Galantas Gold Corp. is pleased to announce the results for three holes drilled from underground platforms within the Kearney Vein development at the Omagh Project in Northern Ireland. Drilling highlights: Hole FR-DD-22-UG-192, targeted within the northern dilation zone*, intersected 6.2 grams per tonne gold and 46.6 g/t silver over a 11.1-metre intersection . This includes a higher grade section of 22.5 g/t Au and 170.8 [...]
Galantas Gold Corp. will be hosting a live webcast on February 1, 2023, 11:00am Eastern Time, to discuss the Gairloch Project, a 217 km² mineral licence area in Scotland that covers the Gairloch Schist Belt. The Gairloch Project is located in a high-potential district featuring a gold-bearing volcanogenic massive sulphide deposit. For more information about the project, refer to Galantas' news release dated January 26 [...]
Galantas Gold Corp. is pleased to announce that it has entered into an agreement to acquire a 100% interest and the exclusive rights to explore and develop the Gairloch Project, a 217 km² mineral licence area in Scotland that covers the Gairloch Schist Belt from the owners of the Gairloch Estate lands . The Company has acquired exploration and developments rights for an initial payment of £347,000 and annual payments of [...]
Galantas Gold Corp. is pleased to announce that it has entered into an agreement with Ocean Partners UK Ltd. , whereby Ocean has sold on behalf of Galantas call options on 6,000 ounces of gold at 500 ounces per month from February 2024 to January 2025 at a strike price of US$1,775 per ounce for proceeds of US$804,000 to Galantas . Proceeds from the sale will be used to fund development of the underground mining operations [...]
Galantas Gold Corp. is pleased to announce its unaudited financial results for the quarter ended September 30, 2022. Financial Highlights Highlights of the third quarter 2022 results are summarized below. All figures are in Canadian dollars unless otherwise stated. All figures denominated in Canadian Dollars Quarter Ended September 30 Nine Months Ended September 30 2022 2021 2022 2021 Revenue $ 0 $ 0 $ 0 $ 0 Cost and [...]
Galantas Gold Corp. is pleased to announce the appointment of Micon International Limited to produce a NI 43-101-compliant Mineral Resource Estimate for the Company's Omagh Gold Project in Northern Ireland. Mario Stifano, CEO of Galantas, commented: "Galantas has completed more than 4,100 metres of drilling during the last year, in our largest exploration program since the 2014 resource estimate. We have accumulated a [...]
Galantas Gold Corp. is providing an update on the Company's private placement of units of the Company as announced by way of news release on August 8, 2022, August 11, 2022 and August 30, 2022. The Company wishes to correct its disclosure to clarify that a portion of the closing of such private placement represented "Shares for Services" under TSX Venture Exchange Policy 4.3. Pursuant to the private placement, on August [...]
Galantas Gold Corp. is pleased to announce results for four holes from its ongoing drilling program at the Omagh Project in Northern Ireland. Three holes were drilled from an underground platform towards the south of the development on the Kearney Vein, and one was drilled from a new platform in the north. Drilling highlights: Hole FR-DD-22-UG-191 targeted a northern extension to a proposed dilation zone* within the [...]
Galantas Gold Corp. is pleased to announce that its subsidiary Flintridge Resources Limited has appointed QME Limited of Navan, Ireland, as a mining contractor to develop the access and exploration drives to the Joshua Vein at its Omagh Gold Project in Northern Ireland. QME's project scope comprises a total of 600 metres of underground development and is expected to commence in January 2023. Development to an exploration [...]
Galantas Gold Corp. is pleased to announce that it has closed its previously announced private placement, pursuant to which the Company sold an aggregate of 14,826,674 units of the Company at a price of C$0.45 per Unit on a "best efforts" brokered private placement basis for gross proceeds of C$6,672,003.30 and 506,667 Units at the Offering Price on a non-brokered private placement basis for gross proceeds of [...]
Galantas Gold Corp. is pleased to announce its unaudited financial results for the Quarter and Six Months ended June 30, 2022. Financial Highlights Highlights of the second quarter 2022 results, which are expressed in Canadian Dollars, are summarized below: All figures denominated in Canadian Dollars Quarter Ended June 30 Six Months Ended June 30 2022 2021 2022 2021 Revenue $ 0 $ 0 $ 0 $ 0 Cost and expenses of operations [...]