Exploring & Mining Irish Gold
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Galantas Gold Engages QME For Omagh Underground Development
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Ireland Explorer Galantas Gold Upsizes Private Placement To C$6M
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The Assay Weekly Roundup: 3 to 9 August
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Stock Code:
TSX-V: GAL, AIM: GAL, OTCQX: GALKF
Company Exposure:
Gold, Silver, Lead
Project Locations:
Northern Ireland, UK
Galantas Gold Corporation is a public company, listed on the TSX Venture Exchange in Toronto, London’s AIM market, and the OTCQX market in the U.S.
Galantas owns and operates a producing open-pit gold mine near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced by safe, non-toxic processing and sold under contract. Following the granting of planning permission, the company continues to mine underground with around 2km of underground development completed so far. Development on-vein produces feed for the processing plant. Results from the current drilling programme are encouraging with vein targets planned to extend and upgrade the resource.
Investment Highlights
- Operational excellence – Fully permitted mine meets environmental standards, monitored with detailed studies by the Northern Ireland Environment Agency and used a safe processing methodology to produce a smelter concentrate
- Infrastructure in place – Ownership of initial open-pit mine, processing plant, tailings facility, and water clarification ponds
- Supportive shareholders – Ross Beaty, Roland Phelps (former CEO), Melquart Limited, Premier Miton Investments, Eric Sprott, and Mike Gentile collectively own ~63%
- Exploration upside – Multiple high-grade veins with significant exploration potential for resource upgrade and discovery over a 597km² land package
