Galantas hopes to strike gold literally with Omagh mine
Shares in Galantas are up over 63% since the beginning of January
Company
LON:GAL
Galantas Gold Corporation is a gold company focused on the acquisition, development, and advancement of gold assets in stable mining jurisdictions. The company is currently advancing the Indiana Gold-Copper Project in Chile, an advanced-stage project with a substantial historical resource base.
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Shares in Galantas are up over 63% since the beginning of January
Galantas Gold Corp shares jumped by more than one-third in Toronto on Friday after the company said investor Ross J. Beaty had increased his common stock stake in the company this week
Earlier this month, it said it would raise C$1.26mln by placing around 16mln shares
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The weekly round up of news and updates from the mining sector.
Galantas Gold remains active at the Omagh property, pending a judicial review due in September
Production at the site, a former producer, is suspended as the firm awaits the outcome of a judicial review in September this year
Among other things the funds will finance legal commitments in respect of underground planning consent for the Omagh mine
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Planning consent for an underground operation was granted last year subject to a judicial review after an objection to the approval.
Galantas Gold Corp said a judicial review will be heard into the planning consent it was granted last summer for its underground gold mine in Omagh, County Tyrone, Northern Ireland.
Kestrel is located s within land covered by existing planning consent, though additional planning permission may be required.
Just how much exploration upside is there on Galantas Gold’s (LON:GAL) ground in County Tyrone, Northern Ireland?
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Goldplat got a boost from a new resource statement for its project at its gold recovery operations in South Africa.
Investments and investor services
Big news from ANGLE, Breedon Aggregates and Shanta Gold too.
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After finishing up last week, there were early signs of promise for Footsie but it never really got out of the blocks...
Shares in Galantas Gold rose strongly after latest drilling at its Omagh project in County Tyrone....
The FTSE 100 Index was 10.8 points adrift at 5889.17p as oil prices continued their downward trend
Investments and investor services
The FTSE 100 Index dropped 31.01 points to 5869 as oil prices fell again
Latest drilling at Galantas Gold's Omagh project in Northern Ireland has thrown up the largest accumulation of gold discovered so far, the company revealed.
Investments and investor services
ITM Power, 88 Energy and Rightster Group also had news out on Friday