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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SP Angel . Morning View . Friday 29 04 22Pilbara Minerals sells 5.5% spodumene for US$5,650/dmtNickel and tin prices rise on continued support for battery metals CLICK FOR PDFMiFID II exempt information – see disclaimer below Graphene / gra
The new prospecting permits are for base metals, gold and silver
“Initial production is expected at 4,500 to 5,500 ounces for the balance of the year"
Results include 31.7 g/t gold and 58.5 g/t silver intersected over 7 metres
Galantas has many years of on-ground experience at the Omagh project
As part of the agreement, Ocean will receive 250,000 Galantas warrants, exercisable into shares in the gold miner
Drilled from the surface, Galantas said the hole successfully targeted a potential 'dilation zone'
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The results, combined with high-grade gold samples at the target areas, have provided the company with new drilling targets
Galantas has a long history of exploration and production on the ground at Omagh
It intercepted 79.5 g/t gold, 281.4 g/t silver and 10.6% lead over 0.9m
Its 4,000-metre drilling programme is targetting the Kearney and Joshua veins
Golla was a journalist at The Globe and Mail from 1954 until his retirement in 1997
“Our decision to cross-trade in the US is part of our strategy to grow our international shareholder base and promote greater liquidity," said CEO Mario Stifano
"The company has made great strides in advancing the Omagh project,” said chief executive Mario Stifano
“This exploration program represents a critical opportunity for Galantas to extend the mine life and expand high-grade gold production," said chief executive Mario Stifano
Galantas has also engaged JDS Energy & Mining Inc. to conduct work on the Cavanacaw underground mine in Omagh
Eric Sprott, the well-known Canadian resources investor, acquired 6.3mln units for C$1.9mln giving him an 8.6% stake
Galantas has one of the few prospective gold projects in the UK
The gold miner will now bring in a maximum of C$8mln, up from C$6mln.
