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Galantas Gold Corp V.GAL

Alternate Symbol(s):  GALKF

Galantas Gold Corporation is a Canada-based company, which is operating and expanding gold production and resources at the Omagh Project in Northern Ireland, and exploring the Gairloch Project hosting the Kerry Road gold-bearing volcanogenic massive sulfide (VMS) deposit in Scotland. The Company's projects include Omagh Project and Gairloch Project. The Omagh Project is situated within an approximately 189 square kilometer (km2) license area, which lies 1.5 hours drive west of Belfast, in Northern Ireland. The Company holds approximately seven exploration licenses over an area of around 596.7 km2. The Company holds exploration and developments rights to the Gairloch Project, an approximately 217 km2 mineral license area in Scotland that covers the Gairloch Schist Belt. VMS deposits are major sources of zinc, copper, lead, silver and gold. They often form in clusters in areas of ancient underwater volcanic activity. Its subsidiary is Cavanacaw Corporation.


TSXV:GAL - Post by User

Bullboard Posts
Post by Tigers21on Mar 08, 2006 5:32pm
176 Views
Post# 10485295

further

furtherIf I recall correctly there was a recent exercise of options..as well..to put more money into the kitty. And that might have been reflected in the SP as some insiders sold inorder to raise the dollars for the options...But also note that the SP has doubled from .09 cents and the overall movement appears to be moving upwards. Insiders have antied up millions to keep this project rolling to this point. With the listing on AIM there will be more shareholders to absorb whatever float is available apart from the significant insider holdings. At the least..it is a very interesting story to watch.
Bullboard Posts