Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 onedayyyyyyyyon Nov 16, 2006 11:54pm
62 Views
Post# 11698566

Sounds all negative to be. LOL. DELAYS DELAYS

Sounds all negative to be. LOL. DELAYS DELAYS Plumbing and electrical wiring is nearing completion and one diesel generator remains to be brought on line. plant components will commence as soon as the second generator is operable. Installation of the lining has been delayed firstly by the insolvency of a previous contractor and secondly by the late delivery of the HDP liner from Spain. Under the supervision of a second contractor, this was to have arrived the week of 6th November but now is expected to arrive the week of 13th November. The re-circulation / polishing pond is almost complete and ready for lining. Two dry periods of 3-4 days in duration each are required to line both structures after the arrival of the lining. Construction progress has suffered from a series of delays, most recently due to specialist sub-contractors. These have added to delays incurred early in the project due to changes in mandatory archaeological supervision and difficulties with handling large quantities of saturated peat. Management is still focused on the production of early concentrate in December though, despite mitigation measures, delays may continue to accrue until project completion. Work remaining includes installation of the regrind mill and gravity concentration equipment consisting of a Knelson concentrator and table. These are not essential to basic plant operation and will be installed following completion and satisfactory operation of the remainder of the plant. An internal audit of the processing plant has been carried out, assisted by professional external metallurgical engineers, prior to finalisation. The general conclusion is that the plant is in accordance with results of test work and can be expected to produce satisfactory results technically, but there are concerns about the ability of the plant to maintain a high degree of operating time, largely due to lack of duplicates including pumps. This is a reality of the plant as constructed and although some long lead timeback-up components (such as flotation stems) are on site, operating budgets being prepared will include capital items to provide for duplication of some additional systems. The Kearney vein has been exposed for approximately 390 metres of its length and wall rocks stripped back enough to enable initial mining to take place
Bullboard Posts