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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Comment by Lightsaber05on Feb 25, 2020 7:43am
123 Views
Post# 30729610

RE:Mining without blasting

RE:Mining without blasting

In theory yes, but will not be economical.  The best way to increase efficiency is to use the stope/backfill method. This gives a very high volumetric coverage quickly and efficiently, but long hole drilling and blasting is essential for this to happen.

The NI government have just announced that they are in debt to the tune of £600million, a favorable outcome to GALs issues looks impossible- ie, free escort duty from the police.

For this to get going again I would expect DAL to have to settle their account with the police first, then both DAL and GAL can negotiate with the police for resources and costs.

From previous posts, I'd estimate this will put around £8m to £10m on top of current operations. If gold price increases, this could be sustainable, but I believe the gold bubble will bust soon.
 

Bullboard Posts