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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

Comment by stockpunter2on Apr 03, 2024 5:56pm
39 Views
Post# 35969041

RE:April 3 208k

RE:April 3 208kIf you look at Stockwatch, you will see that a relatively large fractions of the total volume is traded on exchanges other than the TSX.  Not sure what it all means.  They said it would cost 12 million to put the mine back into operation, which is a small sum compared to the capex for most PM companies going into production.  So, maybe they have a financing to be announced that would make production a possibility.  Unfortunately, the company has lost all credibility.
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