Galantas Gold Corp V.GAL

Alternate Symbol(s): GALKF

Metals & Mining Gold

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

Galantas Gold Corp

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Comment by poservon Jun 21, 2007 12:34pm

188 Views

Post# 12978614

RE: .

Great info, thanks so much. What worries me about gal is the cash balance, shareholder equity is reasonable but cash seems pretty short. Any treasury shares which could be sold to increase cash position?, maybe gal should look to the narket for more$$$$$$$$$, perhaps a private placement

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