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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 > so....
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•••
Comment by Lightsaber05on Mar 12, 2023 7:37am
93 Views
Post# 35333192

RE:RE:so....

RE:RE:so....

With the recent redundancies- 40 in total according to the local press, it's difficult to see how production can get back to full scale.

I'm also surprised and disapointed that GAL did not pre-empt this announcment to shareholders, and indeed they've made no mention of it.. Focus seems only to be on 'good news'...
 

https://www.wearetyrone.com/news/future-of-omagh-mining-firm-in-doubt/

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