I recently attended a presentation by Galantas Gold in London, and was very impressed with their potential.

Galantas is planning to commence gold production at it's Irish mine in 2Q 2006.



Some bullet points from the meeting;

- Galantas will be the first gold miner in Ireland.

- Mine construction is budgeted at under $1 million.

- AIM listing planned for the near future.

- Initial production plan for 30,000 ozs gold PA.

- Low cost producer, budget is for < $150 per ounce!




Galantas is currently listed on the Toronto Stock Exchange, but is planning a secondary listing on AIM, either late 2005 or early 2006.



An excellent recent article by Stephen Clayson of Resourceinvestor.com can be read below.

By Stephen Clayson
26 Sep 2005 at 08:55 AM EDT

LONDON (ResourceInvestor.com) -- Galantas Gold [TSXv:GAL], previously known as European Gold Resources, is entering the run up to early stage gold production from its Omagh project in County Tyrone, Northern Ireland, and intends to list on Londons AIM by the early part of next year to help facilitate its further ambitions.

Galantas CEO Roland Phelps sees AIM as Galantas natural home, and reports strong approval amongst current investors for an AIM listing. The company will look to raise its profile and broaden its institutional shareholder base through its AIM flotation, taking advantage of the greater depth of the London market.

The primary focus of Galantas right now is the establishment of gold concentrate production by the first quarter of next year from the Omagh project, which is slated to initially yield around 30,000oz per annum of gold from an open pit. A small, inexpensive plant will be constructed on site composed mostly of used, reconditioned machinery, and the company expects the cost of this to come in at less than $1m.

Phelps reports that Galantas has received firm offers from European smelters for concentrate from the Omagh mine, funding and government permits for the construction of which are already lined up, and predicts operating costs of less than $150/oz gold.

The successful establishment of gold production from the Omagh project would make it Irelands first gold mine, and would deliver a boost to those hoping to mine the yellow metal elsewhere in the Emerald Isle, the gold deposits of which can be seen as geologically related to those of Scandinavia. The gold mineralisation of the Omagh property was first discovered in the 1980s by Rio Tinto, and whilst falling below its required size threshold for development may still prove a solid asset for a company like Galantas.

The Omagh project presently hosts around 447,000oz of gold reserves and resources scattered across several deposits. Of these the largest, and that which is intended to support the first mining, is the Kearney deposit, which is estimated to contain 88,827oz of Proven/Probable Ore Reserve in material grading 7.52g/t and 267,150oz of Indicated Resources in rock grading 7.02g/t. Other deposits on the Omagh property are estimated to contain together 71,041oz of Indicated Resources in material graded at 6.72g/t and 20,399oz of Inferred Resource in rock graded at 4.68g/t.

Aside from the advent of cash flow from the mining of the Kearney deposit, what could offer notable upside to investors in Galantas is the expansion of the Omagh projects reserves and resources through further exploration. To this end, Europes first VTEM (Versatile Time-Domain Electro Magnetics, a proprietary airborne geophysical surveying technology of consultancy firm Geotech) survey was conducted recently on the Omagh property, and the selection and drilling of targets on the basis of this and previous geological work is Galantas next intended step after getting the mining of the Kearney deposit up and running.

A further positive aspect for investors in Galantas is the companys namesake brand of jewellery, which is currently sold through a small network of shops in Ireland. However, expansion is planned by Galantas into the U.K. and also into the U.S., the latter in the hope that Americans of Irish ancestry, initially marketed to in cities such as Boston and Chicago, will find the line particularly appealing.



Shares in Galantas presently trade pretty quietly in Toronto, where Phelps feels that perhaps a bias towards North America focused mining companies along with limited promotion has let Galantas remain somewhat unnoticed amid the crowd. This might in part explain the limited share price growth that the company has exhibited of late, despite edging nearer and nearer to production.

However, the prospect of a producing gold mine, albeit a small one, in the British Isles might garner quite some interest on Londons AIM. Coupled with the potential for significant exploration upside and increased revenue from jewellery sales driven by the rollout of the Galantas brand to new markets, this might make Galantas Gold a notable flotation for London investors next year, or for Toronto investors an investment worth considering right now.

Article reproduced by kind permission of Resourceinvestor.com.

Resourceinvestor.com homepage CLICK HERE




Latest pictures of the mine showing the completed processing plant.

For Galantas Gold Corp. corporate website, click HERE

Video of Galantas' Omagh operations - CLICK HERE

Email : info@galantas.com





UK investors visit the Galantas Minesite 26th May 2006.

Not sure of the source of this article, but it was published on 28/9/05.

----------------------------------------------------------------------------


Galantas's Omagh boulders assay one to 40 g/t Au


2005-09-28 13:59 ET - News Release

Mr. Jack Gunter reports

GALANTAS DISCOVERS BOULDERS WITH UP TO 40 G/TONNE GOLD

Galantas Gold Corp. has discovered additional gold-bearing boulders derived from glacial till on its Omagh property. The boulders appear unrelated to gold veins discovered so far and may have a source related to local VTEM targets.

The company is verifying its historical exploration database, most of which is the product of the program conducted by a subsidiary of Rio Tinto from 1985 to 1990. During that program, reconnaissance sampling of boulders in stream beds produced 176 samples that assayed greater than one gram per tonne gold, of which 15 sampled greater than 73 g/t Au. The highest sample was 156 g/t Au. Galantas engaged independent consultants, Aurum Exploration Ltd., to resample the stream beds north of the mine, where several historical samples were greater than 100 g/t Au, and whose bedrock source remains undiscovered.

OMAC Laboratories of Galway, Ireland, assayed the samples. Nineteen samples were submitted for assay, of which seven assayed greater than one g/t Au, the highest being 40.00 g/t Au.

In addition to getting results similar to the historical data, gold-bearing boulders were also discovered in previously unsampled stream beds, 1.5 kilometres northwest of the mine site. The distance to the bedrock source of boulders in the local glacial till is considered usually not more than several hundred metres.

Moe Lavigne states, "The implication of discovering high-grade boulders over such a large area is that many veins in bedrock remain to be discovered, and I look forward to discussing the results with shareholders at the Toronto resource investment show Oct. 2nd and 3rd." Mr. Lavigne is the qualified person at Galantas responsible for the program of work.

The coincidence of these and other types of geochemical anomalies with anomalies generated by the VTEM airborne survey will be designated as priority targets for upcoming exploration drilling.

Galantas Gold is building Ireland's first gold mine, with production scheduled for spring, 2006. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages and to add value to the company's production by marketing and selling certified Galantas Irish gold jewellery.

I think the Resourceinvestor.com article I have added to the header above accurately portrays exactly where Galantas are now, and where they plan to go in the future.

Raising money in the AIM listing should enable them to move to a three shift system quicker than originally planned, and therefore achieve the 30,000 ozs PA target production in the mid term IMO.

Hree's the latest 1 year chart, momentum seems to be building up as the AIM flotation approaches.

Galantas presented at Minesite last week, and people seem impressed with the progress made.

In particular, the higher price of gold will ensure a higher profit once the mine actually starts producing Q2 2006.

I believe the AIM float will be in March.

Today's Sunday Times carries the following article!


The Sunday Times January 22, 2006

Omagh mine to start gold rush with 1.5m AIM float
Ciaran Hancock

GALANTAS Gold, a Northern Ireland-based gold exploration company with a stock market listing in Toronto, is planning to float on the Alternative Investment Market in London in February.

Galantas, which is headed by Jack Gunter, has a goldmine in Omagh, Co Tyrone. Gold produced at the mine is used to manufacture its own range of gold jewellery.

The flotation on AIM is designed to enable its shareholders in Ireland and the UK a trading platform closer to home, according to Moe Lavigne, Galantas vice-president.

Weve hundreds of Irish shareholders and this will allow them to follow the stock closely, he said. We listed in Toronto first because its the worlds biggest stock market for mining and mineral exploration companies.

The Omagh-based company, with a market value of C$18m (12.8m), hopes to raise 1m (1.5m) from the new listing. About a quarter will be swallowed up by listing costs with the balance used to accelerate development of the companys mine, the only gold producer in Ireland and Britain. ARM Corporate Finance in the UK will handle the flotation.

Lavigne said the company would begin production at Omagh before the summer and it will produce about 30,000 ounces a year.

Galantas received the planning green light for Omagh in 1995 but gold prices worldwide were depressed, making it uneconomical to mine. Prices have since doubled to a 20-year high of $553 an ounce.

In the mean time, Galantas used the gold samples recovered during the exploration phase in Omagh to create an exclusive line of high-quality, 18-carat gold jewellery. The jewellery is sold by eight retailers in the UK and two in Ireland. Lavigne said it has so far earned about C$500,000 in sales from this range, but supplies have dried up.

This one doesn't do it for me either..........double top and all the rest....back down heavily soon again Andy. Picking too many duffers.

Sue,

Mine construction nearly complete, on schedule, and under budget of 1 million.(They said it couldn't be done!)

AIM listing in March.

Cost per oz <$150

The price of gold still increasing, now around $550.

Reasonable profit there then!

Galantas are then going to take some of their production, and manufacture Irish Gold jewellery, adding an "obscene" additional value!

The double top doesn't do it for me I'm afraid, I'm looking at facts and fundementals here, and they say Galantas will be successful and enhance shareholder value.

The increasing price of gold just makes this story more compelling, added profit straight to the bottom line!

AIM listing seems on schedule, now we have a NOMAD!

-------------------------------------------------------------




Subject : Galantas Press Release Feb 9th 2006



9th February 2006 TSX Venture Exchange -"GAL"



GALANTAS APPOINTS LEWIS CHARLES SECURITIES AS BROKER FOR
LONDON AIM ADMISSION



Galantas announced today that it has appointed Lewis Charles Securities Ltd as Broker for its proposed admission to trading on Londons AIM market in the first quarter of 2006. Companies quoted on AIM are required to retain a Member Firm of the London Stock Exchange as their Broker, who will act as a conduit between the Company and the market.



Galantas is building Irelands first gold mine, with production scheduled to commence in Spring 2006 (2nd Quarter) and has sufficient funds to achieve production.


The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.



The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain Forward-Looking Statements within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are Forward-Looking Statements that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these Forward-Looking Statements.



For further information, please contact:


Galantas Gold Corporation Telephone: +44 (0) 2882 241100

Jack Gunter P.Eng Executive Chairman

Roland Phelps C.Eng President & CEO

Moe Lavigne P.Geo Vice President

Email: info@galantas.com

Website: www.galantas.com


Bishopsgate Communications Ltd. Telephone: +44 (0) 207 430 1600

Dominic Barretto

Nick Rome

Website: www.bishopsgatecommunications.com

The announcement of the NOMAD seems to have perked up the price, now over C$0.20!

Listing on AIM is due in March, and with some publicity I think we will see a higher price as the listing is confirmed and the date approaches.

The uniqueness of being Ireland's only gold mine, and the fact that they will add considerable value by producing and selling their own jewellery, accompanied by the increasing price of gold, make this look like a decent stock IMO.

The CEO has excercised some warrants, giving some useful cash to the coffers.

Maybe they have a couple of exploratory drills planned?
----------------------------------------------------------------

GALANTAS GOLD CORP Quick Quote: GAL 0.20 (-0.00)

Galantas President Exercises Placing Warrants
2/13/06

TORONTO, ONTARIO and OMAGH, NORTHERN IRELAND, Feb 13, 2006 (CCNMatthews via COMTEX) --

Galantas (TSX VENTURE:GAL) President and CEO, Roland Phelps, notified the company today of the exercise of 1,771,019 warrants, with payment of $265,652.85. Mr Phelps obtained the warrants by participation in a private placing in April 2005. The warrants were due to expire on April 4th 2006 and had a strike price of 15c. Mr. Phelps' exercise is in addition to the exercise of warrants having the same terms, by other warrantholders of a further 345,250 warrants for $51,787.50.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified Galantas(TM) Irish gold jewellery.

Galantas exploration update 16/02/2006.
-------------------------------------------

Subject : Galantas Press Release 16th Feb 2006



16th February 2006 TSX Venture Exchange -"GAL"



GALANTAS REPORTS EXPLORATION ON ITS OMAGH LICENCE



Galantas Gold Corporation announces that its programme to expand reserves and resources on its Omagh gold property is underway. Overburden stripping has been completed on a 25 metre long southern extension of the 850 metre long Kearney vein. Assays from three channels samples taken for ore characterization purposes confirmed the continuation of the gold bearing structure.



Results of the characterization samples were as follows :



Channel #1 11.8 grams per tonne gold over 0.35 metres

32.64 grams per tonne gold over 0.92 metres



Channel #2 8.97 grams per tonne gold over 1.05 metres

30.88 grams per tonne gold over 0.84 metres



Channel #3 13.64 grams per tonne gold over 0.50 metres



Following these positive results, detailed channel samples at 1 metre intervals are being cut to provide engineering quality data, enabling ore in the extension to be incorporated into the mining plan. This ore will be additional to that reported in ACA Howes 43-101 compliant ore reserve statement of 2004.



To start its outlying discovery programme, the Company has secured land access agreements to test high priority targets. The first is a 23 gram per tonne gold soil anomaly coincident with a +100 metre long VTEM conductor, located 1.5 kms from the Omagh Mine. The VTEM conductor was detected in the Companys 2005 aerial survey and may represent a sulphide rich segment of a quartz-sulphide vein system. There is an established correlation of gold with sulphides in the area. The soil anomaly was discovered by Rio Tinto. An early trenching programme is scheduled.



The Qualified Person responsible for exploration is Maurice Lavigne, P.Geo, who supervised the program, including transport and security. Assays were and are being done by OMAC Laboratories of Galway, Ireland.



The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain Forward-Looking Statements within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are Forward-Looking Statements that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these Forward-Looking Statements.



For further information, please contact:



Galantas Gold Corporation Telephone: +44 (0) 2882 241100

Jack Gunter P.Eng Executive Chairman

Roland Phelps C.Eng President & CEO

Moe Lavigne P.Geo Vice President

Email: info@galantas.com

Website: www.galantas.com

AIM listing appears to be imminent!


"EXPECTED ADMISSION DATE: 31 March 2006"


Plaudits to Rambutan 2 over the road.




AIM
15 March 2006


ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2

ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: Galantas Gold Corporation

COMPANY ADDRESS: 360 Bay Street Suite 500, Toronto, Ontario, Canada

COMPANY POSTCODE: M5H 2V6

COUNTRY OF INCORPORATION: Canada

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES: Galantas is a gold resource company in Northern Ireland. Galantas is currently constructing a plant which will have the capacity to process 30,000 oz of gold annually. The Company expects to commence production in the second quarter of 2006.

DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): 129,635,458 Common Shares of Nil nominal value, all of which are already issued.

CAPITAL TO BE RAISED ON ADMISSION: Nil

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:
Roland Frank Gerard Phelps (President & CEO)
Maurice Jean Lavigne (Vice President)
Lionel John Gunter (Chairman)
Ronald Ernest Alexander (Non Executive Director)
Norman Emerson Brewster (Non Executive Director)
James Bernard Clancy (Non Executive Director)
James Imrich Golla (Non Executive Director)

PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:
Roland Phelps - 23.09%*
Jack Gunter - 11.73%
Kevin Martin - 10.25%**
Solitaire Investments Limited - 6.71%

CDS & Co NCI Account - 50.51%***

***The Canadian Depository for Securities Limited (CDS) is Canada's national securities depository, clearing and settlement hub. CDS supports Canada's equity, fixed income and money markets.

CDS is owned by major Canadian chartered banks, members of the Investment Dealers Association of Canada and TSX Inc (the operator of the Toronto Stock Exchange). It is regulated by the Ontario and Quebec securitiescommissions and the Bank of Canada, with working and reporting relationships with the Canadian Securities
Administrators, other provincial securities commissions and the Office of the Superintendent of Financial Institutions.

Under Canadian securities requirements, shareholders in a public company holding over 10% of the issued share capital of that company must file insider reports. No reports have been filed in relation to the individual holdings held by CDS & Co NCI Account (except where included above, which may involve a degree of double
counting). All CDS & Co NCI Account holdings are all for and on behalf of third party beneficial interests.
However, the Company cannot be sure that an individual holding included in the CDS & Co NCI Account holding does not represent more than 3% of the Common Shares following Admission.

*this includes 7,105,338 Common Shares held by Welsh Gold plc, a company of which Roland Phelps is a director and controlling shareholder.

**controlled through family members and through Hubark Properties Limited.

NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

ANTICIPATED ACCOUNTING REFERENCE DATE: 31 December

EXPECTED ADMISSION DATE: 31 March 2006

NAME AND ADDRESS OF NOMINATED ADVISER:
ARM Corporate Finance Limited
12 Pepper Street
London E14 9RP

NAME AND ADDRESS OF BROKER:
Lewis Charles Securities Ltd
4-7 Chiswell Street
London EC1Y 4UP

DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT
THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:
Copies of the Admission Document, which will contain full details about the Applicant and the Admission of its
securities will be available from:
ARM Corporate Finance Limited
12 Pepper Street
London E14 9RP

www.armcf.com

DATE OF NOTIFICATION: 15 March 2006

NEW/ UPDATE (see note): New

QUOTED APPLICANTS MUST ALSO COMPLETE THE FOLLOWING:

THE NAME OF THE AIM DESIGNATED MARKET UPON WHICH THE APPLICANT'S SECURITIES HAVE BEEN TRADED:

THE DATE FROM WHICH THE APPLICANT'S SECURITIES HAVE BEEN SO TRADED:

CONFIRMATION THAT, FOLLOWING DUE AND CAREFUL ENQUIRY, THE APPLICANT HAS ADHERED TO ANY LEGAL AND REGULATORY
REQUIREMENTS INVOLVED IN HAVING ITS SECURITIES TRADED UPON SUCH A MARKET:

AN ADDRESS OR WEB-SITE ADDRESS WHERE ANY DOCUMENTS OR ANNOUNCEMENTS WHICH THE APPLICANT HAS MADE PUBLIC OVER THE
LAST TWO YEARS (IN CONSEQUENCE OF HAVING ITS SECURITIES SO TRADED) ARE AVAILABLE:

DETAILS OF THE APPLICANT'S STRATEGY FOLLOWING ADMISSION INCLUDING, IN THE CASE OF AN INVESTING COMPANY, DETAILS
OF ITS INVESTMENT STRATEGY:

A DESCRIPTION OF ANY SIGNIFICANT CHANGE IN FINANCIAL OR TRADING POSITION OF THE APPLICANT, WHICH HAS OCCURRED
SINCE THE END OF THE LAST FINANCIAL PERIOD FOR WHICH AUDITED STATEMENTS HAVE BEEN PUBLISHED:

A STATEMENT THAT THE DIRECTORS OF THE APPLICANT HAVE NO REASON TO BELIEVE THAT THE WORKING CAPITAL AVAILABLE TO
IT OR ITS GROUP WILL BE INSUFFICIENT FOR AT LEAST TWELVE MONTHS FROM THE DATE OF ITS ADMISSION:

DETAILS OF ANY LOCK-IN ARRANGEMENTS PURSUANT TO RULE 7 OF THE AIM RULES:

A BRIEF DESCRIPTION OF THE ARRANGEMENTS FOR SETTLING THE APPLICANT'S SECURITIES:

A WEBSITE ADDRESS DETAILING THE RIGHTS ATTACHING TO THE APPLICANT'S SECURITIES:

INFORMATION EQUIVALENT TO THAT REQUIRED FOR AN ADMISSION DOCUMENT WHICH IS NOT CURRENTLY PUBLIC:

A WEBSITE ADDRESS OF A PAGE CONTAINING THE APPLICANT'S LATEST ANNUAL REPORT AND ACCOUNTS WHICH MUST HAVE A
FINANCIAL YEAR END NOT MORE THEN NINE MONTHS PRIOR TO ADMISSION AND FULLY AUDITED INTERIM RESULTS WHERE
APPLICABLE. THE ACCOUNTS MUST BE PREPARED ACCORDING TO UK OR US GAAP OR INTERNATIONAL ACCOUNTING STANDARDS:

THE NUMBER OF EACH CLASS OF SECURITIES HELD IN TREASURY:


This information is provided by RNS
The company news service from the London Stock Exchange

Shares magazine has an excellent write up of the Galantas flotation, confirmed for end of March 2006!

Some snippets from the article (page 39 Shares Mag)
=============================================

Irish resources group Galantas is set to make headlines by opening the
UKs only producing gold mine this spring.

It has a prospecting licence for a 189 sq km region near Omagh in Northern
Ireland, with proven reserves of 367,310 tonnes at 7.52 grams per tonne
(g/t) of gold. There is also a further indicated resource of 1.18 million
tonnes at 7.02 g/t.


Galantas has already started to generate revenue from gold. It processed 101 tonnes of ore from bulk sampling and raised nearly CA$600,000. It plans to bring the mine
into full production this year.

A second revenue stream will come from jewellery. Chief executive Roland
Phelps says Galantas will use 4% of its produce for the sideline operation.

Subject : Galantas Press Release 22nd Mar 2006


22nd March 2006 TSX Venture Exchange -"GAL"



BARCLAYS FINANCES GALANTAS GOLD MILL

Barclays Bank plc, through its subsidiary, Barclays Mercantile Business Finance Ltd, has provided a sale and lease back facility for crushing, grinding, flotation and other equipment at the Omagh Mine of Galantas Gold Corporation. Approximately half the cost of the equipment has been financed by cash with the remainder coming from the sale and lease back arrangement. The sum financed is 180,000 (CDN$ 359,252) against an equipment cost of 358,903 (CDN$716,315). A lease purchase payment of 5577.78 (CDN$11,132) is payable monthly for 36 months. Galantas has the right to purchase the equipment for a nominal sum at the end of the 3 year term. The sale and lease back is the second deal with Barclays, the first arrangement being used to purchase open-pit mining equipment.

The equipment purchased includes Denver Float Cells, Denver Ball Mill, Eimco Thickeners, Mirrlees lackstone generator, A40 Volvo articulated dumptruck, Volvo EC140 Excavator and other equipment. The milling equipment was sourced in Canada and refurbished to a good standard prior to shipment to Ireland. The Volvo equipment was purchased in the UK and although to be initially used in construction, will permit equipment to be released for the ongoing exploration program. The additional finance will enhance working capital. In order to protect the company against currency losses due to a strong Canadian dollar, the cash required to make Canadian purchases was maintained in CDN$

Barclays Bank plc is a UK-based financial services group, with a very large international presence in Europe, the USA, Africa and Asia. It is engaged primarily in banking, investment banking and investment management. In terms of market capitalisation Barclays is one of the top ten largest banks in the world.

Galantas Gold Corporation is building Irelands first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain Forward-Looking Statements within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are Forward-Looking Statements that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these Forward-Looking Statements.

Galantas have added potential resources!

Galantas Discovers 53 Gold Targets on Irish License

TORONTO, Mar 29, 2006 (BUSINESS WIRE) --
Galantas Gold Corporation (TSX VENTURE:GAL) announces that it has completed the integration of exploration data on its Crown Prospecting Licence in County Tyrone, N.Ireland. The data included the results of soil and stream sediment geochemistry, geological mapping, induced polarisation, VTEM and magnetic surveys.

An independent report, prepared by ACA Howe International, has been filed today on www.sedar.com as an appendix to a Galantas Technical Report. The Howe report also serves as the "Competent Persons Report" in regard to the upcoming dual listing of Galantas shares on London's AIM market. The report comments on exploration potential. Fifty three gold targets have been identified and priorities assigned.

Howe grouped the targets on a priority of 1-10. Scores have been assigned which reflect technical merit and the likelihood of contributing to resources in the short term. Eight gold-rich veins of the Kearney swarm have been classified as very high priority resource augmentation targets with scores of 9 and 10, for further exploration in the near future. These are: Kearney, Joshua's, Kerr's, Gormley Main, Elkin's, Gormley West 2, Princes and Garry. These contain relatively high grade channel sample and/or drill intercepts and reserves (1995) and resources (1995 and 2004). Eight other veins of the Kearney swarm not yet drilled or drilled with lower grades have target scores of 5 to 8. The remaining targets, of which there are 37, comprise one target scoring 6, 6 scoring 5, four targets scoring 4, eleven targets scoring 2 and seven targets scoring 1.

Howe considers that the targets scoring 3 to 8 present some excellent opportunities for new discoveries on or near known vein structures of the Kearney swarm and elsewhere in the greater part of the licence area. Howe also considers it likely that aggressive exploration will add substantially to the reserves and resources and that it is possible that structures similar to the Kearney vein lie undiscovered in the identified target area. Further, Howe considers that the high gold grades and the widths and continuity of the present reserves and resources indicate that there is potential for underground production in the future, following exploratory drilling.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified Galantas (TM) Irish gold jewellery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

Galantas

Is the big s.p.drop just a70/1 split on joining aim,saw a2/1 split in a bank share a few years back ,it causd a 50 throretical s.p. drop on the day ,of course shares holding doubled,in the case of Gal shares will increase by 70 times,i estimate,any views.

mbugger,

there is no "big sp drop" that I can see, where are you seeing that please?

Accourding to the share price it appears to have droped to apr 11.5p could this be to get investors into the Co & interested to see if this is a bargin of the day?

ABIG DROP WAS SHOWING AT aroud 9.30 to10.30,adrop of 98.5p.c.,was top faller .

See advfn bb,put in GAL,BIG DROP STILLTHERE,look andy.

mbugger,

Sorry but that is wrong!

GAl were Canadian $0.22 last night, around 11p.

They opened around that price MID here, there has been no dramatic drop.

ALSO, see chart now on m/amfor gal,is that wrong too.

mbugger,

Yes it's absolutely and totally wrong.

GAL floated at 10p.

Check the chart on the TSX, or in the header in this thread, it was Canadian $0.21 the day before, and there are approximately two Canadian dollars to the pound.

mbugger,

This is a list of ALL trades for GAL since the AIM flotation, 31/3/06.

As you can see, the initial trade was done at 11.308p, I cannot see any significant drop in price, can you?

03/04/06 16:28 12.5 35,000 O 10.0 13.0 Buy 63,063 0 0
03/04/06 12:38 12.0 4,041 O 10.0 12.5 Buy 28,063 0 0
03/04/06 10:55 12.0 4,022 O 10.0 12.5 Buy 24,022 0 0
03/04/06 10:34 12.5 5,000 L 0.0 0.0 ? 0 0 0
03/04/06 09:41 12.0 20,000 O 10.0 12.5 Buy 20,000 0 0
31/03/06 15:36 11.5 126,666 O 10.0 12.5 Buy 271,742 0 0
31/03/06 14:16 12.5 7,500 O 10.0 13.0 Buy 145,076 0 0
31/03/06 10:34 12.5 5,000 O 10.0 13.0 Buy 137,576 0 0
31/03/06 10:15 13.0 7,576 O 10.0 13.0 Buy 132,576 0 0
31/03/06 09:38 13.0 25,000 O 10.0 13.0 Buy 125,000 0 0
31/03/06 08:12 12.0 100,000 O 10.0 13.0 Buy 100,000 0 0
31/03/06 08:02 11.308 25,000 L 0.0 0.0 ? 0 0 0

In fact, there has yet to be ANY sell trade on the LSE for GAL!

The real confirmation is of course the TSX.V chart in the header of this thread, which covers the GAL price for a much longer period ,and you can clearly see there has been no significant movement in the price.

Confirmation of the flotation date can ve found HERE

Hi Andy,
Long time no see.How are you?Nice thread.
Interesting times coming up in GAL .Am expecting a flurry of newsflow over the next month or two.Hopefully the market will realise it's true value.Surprised there hasn't been more interest ,but I suppose everyone will wait for some newsflow before piling in.

HH,

Sorry I don't remember your id, did you have a different one before?

I agree with your view of GAL, a nice little story here, and in addition to the obvious very profitab;e gold mining operation, they have the option to spin off the jewellery side into another listed company at a later date.

I believe you are correct re newsflow, and i expect a steady rise here over time.

Andy I am upset that you have forgotten me so soon!!!
Nice Kebabs.

http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showText=all&actionFor=587551

APRIL 4, 2006 - 03:00 ET

Galantas Gold Corporation: Notification of Exercise of Warrants and Berlin Stock Exchange Listing

LONDON, ENGLAND and TORONTO, ONTARIO--(CCNMatthews - April 4, 2006) - Galantas Gold Corporation (TSX VENTURE:GAL)(AIM:GAL) -

Mr. L. J. Gunter, Director and Executive Chairman, announces that on Friday, March 31, he exercised 663,077 warrants to purchase the same number of common shares of Galantas Gold Corporation. As a result, he now owns approximately 12.01% of the issued and outstanding common shares of Galantas on an undiluted basis. Additionally to Mr. Gunter's exercise, a further 463,600 warrants have been exercised. All the warrants were exercisable at 15 cents.

An application has been made to London's Alternative Investment Market (AIM) to admit to trading 1,126,677 new shares. The total number of shares in issue after the warrant exercise is 132,134,635.

Notification was received from the Berlin-Bremen Stock Exchange that the Company's shares are to be listed for trading on that exchange. The filing was made by a brokerage company called Berliner Freiverkehr (Aktien) AG and Galantas notes that trading took place on 31st March 2006.

Galantas is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified GalantasTM Irish gold jewellery.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

h.h.

Ah! I won't forget those kebabs though, hope for a return visit before too long!

Not sure I'm too happy about the Berlin - Bremen listing though!

You should be happyvery soon!

Press Release : 5th April, 2006

Galantas Gold Corporation
(TSX Venture Exchange : GAL)
(AIM - London : GAL)


Rich Extension (22.24 grammes gold /tonne) to Kearney Vein

Galantas Gold Corporation, a company with a gold mine in development in County Tyrone, Northern Ireland, announces that
channel sampling has revealed an extension of approximately 30m (metres) to the southern end of the Kearney Vein.

Thirty nine of the assays in excess of a cut off of 3gAu/t carried a average gold grade of 22.24gAu/t (grammes
gold/tonne) over an average width of 0.36m. Assays varied from 3.34gAu/t over 0.5m up to 106.24 gAu/t over 0.28m. The
width and grade are within mining parameters set for the Kearney vein and the mineralization will be incorporated within
the first phase of open-pit mining. Using sampling protocols similar to those of Rio Tinto (1988-89), 124 samples were
taken from 23 saw cut channels, at approximately 1m intervals and oriented perpendicular to the vein. A table of the
assay results is reproduced below.

The ore is an extension of the Rio Tinto sampled Kearney vein. For comparison, an analysis of 24m of Rio Tinto (1988-89)
historical channel samples immediately adjoining to the north demonstrated an average gold grade of 24.30gAu/t over an
average width of 1.08m. The Rio Tinto channel samples are considered relevant and reliable and have been used by ACA
Howe (2003 & 2004) for ore reserve calculation purposes. The flotation plant currently under construction at the Omagh
Mine is designed for a mill head grade of 20gAu/t gold.

Mr. M.J.(Moe) Lavigne, P.Geo, is the qualified person overseeing the sampling. Samples were placed in numbered bags,
sealed with cable ties and sent to OMAC Laboratories Limited, Ireland, which is a certified CCRMP laboratory. Thirty
gramme sub-samples were fire assayed with an Atomic Absorption finish, along with 3 standards and 3 blanks. Duplicate
assays were carried out on 10% of samples.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km Prospecting Licence. The corporate aim
is to increase the resource base on the property through exploration and mine development, to expand mine production in
stages, and to add value by marketing and selling certified Galtas Irish gold jewellery.

The table of assays is as follows:-

Omagh Minerals Limited 2006 assays
line 263 Au (g/t) / metre 0.16 / 0.3 5.48 / 0.25 1.46 / 0.4 0.36 / 0.8
line 264 Au (g/t) / metre 0.55 / 0.3 14.56 / 0.3 5.24 / 0.3 0.21 / 0.34 0.13 / 0.85
line 265 Au (g/t) / metre 0.18 / 0.3 18.08 / 0.35 0.46 / 0.65 0.1 / 0.55
line 266 Au (g/t) / metre 0.05 / 0.3 52.00 / 0.26 1.18 / 0.3 0.34 / 0.37 0.14 / 0.57
line 267 Au (g/t) / metre 2.11 / 0.4 46.88 / 0.3 1.52 / 0.6
line 268 Au (g/t) / metre 0.1 / 0.28 0.49 / 0.4 53.28 / 0.42 0.69 / 0.76 0.03 / 0.39
line 269 Au (g/t) / metre 0.49 / 0.33 36.32 / 0.24 1.89 / 0.9
line 270 Au (g/t) / metre 0.06 / 0.3 4.85 / 0.32 0.29 / 0.83
line 271 Au (g/t) / metre 0.05 / 0.3 0.46 / 0.24 0.16 / 0.39 0.01 / 0.4
line 272 Au (g/t) / metre 0.04 / 0.3 1.53 / 0.38 0.35 / 0.65
line 273 Au (g/t) / metre 0.14 / 0.3 7.84 / 0.32 2.47 / 0.42 0.01 / 0.7
line 274 Au (g/t) / metre 0.12 / 0.3 19.64 / 0.49 3.34 / 0.5
line 275 Au (g/t) / metre 0.1 / 0.3 3.74 / 0.26 0.63 / 0.54
line 276 Au (g/t) / metre 0.32 / 0.44 0.19 / 0.3 0.04 / 0.6 0.04 / 1.16
line 277 Au (g/t) / metre 0.01 / 1.22 0.03 / 0.4 0.03 / 0.59 4.46 / 0.35 0.16 / 0.54 0.23 / 0.42 0.03 / 0.6 0.11 /
0.76 0.01 / 0.28
line 278 Au (g/t) / metre 0.31 / 0.35 0.33 / 0.35 3.29 / 0.4 1.31 / 0.3 0.85 / 0.25 12.00 / 0.36 0.11 / 0.7 0.03 / 0.4

line 279 Au (g/t) / metre 0.06 / 0.35 4.60 / 0.72 5.76 / 0.25 0.55 / 0.64 0.03 / 1.08
line 280 Au (g/t) / metre 0.02 / 0.3 5.68 / 0.76 0.75 / 0.28 0.13 / 1.1
Line281 not collected
line 282 Au (g/t) / metre 0.41 / 0.27 3.86 / 0.33 0.09 /0.3 0.03 / 0.46 1.51 / 0.36 26.56 / 0.47 0.85 / 0.8 0.01 /
0.33 0.01 / 0.79
line 283 Au (g/t) / metre 1.33 / 0.36 6 / 0.5 4.64 / 0.3 6.04 / 0.5 22.56 / 0.35 2.11 / 0.56 0.50 / 0.31 59.84 /
0.4 9.96 / 0.28 2.48 / 0.3 0.49 / 0.28
line 284 Au (g/t) / metre 0.17 / 0.33 12.56 / 0.3 55.36 / 0.3 22.56 / 0.44 6.00 / 0.24 2.04 / 0.44 1.7 / 0.43 86.40 /
0.3 0.36 / 0.27 5 / 0.33 9.12 / 0.33
line 285 Au (g/t) / metre 0.53 / 0.23 28.48 / 0.24 11.28 / 0.39 1.71 / 1 0.77 / 0.29 74.08 / 0.44 2.4 / 0.33
line 286 Au (g/t) / metre 0.07 / 0.22 7.16 / 0.24 0.22 / 0.53 0.19 / 0.6 106.24 / 0.28 87.68 / 0.28 8.88 / 0.61
Line 287 not collected


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of
the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There
can be no assurance that such statements will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements".

Enquiries:

Galantas Gold Corporation +44 (0) 2882 241100
Jack Gunter P.Eng Executive Chairman
Roland Phelps C.Eng President & CEO
Moe Lavigne P.Geo Vice President
Website:

mbugger,

If you check in the header, I have now placed the Moneyam CORRECTED chart, and as you can see, there was no such drop!

These could never have been such a disparity in price between the UK and Canadian markets, or we would all have arbitraged ourselves onto our own newly purchased Caribbean island by now!

Interesting,

Either the chart is not updating, or the price is rising in Canada but not in the UK!

This will have to adjust soon, although the spread will account for some of the difference between the two exchanges.

A recent research report for Galantas is available from Lewischarles.com

Click HERE to access the report.

Galantas results just out!

A nice 10% rise today, augurs well for minestart IMO.

I am attending an investor Mine visit soon, and interest in a stock always increases before such a visit.

------------------------------------------


Galantas Gold FY losses narrow
AFX


LONDON (AFX) - Galantas Gold Corp, the Canadian gold miner which listed on AIM in March, reported narrowing losses for 2005.

The company said pretax losses shrank to 808,232 cad last year from 1.19 mln in 2004, following foreign exchange gains and reduced operating costs stemming from the closure of its Vancouver office.

Galantas is developing a gold mine at its Kearney deposit in Northern Ireland. It is aiming to achieve production this year and is setting up an Irish gold jewellery business once certified Irish gold from the mine becomes available.

Sales of jewellery fell to 52,800 cad in 2005 from 175,831 the previous year due to the shortage of certified Irish gold metal available.

newsdesk@afxnews.com

ak



COPYRIGHT



Copyright AFX News Limited 2005. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Nice finish in Canada!

+19%!

CAD $ 0.27 - 0.28c

Strong start in the UK today, +3.25p, +26%!

We have a trip going to visit the mine in Omagh, Northern Ireland,in late May, and if anyone is interested in going, we may have one or two places left.

Please send me a message if you are interested,

I've just done a rough calc based on proposed production and I have this at 20p eps if all comes right, potential 10 bagger, what target prices have you guys got???

Just added a couple k

8.9 g/t Au is this a good concentration of gold...... do not know much about mining#

Don't know, but I think $150 production cost is low!!! mind you anything is when the price $700!!!

If they deliver their forcast I honestly can't see these being at these levels for long.

I've divided the number of shares in issue with a possible production profit and I honestly have an eps of 20p, thats without anyother developments, maybe I missing something!! help

Tonker, FWIW 8.9 g/t compares very favourably to some gold co's I've looked at where they seem to be very happy with concentrations around 3 or 4 g/t. I'm thinking of co's like AAU in Turkey. It would be worth comparing a few different miners to see what kind of concentrations their drilling is producing.

I haven't read the info you've seen so can't comment too much. Obviously what's important is some kind of average concentration - it's no good if one drill sample happens to contain a nugget and the rest are all uncommercial.

Tonker,

Yes it is!, and GAL is a low cost producer too!

However, the grade varies, so it is not claimed as an average for the whole licence, even their test results have swung around wildly, and some were from selected areas where it was expected that the grade would be higher.

GAL have estimated the cost of production as around US$150 per oz, vey low by comparison to other producers.

The mine is a cheap operation because they simply strip away the shallow overburden, and the rock underneath is soft, and easily mined by diggers rather than explosives, and in an open pit method.

Given the recent rise in the price of diesel, I would imagine GAL's production costs, like all miners will have risen, but I would think if we use US$200 per oz, we will have a margin to spare over the actual cost.

Well GAL has fared better than some in the last two days, so maybe that is a good sign going forward?

We do have the potential for further news re a possible upgrade to the resource, and there's a shareholder visit coming up, which normally increases interest in a stock.

Drilling Program Initiated

Galantas Gold Corporation, a company with a gold mine in development in Northern Ireland, announces that an exploration drilling program has been initiated and the drill contractor (Irish Drilling Limited) has mobilized a drill onto site today. The program will test some high priority targets near the mine-site. The program will be HQ size with triple tube in order to maximise core recovery.

Galantas Gold Corporation is building Irelands first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.


For further information, please contact:



Galantas Gold Corporation Telephone: +44 (0) 2882 241100

Jack Gunter P.Eng Executive Chairman

Roland Phelps C.Eng President & CEO

Moe Lavigne P.Geo Vice President

Email: info@galantas.com

Website: www.galantas.com

Thu May 25, 2006

Galantas Makes Strategic Land Acquisition


Galantas Gold Corporation announces an expansion of land holdings at its Omagh Gold Mine through the purchase of adjacent property. This strategic acquisition is part of the Companys plan for growth as the land contains gold mineralisation lying within 1 kilometre of the Kearney pit and processing plant currently being readied for production.

The gold mineralisation was discovered by Rio Tinto in the late 1980s through reconnaissance drilling of a 140 metre long geochemical anomaly. Five holes intersected gold mineralisation of a style similar to that found in Kearney. An Induced polarisation anomaly coinciding with the mineralisation extends a further 500 metres along strike.

The historical Rio Tinto drill data is encouraging but suffered from core loss due to the friable nature of the vein material. Galantas has started a drill program in order to verify the results and expand the scope of the Rio Tinto drilling. Core will be of HQ size with triple tubes so as to maximise recovery. The Competent Person responsible for the program is M.J.(Moe) Lavigne P.Geo.

The purchase price of 367,000 (CDN$ 769,607) includes two valuable potential building sites within 6.12 hectares (15.12 acres) of land. The property adjoins land already owned by the company and has access to a public highway. With Stamp Duty Land Tax and Registration Charge, the total cost amounts to 378,510 (CDN$ 793,744). The price reflects buoyant property values in Northern Ireland, important to the underlying asset value of the 167 acres of land already owned by the Company. The purchase includes only surface rights as rights to gold and silver are already held by the Company through its 189 sq km Crown License

Galantas Gold Corporation is building Irelands first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Companys production by marketing and selling certified Galtas Irish gold jewellery.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain Forward-Looking Statements within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are Forward-Looking Statements that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these Forward-Looking Statements.

Galantas Gold Corporation
Jack Gunter P.Eng Executive Chairman
Roland Phelps C.Eng President & CEO
Moe Lavigne P.Geo Vice President
Email: info@galantas.com
Website: www.galantas.com
Telephone: +44 (0) 2882 241100

A picture of our group at the minesite last friday.



What we witnessed was an extremely busy site, with giant excavators and earth movers in a non stop flurry of activity, there was a real buzz, lots of vibrancy all around the site for the duration of our visit.

The processing plant is nearing completion, as per GAL's recent announcements, and there is an abundance of machinery awaiting installation once the concrete floor has set hard enough.

The directors and site manager took all afternoon to show our group over the whole site, and a few of us came back with some sample bags showing interesting crystalization.

Mine were so interesting that my bag was aprehended by Belfast Airport security, at the x ray machine, and security escorted me to a secure area to examine the contents! The samples had registered on the machine, and they thought it was something else!

Funny think was that the guy had heard of the "Omagh gold mine", and I ended up showing him the photos on my phone, which he showed to other guards, and I then saw another investor being led away with his bag!

My impression was that this really is a company on the cusp of both production and, in the not too distant future, profit.

GAL have also demonstrated extreme confidence in it's existing territory as they have aquired very prospective land in the adjacent fields, (se previous post), and they were extemely pleased to have completed this deal.

I would like to express my thanks to Roland, Jack, Moe, Brendan, and Carl for their superb hospitality, and for taking so much time to explain in layman's terms their operations and prospects.

My feeling, after the visit, is Galantas have highly competent management, a good resource, which has exciting prospects for expansion, and a determined and hard working workforce determined to achieve success for the company.

A nice comment from the Galantas CEO on Stockhouse re the UK shareholder visit referred to above.


Message from GAL's CEO

We published a short status report in the last Management Discussion and Accounts on www.sedar.com in May 2006. I wonder if you have had the opportunity to review that document? Generally we explained that we were engaged in peat removal activities at the tailings disposal site, constructing site roads and preparing for the installation of plant in the mill. We will be publishing further updates.

We did have a visit by a group of UK based investors and that visit went very well. We were careful to keep our discussions to information in the public domain or away from price sensitive areas, something that they understood very well.

Nice 25k buy at the death, on an otherwise quiet day in the market.

GAL looking very cheap at these levels IMO.

GAL have issued an operational update - everything seems to be going to plan!
-------------------------------------------------------------------------------



Galantas Gold Corporation-Omagh Gold Mine: Operational Update
Monday June 26, 10:00 am ET


TORONTO, ONTARIO--(CCNMatthews - June 26, 2006) - Galantas Gold Corporation (TSX VENTURE:GAL - News; AIM:GAL) announced today substantial progress in construction of its Omagh Gold Mine.
ADVERTISEMENT


Flotation & Gravity Gold Processing Plant

- Mill Building steel frame & cladding is complete.

- Equipment foundations and floors are concreted.

- Ball Mill is installed.

- All flotation cells are installed.

- Crusher steelwork and conveyors are in final stages of fabrication.

- Tailings thickener is fabricated.

Infra-structure

- Rock, till and peat storage areas have been created.

- Access and haul roads are built.

- Site Drainage has been installed.

- Excavation of peat for the first paste tailings cell is complete. Difficulties were encountered in excavating an increased depth of peat over that expected. This has extended the period of excavation of the cells. Preparation for installation of the cell liner is in progress.

- A second and third cell have been part excavated.

- Polishing pond is in construction

- Kearney vein is exposed for mining over approximately 450m.

Remaining work in progress includes completion of the tailings facility, electrical installation and installation of pumps and tankage.

Core Drilling Status

- A diamond drill program is underway with an emphasis on targets in or close to the Omagh property.

- The program includes drill holes within the Kearney vein, Elkins Vein and some sterilisation drilling related to future facilities.

- The first holes achieved 100% recovery of the core. Cores have been split and mineralised sections are with OMAC Laboratories Ltd of Galway, Ireland, a certified CCRMP laboratory, for analysis.

- Mr. M.J. (Moe) Lavigne, P.Geo, is the qualified person overseeing the drilling program.

Personnel

Karl Martin (B.Sc.Hons) is managing construction work and has been appointed Mine Manager. Andrew Warburton (B.Eng.Hons ACSM) is managing the Flotation and Gravity Plant installation and has been appointed Mill Superintendent.

Commissioning and Cash Flow

Commissioning is expected in late summer 2006 with first cash flow from the project anticipated in the early Autumn. Ramp up to full production is expected to be complete in a 3 - 6 month period thereafter.

When complete, the mine will be Ireland's only producing gold mine with production of up to 30,000 ozs of gold annually, mainly within sulphide concentrate, for shipment and sale to third party smelters. Additional revenues are projected to derive from associated lead and silver credits. The processing facility is designed to accept a head-grade of 20g/t gold from an open pit on the Kearney vein, with other nearby deposits to come on stream as developed. Sales of gold produced from the gravity section of the plant to the in-house jewellery business are also projected.

The Galantas jewellery business sells certified Irish gold jewellery via a network of retailers and direct to the public over the internet at www.Galantas.com Test marketing of Galantas certified Irish gold jewellery was conducted with gold produced from bulk samples from the Kearney vein. Marketing will re-commence as gold moves through the jewellery production chain although principal management focus will remain with the mine until stable production is achieved.

Cash flow from the project will be used to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value by marketing and selling certified Galantas(TM) Irish gold jewellery.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

GALANTAS GOLD CORPORATION
TSX Venture Exchange : GAL
London Stock Exchange AIM : GAL
11th July 2006

Galantas Reports High Grade Gold at Omagh Open Pit Gold Mine

Analytical results of drill core retrieved by diamond drilling and one channel
sample from the Kearney vein have been received. The detailed results are
attached.

The channel sample was collected on the southern extension of the Kearney vein,
from a gap in between the recently released results (April 5, 2006) and
historical sampling by Rio Tinto. The weighted average grade of the sample was
43.94g/t gold over a width of 1.63m calculated at 3g/t cut-off.

Drilling on the northern half of the Kearney vein intercepted 4 gold bearing
zones. Hole OM-DD-06-02 intersected 11.62g/t gold over 3.16m including 23.14g/t
gold over 0.74m. Hole OM-DD-06-03 intercepted 9.64 g/t gold over 5.66m including
12.52g/t gold over 3.17m. These weighted average calculations were made at a
3g/t cut off and where required have been diluted to a minimum mining width of
0.35m

The samples were taken and the drilling carried out under the supervision of
M.J.Lavigne P.Geo, (Vice President, Galantas Gold Corp), the Qualified Person
for the program. Sampling methodology, security & verification followed standard
procedures previously detailed on April 5th 2006 and the samples were analysed
at OMAC Laboratory Ltd (an independent, certified CCRMP laboratory) in Galway,
Ireland.

Mr.Lavigne said," The drilling program is designed to support the expansion of
the Omagh gold mine currently being constructed. Data collected from drilling
and channel sampling will be used with information on mining and processing
costs established in the early days of operation to conduct a pit optimization
analysis. This will establish a revised pit depth and reserves. In general, the
increase in gold price over the last two years has improved the economics of
gold extraction so that open pit mines can operate at greater depths than the
planned Kearney pit. In addition to expanding knowledge of the Kearney vein, the
on-going drilling campaign will be testing other structures and carrying out
some sterilisation drilling."

The company had earlier announced that its production facility was scheduled to
undergo commissioning late in the second quarter of 2006, but outlined in June
that commissioning is now expected to take place during the third quarter of
2006. The operation is expected to have a capacity to produce 30,000 ounces of
gold per year when brought fully on stream and will be Ireland's only currently
operating gold mine.

OM-DD-06-02 Kearney
Vein
Grade Au
From m To m Width m g/t

24.04 24.19 0.15 19.00
45.65 46.05 0.40 10.36
46.87 48.07 1.20 7.40
50.19 50.65 0.46 7.72
53.66 54.24 0.58 16.44
54.24 54.41 0.16 46.72




OM-DD-06-03 Kearney
Vein
Grade Au
From m To m Width m g/t

32.63 32.75 0.12 9.80
32.75 33.28 0.53 23.32
33.28 33.36 0.08 8.24
33.36 35.03 1.67 10.80
35.03 35.64 0.61 6.16
35.64 35.8 0.16 23.16
37.89 38.28 0.39 3.09
38.74 39.44 0.7 3.83
41.65 42.1 0.45 3.74
42.33 43.05 0.72 12.00



Channnel Sample South Kearney
Line 24 Vein
From m To m Width m Grade Au g/t

1.23 1.54 0.31 5.40
1.54 1.87 0.33 39.72
1.87 2.15 0.28 84.68
2.15 2.46 0.31 94.38
2.46 2.86 0.4 9.68


Drill Hole OM-DD-06-01, located a km away from Kearney, and testing a
geophysical target, disclosed highly sheared basic rock barren of sulphide/gold
mineralisation.

A summary of the description of geology, mineral occurrences etc can be found
within Report 851a ACA Howe July 21st 2003, by Ewert, Armstrong & Langlands with
additional information in a Howe letter of 27th September 2004 by
Dr.C.Armstrong, both of which are filed on SEDAR.

I'm in.

KEAYDIAN,

Welcome, I think GAL will certainly reward the patient amongst us.

When I look at a company to invest in, management quality is paramount IMO, and GAL tick that box IMO.

Once minestart is confirmed, sometime in Q3, I think we will see a nice boost to the price.

When I visited the mine, a few weeks ago, preperations seemed well advanced, so I am confident they will more or less keep to this revised timescale.

Andy.

Thanks, looking forward to Q3.

;o)

Looks like I famous, yes the trade on GAL today is all mine.

KD.

GALANTAS GOLD CORPORATION
TSX Venture Exchange : GAL
London Stock Exchange AIM : GAL
14th July 2006

GALANTAS GOLD CORPORATION ANNOUNCES
PRIVATE PLACEMENT

The board of Galantas Gold Corporation ("Galantas") is pleased to announce a private placement pursuant to which
Galantas shall issue up to 12,800,000 Units of Galantas at $0.25 per Unit (the "Offering"), with an over-allotment of up
to an additional 1,200,000 Units at $0.25 per Unit (the "Over-Allotment Option"). The issue of up to 12,800,000 Units
of Galantas includes up to 2,000,000 Units for subscribers specifically identified by Galantas (the "President's List").
Each Unit will consist of one common share and one common share purchase warrant of Galantas. Each share purchase
warrant will entitle the purchaser to purchase one common share of Galantas at a price of $0.32 per share for a period
of twenty-four months from the date of the closing of the private placement. The shares will carry a 4 month minimum
hold period.

Under an engagement letter dated June 27, 2006, as amended, Union Securities Ltd. of Ontario, Canada ("Union"), agreed
to act as agent for the private placement pursuant to which Union shall receive 8% in cash commission based on Units
sold under the Offering and the Over-Allotment Option (excluding Units sold pursuant to the President's List) and 4% in
cash for Units sold pursuant to the President's List payable at closing. In addition, Galantas will issue to Union, at
closing, compensation options (the "Agent's Compensation Options") equal to 10% of all Units sold pursuant to the
Offering and the Over-Allotment Option (excluding Units sold pursuant to the President's List) and 5% of all Units sold
pursuant to the President's List. Each Agent's Compensation Option entitles the Agent to purchase one Unit of the
Company at $0.25 per Unit at any time prior to the date that is 24 months from the Closing Date.

The private placement is subject to the completion of final documentation and the approval of the TSX Venture Exchange.
It is anticipated that the date of the closing of the private placement will be on or about July 25, 2006. Galantas
will use the gross proceeds of the private placement to expand exploration and development of the Omagh Gold Project in
Northern Ireland. An application will be made to admit any new shares issued under the placing to trading on AIM on the
same day that they become eligible for trading on the TSX Venture Exchange

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for
dissemination in the United States, and does not constitute an offer of the securities described herein. These
securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform
Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such
various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will
prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of
this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts
are Canadian dollars unless otherwise noted.

The TSX Venture Exchange Inc. has neither approved nor disapproved the information herein contained.

Galantas Gold Corporation
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Moe Lavigne P.Geo - Vice President
Email:

info@galantas.com

Website:

www.galantas.com


Telephone: +44 (0) 2882 241100

Bishopsgate Communications Ltd.
Dominic Barretto, Nick Rome
Website:

www.bishopsgatecommunications.com


Telephone: +44 (0) 207 430 1600

ARM Corporate Finance Limited
Nick Harriss Telephone: +44 (0) 20 7512 0191

Lewis Charles Securities Limited.
David Scott Telephone: +44 (0) 20 7065 1150

Hey up!

Going up.

Keaydian,

Here is an interview with Roland Phelps on the Wall ST reporter, recorded 7/8/06.

Click HERE

http://www.wallstreetreporter.com/profile.php?id=19507#

Many thanks Andy.

Nothing happening, I'm jumping ship.

Price no doubt will rise as soon as the sell has been executed

Keaydian,

GAL is a longer term play IMO, and certainly not a trading share.

I don't expect anything to happen until October to be honest.

Except the interim results of course!

Click HERE

http://www.ceoclips.com/media/ceo_galanta_300.asx

Minesite.com feature GAL in their latest article.

Source click HERE


Minews Story Date: August 31, 2006

Galantas Gold Moves Towards Production Of Certified Irish Gold Jewellery.

By Jack Hammer.

Theres plenty of activity to be seen on Galantas Golds Omagh property in County Tyrone at the moment as the company gears up towards the stated aim of commissioning the mine by late summer and first cash flow by early autumn. Mill superintendent Andrew Warburton said on a site visit on 18th August that the plant should be up and running within six weeks. The clock is ticking on that, but most of the equipment is already in place, including a third generation mill plundered from the old Welsh Gold operations. Indeed the old British virtue of make do and mend is very much in evidence here as the shaft sinking kibble from Welsh Golds operations is here too, re-incarnated, with appropriate additional holes, as a ball mill discharge sump. Its all looking very spick and span, indeed the final licks of paint were being applied to the upper end of the gravity circuits even as Mr Warburton, and fellow directors Roland Phelps, Jack Gunter and Moe Levigne reminisced about the old Welsh Gold kit.

The Welsh Gold connection is a key plank in Galantas strategy. Once Omagh is up and running Galantas will use the free gold it can separate out in its new plant to supply a retail jewellery business where value will be added by attaching the label certified Irish gold to the product. How much impact this will have on the top line remains to be seen, but Roland Phelps, who founded and ran Welsh Gold, at least has experience in that sphere, which is more than can be said for most miners. AngloGold, which has been pressing for other companies in the gold mining business to move into marketing, to the extent of hosting elaborate gold-based fashion shows every Indaba, would no doubt approve.

But of course the key thing is to get the gold out in the first place. Omagh is not a new project. Rio Tinto worked the ground over in the 1980s under the watchful eye of Galantas chairman Jack Gunter who ran Rios operations in the area at that time. What caught Rios eye initially still remains a tantalising possibility for Galantas boulders running at three ounces per tonne gold, dislodged from an as yet undiscovered vein. Rio nosed around for a while, but pulled out during one of its many retrenching programmes. That left the field open for Jack Gunter to pick up the Omagh property for himself and eventually team up with Galantas.

According ACA Howe estimates the company currently has a proven and probable reserve on the main Kearney vein of 367,310 tonnes grading around 7.52 g/t gold at a width of 4.43 metres. That goes down to a depth of 37 metres, and gives just 88,000 ounces. Howe also estimates that theres an additional 1.18million tonnes grading just over 7 g/t down to a depth of 137 metres to give a further 293,000 ounces. However, four selectively mined bulk samples delivered grades in excess of 50 g/t, a discrepancy only partly explained by selectivity, dilution, and gold loss during original sampling. Inhomogeneous gold distribution is the most satisfactory explanation, as Moe Levigne, the grandly titled vice president of exploration concedes, we do have gold we cant account for. Its on that basis that he says, pointing to the plant, That brown building over there is our own truth machine. You really dont know what the economics will be until you get the throughput.

At the moment the cost estimates are production at US$150 per ounce, and the plan is to put 150 tonnes of ore per day through the plant. If the free gold content isnt high enough to feed the jewellery business the company will just reacquire gold from the concentrate once its been smelted at a smelter, the whereabouts of which has yet to be disclosed. Its a simple enough business plan, if small scale, and if its successful itll make Galantas the UKs one and only gold miner.


Companies featured in this Story
Galantas Gold Corp (TSX.V, AIM-GAL)

Latest pictures form the Kierney vein, Omagh minesite.

Production startup is imminent, by the end of October I believe.

Some more new photos have appeared on the website.

Fri September 22, 2006

Galantas Develops Omagh Gold Mine & Drills 10.05g/t Gold over 6.55m

--------------------------------------------------------------------------------

Galantas Gold Corporation, which is developing Irelands only gold mine at Omagh, Co.Tyrone, announces progress in building its processing plant and associated infrastructure. It also releases additional exploration results.

Highlights

Management expects commissioning to commence within one month.
Cash flow from the sale of flotation concentrate is expected in fourth quarter.
A weighted average grade of 16.25 g/t gold has been calculated over the 150m segment channel sampled in this programme on the 850m long Kearney vein.
Drill hole 06-6 carried an intercept of 10.05g/t gold over 6.55m
Mine Construction Progress

The process plant building is complete with internal floors and partitions. Flotation cells and tank superstructure have been installed. Process water & fresh water storage tanks are in place. Protective bunds for the concentrate thickener and diesel tank have been built and the concentrate thickener assembled and installed. The concentrate handling arrangement, with Perrin filter press, is complete. The tailings thickener, with skid-mounted steel bund, is fabricated and ready to be towed into place adjacent to the first paste cell. Fabrication works associated with the crushing circuit are expected to be completed in the next week. One generator is set up with work continuing on a second. The electrical wiring and plumbing of the plant is also well underway.

The recirculation (polishing) pond for final process water treatment and phase 1 paste cells for storage of thickened tailings have been excavated and berm walls are being constructed with materials screened on site. A fresh water storage pond, a channel for diverting a stream (Kerr Burn) away from the site and the main haulage road from mine to mill are completed.

Management expects that commissioning will commence within 1 month but cautions that unforeseen commissioning delays could occur. Cash flow from the sale of flotation concentrate is expected during the fourth quarter (Autumn).



Results of Exploration

The core drilling program already announced is continuing, the tenth hole in progress. Results of the first three holes were reported on 11th July 2006. Assays have been received for holes 06-4, 06-5 and 06-6 which were on the Kearney vein. Hole 06-4 missed the target, likely due to fault displacement.

Hole 06-5 had three significant intercepts at down hole depths of 23.37m, 64.28m and 86.0m producing the following results; 12.16 grams per tonne (g/t) gold over 37 cm, 20.00 g/t gold over 35cm and 41.92 g/t gold over 68cm.

Hole 06-6 carried an intercept of 10.05 g/t gold over 6.55 m (interpreted as 6.3m true width), including 39.04 g/t gold over 1m at a down-hole depth of 65.48m (interpreted as a 45m vertical depth). Assays for holes 06-7, 06-8 and 06-9 are pending.

Channel sampling has been carried out on part of the recently stripped southern portion of the Kearney ore-body that was not historically exposed. The channel sampling was also extended into areas previously historically sampled by Rio Tinto, to enhance mining grade control procedures. Some of this channel sampling has been carried out over parts of the Kearney Vein that were previously assigned indicated resource status and the work will permit this to be converted to reserve status in due course. The sampling includes channels cut under the supervision of ACA Howe and M.J. Lavigne. The channels were cut at intervals from 1 - 3m along the strike of the vein. Calculations used a cut-off grade of 3 g/t gold and a minimum mining width of 0.3m. Where grade exceeded 3 g/t at less than 0.3m width, grade was diluted to 0.3m.

A weighted average grade of 16.25 g/t gold has been calculated over the 150m segment sampled in this program on the 850m long Kearney vein. A more detailed sampling report is being prepared by ACA Howe.

The samples were taken and the drilling carried out under the supervision of M.J. Lavigne P.Geo, (Vice President, Galantas Gold Corp), the Qualified Person for the program. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed at OMAC Laboratory Ltd (an independent, certified CCRMP laboratory) in Galway, Ireland. Readers are referred to the ACA Howe Report (July 21,2003), filed October 30,2003 for general exploration, background, previous work and other information.

President & CEO Roland Phelps said, The team is close to achieving gold production at Omagh. With a continued exploration program to build resources, we expect to show that Ireland, with its secure licensing regime, is host to a significant gold camp.

Visitors to the Resource Investment Conference on September 24th and 25th at the Toronto Convention Centre are invited to hear the Galantas presentation in Workshop2 at noon on the 24th or meet management at booth 905.

plaudits to Ofex punter on ADVFN.




Amongst the string of junior mining companies, one that no doubt will appeal in particular to the Irish around the world is Galantas Gold, which is close to bringing its Omagh gold mine to production in Northern Ireland. The company is also unusual in that it plans to work any free gold recovered in its plant into its own design gold jewellery through a wholly-owned subsidiary company.

The Omagh deposit was initially looked at by Rio Tinto, which discarded it as it didn't meet its size requirements despite having considerable merit. For a junior mining company which can set up the operation at low cost as a relatively small scale, and high grade, gold mining operation, it is proving to be an attractive prospect.

Significantly, the original guiding light for the company, and chairman, is Jack Gunter, formerly in charge of exploration of the project for Rio's exploration arm, while the President and CEO, Roland Phelps, has also had experience with mining and adding value to gold production through the Gwynfynydd mine in North Wales, and its branded Welsh Gold, in the past.

On Friday, Phelps, said, "The team is close to achieving gold production at Omagh. With a continued exploration program to build resources, we expect to show that Ireland, with its secure licensing regime, is host to a significant gold camp."

The accompanying report went somewhat further saying that the company management expected its process plant to be commissioned within the next month and cash flow from concentrate sales is expected to be achieved in the fourth quarter.

Galantas also reported some further high grade channel samples and core drilling results which add a little more to the project's viability.

The material to be processed is relatively high grade by today's standards. Reserves and resources measured and indicated by drilling and trenching on the main Kearney orebody are around 1.5 million tonnes grading over 7 grams per tonne, with good prospect for expansion of reserves at depth and in a number of other already delineated mineralised areas inside the company's mining concession. The initial deposit to be mined is shallow it apparently can be worked by excavators without blasting and is small, but ideal for a junior company operation of the type planned. Indeed the company proposes to mine initially to a significantly higher grade than the defined ore tenor by raising the cut-off grade of mined material to help maximise early cashflow and profits.

Phelps is reported to have stated cost of production could be under US$150 per ounce of gold produced from its 52,500 tonne per year concentrator. Output is expected to be around 30,000 ounces per year (with about double that amount of silver). The orebody also contains lead. This production target suggests that the head grade to the concentrator will be in the order of 18-20 grams per tonne in the initial stages, which would have to be achieved through selective mining, although this might seemingly reduce the overall tenor of the remaining reserves.

The main gold/silver/lead sulphide flotation concentrate will be sold to smelters and a small gravity plant will be used to extract the free gold in the ore, with this going to the company's subsidiary, Galantas Irish Gold which is the jewellery design, manufacturing and marketing unit mentioned above. This free gold will be designed into certified, 18-carat Irish Gold jewellery and marketed directly to retail channels under the Galantas brand. Test marketing of Galantas Irish gold jewellery from gold extracted from bulk sampling was extremely successful.

Galantas has also floated on AIM to give it broader investor access. Its initial listing was on the TSE Venture Exchange.

Ireland has always encompassed legends about pots of gold maybe Galantas, which means 'elegant thing' in Gaelic will provide these but for a Canadian registered company rather than for the leprechauns of legend. Much will depend, though on defining further high grade reserves if the mine is to have a reasonable life.

http://metalsplace.com/metalsnews/?a=7217

Andy, this looks exciting in itself - and thanks for your contributions on HNR today.

I just wanted to ask if you have ever cast a glance at Ariana Resources (AAU). They are finding similar grades of gold in trenches (anywhere from 6 - 16 g/t Au, plus bits of Ag and Cu) in Turkey and are due to announce the results of deep drilling in late Nov. Market cap is currently very low at 6m and their resources and portfolio are potentially quite large.

Just a thought - make of it what you will :o)

Good luck with GAL too!
ST.

Soul,

Many thanks, I will take a look at AAu.


Gal have been on the TV today!


Click here

Whats driving this??

ellio,

Imminent announcement of minestart IMO.

At least that is the expectation, and it is due, so I'm hopefl we will hear soon.

POG is rising again, costs here are around $170 oz, so plenty of profit, and then there's the Ag and PB!

Nobody ever seems to mention those!, and the jewellery from the free gold, another handy little money spinner!

sounds good!!

ellio,

RNS out.


GALANTAS GOLD CORPORATION
TSX Venture Exchange: GAL
London Stock Exchange AIM: GAL
3rd November 2006

Galantas Gold Corporation - Share Trading Activity

The Board of Galantas has noted the increase in its share price. Galantas was covered by a British Broadcasting
Corporation (BBC) news report on Monday and Tuesday, October 30th and October 31st, 2006. The report also received
attention by other media. Increased share trading volumes have occurred since BBC published the report.

Galantas expects in the near future to announce commencement of commissioning of its Irish gold mine as was reported in
a press release issued September 22nd, 2006.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the
contents of this news release. This press release includes certain "Forward-Looking Statements" within the meaning of
the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There
can be no assurance that such statements will prove accurate. Results and future events could differ materially from
those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements".
Enquiries
Galantas Gold Corporation Telephone: +44 (0) 2882 241100
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Moe Lavigne P.Geo - Vice President
Email:

info@galantas.com

Website:

www.galantas.com

RNS out!




Galantas Reports Component Commissioning at Omagh Gold Project

TORONTO, ONTARIO, Dec 06, 2006 (MARKET WIRE via COMTEX News Network) --

Galantas Gold Corporation (the Company)(TSX VENTURE: GAL)(AIM: GAL), which is developing Ireland's only gold mine at Omagh, Co.Tyrone, announces progress in building its processing plant and associated infrastructure. It also releases additional exploration results.

Highlights

- Liner being installed on first paste cell.

- Plant components being commissioned.

- First flotation concentrate trials expected in December.

- Weighted average 17.49 g/t gold calculated for a 262 m segment channel sampled on the 850m long Kearney vein.

- Jewellery negotiations with a UK retail chain underway.

Mine Construction Progress

In addition to the items previously reported as complete (22nd September 2006), berm walls have been finished for the recirculation - polishing pond and the first paste cell. Liner and drainage mat have arrived on site. Two 3-4 days periods of dry weather are required to fit the lining to both of the structures. Delays occurred due to the insolvency of a previous lining contractor and failure to ship on time from the Spanish factory. Lining of the first paste cell commenced Monday 27th November 2006, continues and is subject to weather conditions. When complete, the paste cell will also temporarily act as a water storage and recirculation facility, permitting limited testing of the process plant, until the recirculation - polishing pond is lined.

Production generators and emergency generator are operational. Commissioning of individual items of equipment has commenced with primary crusher, conveyors, flotation cells and ball mill having been dry tested. The secondary crusher is being re-installed following modifications.

Management is focused on initial flotation plant trials (and the resulting sales of concentrate) during December but cautions that further delays due to start-up difficulties are possible.

Efforts to foresee start-up problems and ameliorate them have been made and an internal metallurgical audit assisted by independent professionals (GBM Minerals Engineering Consultants Ltd.) has been carried out in advance of commissioning and production. The study concluded that, "The process selected is in accordance with the results of test work and would be expected to produce satisfactory results technically but there are mechanical and electrical concerns regarding the capability of the facility to maintain a high degree of operating time". This is primarily due to lack of spare capacity, particularly of pumps. Management notes the concerns and considers that this situation is manageable with the addition of extra standby units and a budget is under development.

Results of Exploration

Further to a progress report released on September 22nd, detailed channel sampling at the southern end of the 850 metre long Kearney vein continued. The purpose is to obtain an estimate in that area which will be mined first, of the mill head grade that can be sustained in keeping with the selective mining method that will be practised.

A further 119 channel samples were taken at intervals along a 149 metre strike length. This segment is separated by 83 metres from a 30 metre channel sampled southern extension of the vein, results reported on April 5th and July 11th. Both sets of results were combined and, using a grade cut-off of 3.0 grammes gold per tonne and a width cut-off of 0.3 metres, a weighted average gold content, undiluted, calculated at 17.49 g/t plus silver at 51.53 g/t. The approximately 83 metre gap referred to represents the area of the mining trial carried out in 2000/2001 when 101.4 tonnes selectively mined returned 53.41 g/t gold and 50.53 g/t silver. (Mining Trial Reference : ACA Howe Report 851a filed October 30th 2003 on www.sedar.com).

The samples were taken by independent geologists under the supervision of M.J. Lavigne P.Geo, (Vice President, Galantas Gold Corp), the Qualified Person for the program. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratory Ltd (an independent, certified CCRMP & ISO 17025 laboratory) in Galway, Ireland.

Analytical results and their compilation remain pending for the diamond drill cores sampling the Elkin Vein and mining areas of the Kearney. The programme continues with one drill operating.

Jewellery Negotiations :

Negotiations have been held and are continuing with a major premium retail jewellery chain in the UK. The existing jewellery range has been freshened with new designs in anticipation of availability of new supplies of certified Irish gold in the early part of 2007.

Issued and Outstanding Shares total 157,851,855

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements".

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

ellio,

The grades look tasty!

Some key points from the above RNS IMO!


Management is focused on initial flotation plant trials (and the resulting sales of concentrate) during December but cautions that further delays due to start-up difficulties are possible.


a weighted average gold content, undiluted, calculated at 17.49 g/t plus silver at 51.53 g/t. The approximately 83 metre gap referred to represents the area of the mining trial carried out in 2000/2001 when 101.4 tonnes selectively mined returned 53.41 g/t gold and 50.53 g/t silver.


Analytical results and their compilation remain pending for the diamond drill cores sampling the Elkin Vein and mining areas of the Kearney. The programme continues with one drill operating.


Negotiations have been held and are continuing with a major premium retail jewellery chain in the UK.


The only small (IMO) negatives were the requirement for good weather in order to lay the plastic liner, which may cause a small delay as Ireland is a rainy country, and the lack of spares, although that issue is clearly being addressed.

I'm holding tight, can see huge multibag potential if it pays off, 50p target!!

ellio,

I agree, the jewellery has massive profit potential, and the silver and lead will also add decent sums to the bottom line.

ellio,

I see that around $1 million pa is expected from the silver and lead so that adds significantly to the bottom line.

In addition, the jewellery is going to be sourced from the free gold, so all the 30,000 ozs expected production is for bullion.

That means the jewellery sales and profit are not taken into account in the various broker notes that I have read, so again another addition to the bottome line, at very advantageous prices, far higher than that for bullion.

GAL have stated costs are due to be around $150 per oz, so if we allow $200, and gold averages $650 per oz in 2007, GAL are in for a substantial profit.

plaudits to ttnyrp on ADVFN for hosting this recent BBC article re GAL.

GAl on the radio!



http://www.bbc.co.uk/radio/aod/networks/fivelive/aod.shtml?fivelive/drive_wed

02:48:10 in the recording of this evening's show.

GAl on the radio!



http://www.bbc.co.uk/radio/aod/networks/fivelive/aod.shtml?fivelive/drive_wed

02:48:10 in the recording of this evening's show.

Times article, out with the Welsh, in with the Irish!

Click HERE

Good News just out

http://www.moneyam.com/action/news/showArticle?id=1700769

Now up 8.8 per cent in Canada - not moved in the UK yet!!

TSX:GAL

RNS - Production startup confirmed!



GALANTAS GOLD CORPORATION
TSX Venture Exchange: GAL
London Stock Exchange AIM: GAL

8th January 2007

First gold concentrate from Galantas production trial.

Galantas Gold Corporation (the Company) announces that it has produced the first
production trial flotation concentrate at its gold mine near Omagh, County
Tyrone. Galantas has a 100% interest in Ireland's only gold mine.

Highlights

First Trial Gold Flotation Concentrate
Lining to Paste Cell Complete
Lining to polishing pond complete

Mine Construction Progress

The first trial run of production of flotation concentrate was on 22nd December,
just prior to the Christmas shutdown. Minor adjustments have been made as a
result of the trial and the Company is pleased to report that first concentrate
has been produced.
Some works remain to be completed in the plant and some parts remain to be fully
tested. At least the first three months of operation are expected to be
irregular and slow as unforeseen difficulties are resolved.
The lining contractor has completed lining of the first paste cell and the
polishing pond. Final pipe-work is being placed.

Trading Update

The Company will not have sales of concentrate (the primary anticipated source
of revenue for the mine) in the financial year ending 2006. Concentrate sales
are anticipated in the first quarter of 2007.

Video of the first concentrate trials will be uploaded to the Company's website
at
www.galantas.com
.

Roland Phelps, President & Chief Executive Officer said, "I congratulate the
whole team at Omagh for achieving the first trial production gold flotation
concentrate. There is still more to do and I have confidence that the team will
continue to solve the difficulties ahead as they have done during the build.
This is a considerable achievement for a modestly capitalised company and is a
milestone for what I hope will be an important business for Ireland."

Issued and Outstanding Shares total 157,851,855

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of the contents of this news release. This press
release includes certain "Forward-Looking Statements" within the meaning of the
US Private Securities Reform Act of 1995. Other than statements of historical
fact, all statements are "Forward-Looking Statements" that involve such various
known and unknown risks, uncertainties and other factors. There can be no
assurance that such statements will prove accurate. Results and future events
could differ materially from those anticipated in such statements. Readers of
this press release are cautioned not to place undue reliance on these "Forward-
Looking Statements".

Enquiries:

Galantas Gold Corporation Telephone: +44 (0) 2882 241100
Jack Gunter P.Eng - Executive Chairman
Roland Phelps C.Eng - President & CEO
Moe Lavigne P.Geo - Vice President

Email: info@galantas.com
Website: www.galantas.com

As a follow up to post 84, Galantas had a mention on the BBC news this morning. Irish gold now seen as a replacement for Welsh gold mining which has all but dried up. Welsh mines in the final stages of closure. Gold still out there in the Welsh hills but too expensive to explore.

Mr Turbot,

Many thanks, all publicity is good news for GAL.

The closure of the Welsh mine makes the GAL Omagh mine the only producing gold mine in the British Isles.

Andy,

Thanks to you and your AIM three for 2007, have come on board for the ride on this one!

Looking good with this afternoons RNS stating that Omagh has proven ore reserves of 181,480 tonnes at 7.36 g/t Au with additional 185,830 tonnes of probable reserves at 7.68 g/t Au.

Ray A,

Welcome aboard!

I visited the mine last year, and I feel confident that the management team here will increase shareholder value over time.

The proven reserves will last five years at the initial rate of production, and I know they are planning to upgrade the probable, as well as defining new reserves amongst the 17 anomalies on their licence.

They also have silver and lead on the property, but this is never taken into account when calculating their value.

The jewellery side is a total unknown too, but the profit from selling the gold as jewellery rather than bullion is "obscene", and a deal with a quality retailer is key here IMO.

I think GAL will take a little time, but I expect a good year personally.

Andy,

Nice streak of blue today with some larger volume ending a useful 6% up. Must be just coincidence but a letter of mine re GAL was published in SHARES (last page) today. Nice to imagine "cause and effect" but ..................!

Ray A,

I wondered why the price had nudged up!

Nice and succinctly put IMO, I had the magazine but have been busy today so I had not seen your letter.

Ray A,

Another rise this morning, please write more letters!

The IC has twice the circulation of Shares Mag (hint!)

Andy,

Thanks for that. I might even try IC but leave it a short while for more news!

Have I started something? Seems too much of a coincidence but increased volume today with very little red and another 3.8% rise. What will Monday bring?

There seems to have been very little following of GAL in the popular financial press, OK, covered by Mining News, Resource Investor but BBC and Times were more on the general news story of Irish replacing Welsh. However, it was only through your 2007 AIM post that I looked into GAL and liked what I found! Their web page is quite presentable. I did suggest to SHARES but edited out of my letter, that they do a feature on GAL so maybe they will take that on board.

A little late but I made a 3rd purchase mid morning yesterday at 13.5p just before the main rise.

Hope to be at FDI AGM Mon, might see you there?

Ray A,

Yes I am planning to go.

I think the financial press will catch onto GAL when production start is confirmed, and when they announce the jewellery deal (hopefully).

Ray A,

Nice to meet you again the other day.

GAL have released some more drill results, and are as follows;

-----------------------------------------------------------------


30th January 2007


TSX Venture Exchange -"GAL"
London Stock Exchange AIM: GAL"



Galantas drills 27.42g/t gold at Kearney and 16.36g/t gold at Elkins.

Galantas Gold Corporation (the Company), which is developing Irelands only gold mine at Omagh, Co.Tyrone, announces additional results of core drilling at the Elkin and Kearney veins. A 422 m, 6 hole program on Elkin has been completed, and assay results for the first four holes were reported December 12th, 2006. The drill rig is currently drilling on the Kearney vein.

Highlights

14.36 g/t gold / 0.37 metres and 16.36 g/t gold / 0.6 metres on Elkin A, and B veins
7.87 g/t gold / 4.3 metres on Kearney vein, including 27.42g/t gold / 1 metre


Data generated by drilling the Kearney vein will be used to update the reserve-resource model which is being prepared by ACA Howe for release during the third quarter. In addition to in-fill and down-dip drilling, previously unrecognized on strike extensions of the Kearney multiple vein set are being investigated.

A plan for further drilling is being prepared for the Elkin Zone. The combination of shallow dipping mineralization and topography, as well as multiple veins favours building near surface resources.


ELKIN ZONE - CORE DRILLING RESULTS, January, 2007

Hole ID From (m) To (m) Width (m) Grade (g/t gold) Grade (g/t silver)Grade (% Lead)

OM-DD-06-12
38.90 / 39.27 / 0.37 / 14.36 / 29.15 / 2.53 / and
42.90 / 43.50 / 0.60 / 16.36 / 49.11 / 1.99 /

OM-DD-06-13
49.60 / 49.80 / 0.20 / 4.18 / 6.10 / 0.14

KEARNEY VEIN - CORE DRILLING RESULTS, January, 2007

Hole ID

OM-DD-06-14
110.00 / 114.30 / 4.30 / 7.87 / 46.95 / 2.03 /

including
113.30 / 114.30 / 1.00 / 27.42 / 170.84 / 6.52

*The angle between the vein and the drill hole is greater than 75 degrees therefore drilled width approximates true width.

The samples were taken by geological staff under the supervision of M.J. Lavigne P.Geo, (Vice President, Galantas Gold Corp), the Qualified Person for the program. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratory Ltd (an independent, certified CCRMP & ISO 17025 laboratory) in Galway, Ireland.

Mr. Lavigne said, It is rewarding to see poorly understood gold occurrences such as the Elkin blossom into something substantial.

Issued and Outstanding Shares total 157,851,855

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release. This press release includes certain Forward-Looking Statements within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are Forward-Looking Statements that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these Forward-Looking Statements.


Enquiries:



Galantas Gold Corporation

Jack Gunter P.Eng Executive Chairman

Roland Phelps C.Eng President & CEO

Moe Lavigne P.Geo Vice President

Email: info@galantas.com

Website: www.galantas.com

Andy,

Thanks! Yes good to meet on Mon, have looked at 20:20 and Minesite web pages. Incidentally, Tue am I came out of PDL and into BUR which I have been watching.

Back to GAL, this good news seems to have provoked some profit taking but buying picked up again yesterday. Maybe, Monday am will be a good opportunity to pick up some more?

Andy,

Yes, it did seem like a further buying opportunity again so went back in early this morning so hope I'm right! Got a fair bit sitting on this one now!

This news out last Friday pm seems to have been missed by most.
Looking very good for the future - a bargain at this sp

http://moneyam.uk-wire.com/cgi-bin/articles/20070420150000W2346.html

http://www.moneyam.com/action/news/showArticle?id=1916326

Looks to be on the move, broken downtrend!

Looks to be on the move, broken downtrend!

Exactly, but that was 3 years ago, more even, lost a bit on these, maybe time to get back-in, not sure?

I'm looking for a top mechanic with excavator, loader, dozer and all kind of mechanical repair. I want someone that can bring his expertise at no cost but I'm offering a 5% share of all the gold we can get. I'm an experienced operator but I can't do all the maintenance and repair needed for this kind of operation. We are looking at a mine with a cat loader and an old excavator to start with. Certainly some breakdown along the way will occur this is where we will need your expertise. You certainly cant built a house without a carpenter I guess the same apply when diging some dirt: You cant fix a machine without a mechanics. I'm a humble man with lots of ambition but I know I will need a mechanic when trouble shows up!!!Much more equipment will be added and more work will be needed from the mechanics. It.s a small income to start with but will become huge when all is in place... I'm only looking for experienced mechanics and the best one...this is a big gamble in someone's life so no wannabe we want a good mechanic that is able to risk a part of is life like we do and we want a good one. I hope this is the place find this guy!!! Gold Mining Equipment

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Atlantic Petroleum (NOK:ATLA)
imageAtlantic Petroleum is an exploration and production (E&P) company with oil and gas interests in the UK Continental Shelf, the Norwegian Continental Shelf, the Irish Continental Shelf, the Faroese Continental Shelf and the Netherlands. The Company has interests in around 40 licences containing over 50 fields, discoveries, prospects or leads. Furthermore, Atlantic Petroleum has partnerships with more than 20 international oil companies operating in North West Europe. The objective of Atlantic Petroleum is to develop offshore oil and gas potential in North West Europe on a commercial basis, and presently the Company engages in activities ranging from exploration, through appraisal, to development and production.

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With a focus on onshore or shallow offshore the company is focussing on discovered oil and gas which requires appraisal and development rather than an exploration-led strategy.

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Galantas Gold (AIM:GAL)

Galantas Gold Corporation is a public company, dual listed on the TSX Venture Exchange, located in Toronto and London's AIM market.Galantas owns and operates a producing open pit gold mine near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced by safe, low-toxicity processing and sold under contract to Xstrata Corporation.The mine has recently completed a 15,000 metre exploration program and due to the success of the program, this has now been extended to 18,000 metres. The mine is actively engaged in obtaining planning permits to continue to mine underground.

Speaker: Roland Phelps, CEO



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