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.

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.

Directors present their latest plans regarding development and growth
An opportunity to talk directly to the companies and personally put forward your question
The chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions

WHO SHOULD ATTEND?



The evening exposes investors to companies that exhibit growth potential within dynamic industries. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Thursday 25th September 2014

Venue:

Novotel Tower Bridge, 10 Pepys Street, London EC3N 2NR

Evening timings:

18:00 - 18:30 Registration and coffee

18:30 - 20:30 Presentations

20:30 - 21:30 Drinks reception and canapés



Attendance is complimentary, but spaces are limited. REGISTER NOW to secure your place!

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.

Speaker: Ben Arabo, CEO

Azonto Petroleum (AIM:AZO)
imageAzonto Petroleum is an oil and gas company focussed on West Africa. The Company’s head office is in London, with a corporate office in Perth, Australia.
Azonto holds a 30.5% effective participating interest in the CI-202 block in Côte d’Ivoire, via its 35% owned affiliate Vioco Petroleum Limited (“Vioco”) and also has a 25.5% effective participating interest in the Accra Block, offshore Ghana via its 57% owned affiliate Azonto Ghana Limited.
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.

Speaker: Rob Shepherd, CEO
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



More companies to be announced

REGISTER NOW to secure your place!

Who Should Attend?Date:

Tuesday 30th June 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by: