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.

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.