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.

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



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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.

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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.