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.

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.