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.

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 ..................!