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,

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

Ray A,

I wondered why the price had nudged up!

Nice and succinctly put IMO, I had the magazine but have been busy today so I had not seen your letter.

Ray A,

Another rise this morning, please write more letters!

The IC has twice the circulation of Shares Mag (hint!)

Andy,

Thanks for that. I might even try IC but leave it a short while for more news!

Have I started something? Seems too much of a coincidence but increased volume today with very little red and another 3.8% rise. What will Monday bring?

There seems to have been very little following of GAL in the popular financial press, OK, covered by Mining News, Resource Investor but BBC and Times were more on the general news story of Irish replacing Welsh. However, it was only through your 2007 AIM post that I looked into GAL and liked what I found! Their web page is quite presentable. I did suggest to SHARES but edited out of my letter, that they do a feature on GAL so maybe they will take that on board.

A little late but I made a 3rd purchase mid morning yesterday at 13.5p just before the main rise.

Hope to be at FDI AGM Mon, might see you there?

Ray A,

Yes I am planning to go.

I think the financial press will catch onto GAL when production start is confirmed, and when they announce the jewellery deal (hopefully).

Ray A,

Nice to meet you again the other day.

GAL have released some more drill results, and are as follows;

-----------------------------------------------------------------


30th January 2007


TSX Venture Exchange -"GAL"
London Stock Exchange AIM: GAL"



Galantas drills 27.42g/t gold at Kearney and 16.36g/t gold at Elkins.

Galantas Gold Corporation (the Company), which is developing Irelands only gold mine at Omagh, Co.Tyrone, announces additional results of core drilling at the Elkin and Kearney veins. A 422 m, 6 hole program on Elkin has been completed, and assay results for the first four holes were reported December 12th, 2006. The drill rig is currently drilling on the Kearney vein.

Highlights

14.36 g/t gold / 0.37 metres and 16.36 g/t gold / 0.6 metres on Elkin A, and B veins
7.87 g/t gold / 4.3 metres on Kearney vein, including 27.42g/t gold / 1 metre


Data generated by drilling the Kearney vein will be used to update the reserve-resource model which is being prepared by ACA Howe for release during the third quarter. In addition to in-fill and down-dip drilling, previously unrecognized on strike extensions of the Kearney multiple vein set are being investigated.

A plan for further drilling is being prepared for the Elkin Zone. The combination of shallow dipping mineralization and topography, as well as multiple veins favours building near surface resources.


ELKIN ZONE - CORE DRILLING RESULTS, January, 2007

Hole ID From (m) To (m) Width (m) Grade (g/t gold) Grade (g/t silver)Grade (% Lead)

OM-DD-06-12
38.90 / 39.27 / 0.37 / 14.36 / 29.15 / 2.53 / and
42.90 / 43.50 / 0.60 / 16.36 / 49.11 / 1.99 /

OM-DD-06-13
49.60 / 49.80 / 0.20 / 4.18 / 6.10 / 0.14

KEARNEY VEIN - CORE DRILLING RESULTS, January, 2007

Hole ID

OM-DD-06-14
110.00 / 114.30 / 4.30 / 7.87 / 46.95 / 2.03 /

including
113.30 / 114.30 / 1.00 / 27.42 / 170.84 / 6.52

*The angle between the vein and the drill hole is greater than 75 degrees therefore drilled width approximates true width.

The samples were taken by geological staff 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.

Mr. Lavigne said, It is rewarding to see poorly understood gold occurrences such as the Elkin blossom into something substantial.

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

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

Andy,

Thanks! Yes good to meet on Mon, have looked at 20:20 and Minesite web pages. Incidentally, Tue am I came out of PDL and into BUR which I have been watching.

Back to GAL, this good news seems to have provoked some profit taking but buying picked up again yesterday. Maybe, Monday am will be a good opportunity to pick up some more?