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Galantas Gold - Irish gold miner - Jewellery production. (GAL)     

Andy - 02 Oct 2005 10:19



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!

splashcorp.jpg


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


Chart.aspx?Provider=EODIntra&Code=GAL&Si


UK investors visit the Galantas Minesite 26th May 2006.


Ray A - 22 Jan 2007 18:19 - 90 of 106

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.

Andy - 24 Jan 2007 00:19 - 91 of 106

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.




Ray A - 25 Jan 2007 17:28 - 92 of 106

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

Andy - 26 Jan 2007 08:44 - 93 of 106

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.

Andy - 26 Jan 2007 10:54 - 94 of 106

Ray A,

Another rise this morning, please write more letters!

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

Ray A - 26 Jan 2007 17:34 - 95 of 106

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?


Andy - 28 Jan 2007 17:44 - 96 of 106

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).

Andy - 03 Feb 2007 09:56 - 97 of 106

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

Ray A - 03 Feb 2007 20:14 - 98 of 106

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?

Ray A - 05 Feb 2007 19:44 - 99 of 106

Andy,

Yes, it did seem like a further buying opportunity again so went back in early this morning so hope I'm right! Got a fair bit sitting on this one now!

ellieh - 25 Apr 2007 13:22 - 100 of 106


This news out last Friday pm seems to have been missed by most.
Looking very good for the future - a bargain at this sp

http://moneyam.uk-wire.com/cgi-bin/articles/20070420150000W2346.html

http://www.moneyam.com/action/news/showArticle?id=1916326

ellio - 26 Jun 2007 09:42 - 101 of 106

Looks to be on the move, broken downtrend!

BAYLIS - 05 Jan 2011 20:19 - 102 of 106

Looks to be on the move, broken downtrend!
Chart.aspx?Provider=EODIntra&Code=GAL&Si

ellio - 11 Jan 2011 08:37 - 103 of 106

Exactly, but that was 3 years ago, more even, lost a bit on these, maybe time to get back-in, not sure?

jimmyjjohn - 02 Sep 2013 05:27 - 104 of 106

I'm looking for a top mechanic with excavator, loader, dozer and all kind of mechanical repair. I want someone that can bring his expertise at no cost but I'm offering a 5% share of all the gold we can get. I'm an experienced operator but I can't do all the maintenance and repair needed for this kind of operation. We are looking at a mine with a cat loader and an old excavator to start with. Certainly some breakdown along the way will occur this is where we will need your expertise. You certainly cant built a house without a carpenter I guess the same apply when diging some dirt: You cant fix a machine without a mechanics. I'm a humble man with lots of ambition but I know I will need a mechanic when trouble shows up!!!Much more equipment will be added and more work will be needed from the mechanics. It.s a small income to start with but will become huge when all is in place... I'm only looking for experienced mechanics and the best one...this is a big gamble in someone's life so no wannabe we want a good mechanic that is able to risk a part of is life like we do and we want a good one. I hope this is the place find this guy!!! Gold Mining Equipment

Bullshare - 15 Sep 2014 16:15 - 105 of 106

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.

Directors present their latest plans regarding development and growth
An opportunity to talk directly to the companies and personally put forward your question
The chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions

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The evening exposes investors to companies that exhibit growth potential within dynamic industries. Perfect for existing investors as well as those looking for new investment opportunities.

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Venue:


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Evening timings:

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Attendance is complimentary, but spaces are limited. REGISTER NOW to secure your place!

Atlantic Petroleum (NOK:ATLA)

imageAtlantic Petroleum is an exploration and production (E&P) company with oil and gas interests in the UK Continental Shelf, the Norwegian Continental Shelf, the Irish Continental Shelf, the Faroese Continental Shelf and the Netherlands. The Company has interests in around 40 licences containing over 50 fields, discoveries, prospects or leads. Furthermore, Atlantic Petroleum has partnerships with more than 20 international oil companies operating in North West Europe. The objective of Atlantic Petroleum is to develop offshore oil and gas potential in North West Europe on a commercial basis, and presently the Company engages in activities ranging from exploration, through appraisal, to development and production.

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Azonto Petroleum (AIM:AZO)

imageAzonto Petroleum is an oil and gas company focussed on West Africa. The Company’s head office is in London, with a corporate office in Perth, Australia.
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With a focus on onshore or shallow offshore the company is focussing on discovered oil and gas which requires appraisal and development rather than an exploration-led strategy.

Speaker: Rob Shepherd, CEO
Galantas Gold (AIM:GAL)

Galantas Gold Corporation is a public company, dual listed on the TSX Venture Exchange, located in Toronto and London's AIM market.Galantas owns and operates a producing open pit gold mine near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced by safe, low-toxicity processing and sold under contract to Xstrata Corporation.The mine has recently completed a 15,000 metre exploration program and due to the success of the program, this has now been extended to 18,000 metres. The mine is actively engaged in obtaining planning permits to continue to mine underground.

Speaker: Roland Phelps, CEO



More companies to be announced

REGISTER NOW to secure your place!

Bullshare - 24 Jun 2015 09:26 - 106 of 106

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.

Directors present their latest plans regarding development and growthAn opportunity to talk directly to the companies and personally put forward your questionsThe chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions
Who Should Attend?
The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.
Date:

Tuesday 30th June 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:
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Registration and coffee
18.30 
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• Nick Jefferies, Group Chief Executive - Acal (ACL)
• Kerim Sener, MD - Ariana Resources (AAU)
• Roland Phelps, President & CEO - Galantas Gold Corporation (GAL)
• David Hornsby, CEO - Ideagen (IDEA)
20.30 
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21.30 
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Attendance is free, but spaces are limited. Register now to secure your place!
Acal (ACL)
Acal (ACL) 
Acal designs, manufactures and distributes customer-specific electronic products and solutions. Listed on the London Stock Exchange (LSE: ACL) and supplying around 25,000 industrial companies, Acal works across a wide range of technology areas, including power & magnetics, communications & sensors, imaging & photonics  and embedded computers & displays.
 
Acal's market proposition is unique. 80% of Acal's products are customer-specific and technologically complex, helping industrial companies innovate and solve technological challenges.  40% of Acal's revenues come from design and manufacturing.
Ariana Resources (AAU)
Ariana Resources (AAU) 

Ariana Resources plc is an AIM-listed gold exploration and development company. Ariana's advanced projects are located in western Turkey.  Production is currently scheduled to start on the Red Rabbit Gold Project following receipt of permits in 2015.  Ongoing exploration is fulfilled through our own work in western Turkey, via joint venture (Eldorado Gold) and strategic investment (Tigris Resources).  Ariana is spearheaded by an experienced management team, which aims to discover and develop new gold mines.

Galantas Gold Corporation (GAL)
Galantas Gold Corporation (GAL) 

Galantas Gold Corporation is a public company, dual listed on the TSX Venture Exchange, located in Toronto and London's AIM market.

Galantas owns and recently operated a producing open pit gold mine near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced by safe, low-toxicity processing and sold under contract to Xstrata Corporation. The mine has now received planning permits to continue to mine underground. The mine has completed part of a drilling exploration program with a significant increase in resources discovered. 

Ideagen (IDEA)
Ideagen (IDEA) 

Ideagen Plc is a supplier of compliance based Information Management software with operations in the UK and the United States. We specialise in eGRC (Enterprise Governance, Risk and Compliance) and Healthcare solutions for organisations operating within highly regulated industries. As authors of an excellent portfolio of software products, Ideagen is able to provide complete content lifecycle solutions that enable organisations to meet their Regulatory and Quality Compliance standards, helping them to reduce costs and improve efficiency.

Our Mission Statement is: “To enable our clients to improve their organisations by providing the tools which can help improve customer service, increase efficiency, reduce risk, enhance compliance, and lower costs".

Sponsored by:
AJ Bell Youinvest
London Stock Exchange
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