Metals & Minerals News

Galantas appoints Micon to revise Cavanacaw MRE

Galantas Gold Corporation has appointed Micon International to produce a NI 43-101-compliant mineral resource estimate (MRE) for its Cavanacaw gold project in Omagh, Northern Ireland. DRILLING CAMPAIGN The Canadian company last year completed its largest exploration programme of more than 4,100 metres, since the 2014 resource estimate. The new MRE will also include drill results […]

Metals & Minerals News

Galantas appoints QME to develop Joshua vein access

Galantas Gold Corporation has appointed mining contractor QME to develop the access and exploration drives to the Joshua vein at its Cavanacaw gold project in Omagh, Northern Ireland. PROGRAMME The agreement with the Canadian company’s subsidiary Flintridge Resources Ltd will see QME begin 600 metres of underground development in January 2023 with completion due in […]

Finance Metals & Minerals News

Galantas to raise C$4m via private placement

Galantas Gold Corporation said it aimed to raise CAD$4 million (£2.56m) through a private placement for its operations at Cavanacaw gold mine in Omagh, Northern Ireland. USES The Canadian company added it would use the net proceeds to explore and develop the Joshua target, working capital and general corporate purposes. TERMS Galantas has entered into […]

Equipment & Logistics Metals & Minerals News

Galantas drilling shows dilation zones at Joshua-Kearney

Galantas Gold Corporation said its drill programme results had shown dilation zones at the Joshua and Kearney veins in Cavanacaw mine in Omagh, Northern Ireland. RESULTS The Canadian company’s 4,000m drill programme includes three holes drilled from the underground development at the Kearney vein. Hole FR-DD-22-UG-186 targeted a dilation zone within the Kearney vein and […]

Finance Metals & Minerals News

Galantas agrees further $530,000 from Ocean and extends £1m loan

Galantas Gold Corporation said it had signed a further loan agreement for US$530,000 and extended its current £1.06 million loan with Ocean Partners UK Ltd for the Cavanacaw mine in Omagh, Northern Ireland. USES The Canadian company said it would use the funds to development underground mining operations and for working capital. Ocean Partners offers […]