Galantas Gold Corporation has entered into a loan agreement for US$1.06 million (£800,000) with Ocean Partners UK Ltd for working capital and Cavanacaw gold mine in Omagh, Northern Ireland. TERMS Galantas said in a statement that the loan would carry an interest at an annual rate of 10% and is payable six months from the […]
Tag: Cavanacaw mine – Omagh – Northern Ireland
Galantas to start gold production at end of Q1 at Cavanacaw
Galantas Gold Corporation said it expected to start production at the end of Q1 2022 at its gold mine in Cavanacaw, Omagh, Northern Ireland. GUIDANCE The Canadian company is targeting 9,000 ounces of gold in concentrate produced at an average head grade of 5.50 g/t at an all in sustaining cost (AISC) of US$1,150 per […]
Galantas identifies potential dilation zone in Joshua vein
Galantas Gold Corp has identified potential greater widths of mineralisation as it announced further high grade results from its 4,000m drill programme at Cavanacaw mine in Omagh, Northern Ireland. INTERSECTIONS The Canadian company is increasing high-grade resources at the Joshua and Kearney veins, which remain open on strike and to depth, while also producing gold. […]
Galantas encouraged by new Cavanacaw surveys
Galantas Gold Corporation said that new geophysical surveys indicated the potential presence of gold-bearing structures near the Cavanacaw gold mine in Omagh, Northern Ireland. TEST GRIDS The company recently conducted induced polarisation (IP) gradient array surveys close to the mine to determine the value of the gradient array method not previously tried in the area. […]
Galantas narrows quarterly losses at Cavanacaw gold mine
Galantas Gold Corporation reported a net loss of US$1,173,276 for the third quarter of 2021, lower than Q2, for its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES In its unaudited third quarter results ended 30 September 2021, the Canadian company said that the loss, compared with Q3 2020: $776,956, was mainly due to […]
Galantas lists on OTCQX to attract US investors
Galantas Gold Corporation announced that its common shares have qualified to trade on the OTCQX® Best Market (OTCQX) for its operations at Cavanacaw mine in Omagh. US INVESTORS The Canadian company’s chief executive and director Mario Stifano said that the OTCQX listing in the United States marked an important milestone for the company. “Our decision to cross-trade […]