Galantas Gold Corporation is offering a non-brokered private placement of up to 5,555,555 units, each at C$0.36 to raise up to C$2 million. USES Each unit comprises one common share of the company and one common share warrant. Each warrant entitles the holder to purchase an additional common share at C$0.55 per share for a period of […]
Tag: Galantas Gold Corporation
Galantas to add potential 20,000 oz gold from lower levels at Cavanacaw
Galantas Gold Corp plans to extract a potential 20,000 ounces gold a year from the dilation zones at the lower levels of Cavanacaw mine in Omagh, Northern Ireland. MINERAL RESOURCE ESTIMATE The Canadian company, which said it still lacked qualified underground miners, has also completed its first drill hole from underground on a third vein […]
Galantas borrows £347,000 for Gairloch
Galantas Gold Corporation has agreed a £347,000 loan from major shareholder Melquart Ltd for the initial lease payment for the recently acquired Gairloch project in Scotland. TERMS The Canadian company is targeting the gold-bearing volcanogenic massive sulphide deposit on land owned by the Gairloch Estate in Wester Ross in the North-West Highlands. The loan is […]
Galantas notes further solid grades in Kearney vein
Galantas Gold Corporation reported further positive results for three holes drilled from underground platforms within the Kearney vein at Cavanacaw in Omagh, County Tyrone. TARGETS Hole FR-DD-22-UG-192, targeted within the northern dilation zone, intersected 6.2 g/t gold and 46.6 g/t silver over an 11.1m intersection. This includes a higher grade section of 22.5 g/t gold […]
Galantas expands into Scotland with Gairloch VMS project
Galantas Gold Corp has acquired exclusive rights to explore and develop the gold-bearing volcanogenic massive sulphide (VMS) deposit at Gairloch in Wester Ross, northwest Scotland. GAIRLOCH The project adds to the company’s existing Cavanacaw gold mine asset in Omagh, Northern Ireland. The 217 km² mineral licence, on land owned by the Gairloch Estate, covers the […]
Galantas agrees $800,000 sale of call options
Galantas Gold Corporation has entered into an agreement with Ocean Partners UK Ltd to sell call options on 6,000 oz gold over 12 months on behalf of the company for US$804,000. USES Ocean will sell the call options at 500 oz per month from February 2024 to January 2025 at a strike price of $1,775 […]