Flintridge Resources Ltd was fined £120,000 after pleading guilty to exposing mine workers to risks from rock fall and drowning in Cavanacaw gold mine near Omagh, Northern Ireland. UNSTABLE In mid-November, the Health and Safety Executive Northern Ireland (HSENI) prosecuted the company at Dungannon Crown Court for health and safety failings. “In July 2018, mine […]
Tag: Galantas Gold Corporation
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 […]
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 […]
Galantas receives C$264,333 via warrant exercise
Galantas Gold Corporation received C$264,333.60 (£174,000) from the early exercise of 700,000 warrants at C$0.33 and 83,334 warrants at C$0.40 by investor Ocean Partners UK Ltd. Following admission, Ocean Partners will have a 4,116,668 common shares representing 4% of the company’s issued share capita. The number of common shares in issue in the Canadian miner […]
Galantas feels cost pressures but cuts losses
Galantas Gold Corp has reduced losses but recorded no sales revenue as it experiences pressure from fuel, energy and labour costs at its gold mine at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for Q2 2022 showed net loss as CAD$1,580,168 (Q2 2021: $2,888,568). Galantas made a cash loss from operating activities […]
Galantas increases private placement target to C$6m
Galantas Gold Corporation said it had signed an amending agreement to increase the size of its proposed private placement of raising CAD$4 million to up to $6m (£3.9m). UNITS The deal is with Canaccord Genuity Corp, on behalf of itself and a syndicate of agents including Cormark Securities Inc. and Research Capital Corporation. The Canadian […]