Galantas Gold Corporation said it had achieved some its the best results to date from the Kearney vein with potential to expand resource at Cavanacaw mine in Omagh, County Tyrone. KEARNEY VEIN Results are from three underground holes drilled in a 4,000m drilling programme. Hole FR-DD-22-UG-181 intersected 31.7 g/t Au and 58.5 g/t Ag over […]
Tag: Galantas Gold Corporation
Galantas receives C$3.2m in early warrant exercise
Galantas Gold Corporation raised CAD$3,212,666 (£1,865,462) in the early exercise of 6,323,333 warrants at an exercise price of CAD$0.40, with an additional 1,708,333 warrants exercised by insiders, CEO Mario Stifano and Ocean Partners USA Inc. SHAREHOLDERS The early exercise of warrants was by shareholders including Michael Gentile, Melquart Ltd and Eric Sprott. A total of […]
Galantas reports further high grade gold intersections at Cavanacaw
Galantas Gold Corporation intersected further high grade gold as the company evaluates an expansion of resources at its Cavanacaw gold project in Omagh, Northern Ireland. JOSHUA VEIN The Canadian miner is conducting a 4,000m drill programme at the site. Hole FR-DD-21-175, drilled from surface targeting the Joshua vein, intersected 17.4 g/t gold, 74.6 g/t silver […]
Galantas signs $1.06m loan with Ocean Partners
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 […]
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. […]