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Pin to quick picksGalantas Gold Share News (GAL)

Share Price Information for Galantas Gold (GAL)

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Share Price: 8.50
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Omagh plant now operating on Kearney feed, says Galantas

Wed, 08th Aug 2018 13:06

(Sharecast News) - Galantas Gold Corporation reported on Wednesday that the Omagh gold-mine processing plant had commenced operating on feed from underground development of the Kearney gold vein.The AIM-traded firm said the processing plant had the benefit of a recent upgrade to some sections, and was expected to operate part-time until production stoping commenced, anticipated late in 2018 or early in 2019.It explained that stoping is the bulk mining of mineralised vein material between levels developed on vein.The plant operated a froth flotation system for the production of a gold-silver concentrate.Galantas said that process removed the sulphide minerals and gold, and concentrated them into a product suitable for smelter treatment.The concentrate was then exported, via Belfast port, to a smelter, with the process said to be "environmentally safe" and operating without the use of cyanide reagents."This is another important milestone successfully and safely achieved and I look forward to our expected ramp up in development production," said Galantas Gold president and chief executive officer Roland Phelps.
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IN BRIEF: Galantas Gold third quarter loss narrows on lower costs

Galantas Gold Corp - miner in Northern Ireland and Scotland - In the three months to September 30, net loss narrows 16% to CAD1.3 million from CAD1.6 million a year prior. Books no revenue either year but administrative expenses are reduced by 27% to CAD858,600 from CAD1.2 million.

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IN BRIEF: Galantas Gold drilling in Scotland exceeds expectations

Galantas Gold Corp - Mining company with interests in Northern Ireland and Scotland - Announces the results of the fifth exploration drill hole at the Gairloch project in Scotland. Says hole 23-GL-05 intersected 1.87 grams per tonne gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt and 7.06 g/t silver over 34.25 metres with new mineralization identified a further 100 metres at depth. Adds recent and historical drilling have identified a mineralized trend with a strike of over 1 kilometre and to a depth of 250 metres.

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IN BRIEF: Galantas Gold files technical report for Omagh gold project

Galantas Gold Corp - owner and operator of an open pit gold mine in County Tyrone, Northern Ireland - Further to announcement on July 18, company confirms it has filed on Sedar+ a national instrument 43-101 technical report ("NI 43-101") for an updated mineral resource estimate for the Omagh gold project in Northern Ireland. The NI 43-101 technical report includes the main Kearney and Joshua vein systems which have been updated on the basis of 42 additional drill holes and a complete review of the previous vein wireframe interpretations.

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CORRECT: Galantas Gold reports narrowed interim loss as costs reduce

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