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Last $0.08 USD
Change Today 0.00 / 0.00%
Volume 0.0
GALKF On Other Exchanges
As of 4:30 PM 08/10/15 All times are local (Market data is delayed by at least 15 minutes).

galantas gold corp (GALKF) Snapshot

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galantas gold corp (GALKF) Details

Galantas Gold Corporation engages in the acquisition, exploration, and development of gold properties primarily in Omagh, Northern Ireland. It owns and operates a producing open pit gold mine near Omagh, County Tyrone. The mine also produces silver and lead by-products. The company was formerly known as European Gold Resources Inc. and changed its name to Galantas Gold Corporation in May 2004. Galantas Gold Corporation is based in Toronto, Canada.

6 Employees
Last Reported Date: 08/27/15

galantas gold corp (GALKF) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: C$363.8K
Chief Financial Officer
Total Annual Compensation: C$72.2K
Compensation as of Fiscal Year 2014.

galantas gold corp (GALKF) Key Developments

Galantas Gold Corporation Releases High Grade Gold Results from an Exploration Program Close to the Boundary of the Omagh Gold Mine, County Tyrone, Northern Ireland

Galantas Gold Corporation announced high grade Gold results from an exploration program close to the boundary of the Omagh Gold Mine, County Tyrone, Northern Ireland. The discovery of high grade boulders of 30.4 g/t,34.4 g/t, 39.4 and 44.3 g/t Gold (float) around 40 metres from the Sharkey vein was reported on October 6, 2014. It was considered that as the boulders were of a comparatively large size, they were derived from a local source. Further exploration now has been carried out in this vicinity. One outcrop and an associated boulder were discovered and grab samples (numbers 95 & 96) have been taken. Results are 67.5 g/t Gold, 81.2 g/t Silver and 24.2 g/t Gold, 6.8 g/t Silver. Some 540 metres to the east, near Discovery vein, an additional outcrop was grab sampled. Analysis gave results of 11.8g/t Gold and 19.9 g/t Gold. The Joshua vein has been drilled to a comparatively shallow depth. The deepest core, which was in the central section, discovered 8.4 g/t Gold, over 4.5 metres true width, at 160.6 metres below surface. In the south, at 113 metres below surface, a core was recovered which recorded 21.2 g/t Gold over 1.1 metres true width. A core drilling program, with two rigs, will start in September 2015, with the aim of identifying Joshua vein at depth some 100-150 metres below the present known extent.

Galantas Gold Corporation Announces Encouraging Follow Up Results to its Early Stage Exploration Program on its New Licence Areas in the Republic of Ireland

Galantas Gold Corporation announced encouraging follow up results to its early stage exploration program on its new licence areas in the Republic Of Ireland (ROI). This ROI licence block lies approximately 33 kms from the Galantas Omagh Gold-Mine, which received planning permission to extend underground in June 2015. Previous fieldwork, in licence number 4034, with results published June 22nd 2015, showed gold grades in grab samples of 1.6, 1.9 and 2.5 grams per tonne (g/t), within stream sediments. Recent follow up prospecting focussed on the distinct magnetic and conductivity anomalies situated directly east, in PL 3235. The source of the gold has yet to be identified but a cluster of strongly anomalous results for Chromium and Nickel were found in outcrop, float rock and stream sediments. Results range from 1800 g/t to 1960 g/t Nickel (Ni) and 1680 g/t to 1760 g/t Chromium (Cr) in float grab samples. Anomalous Ni and Cr in outcrop grab samples ranged from 2040 g/t to 2050 g/t Ni and 1770-2020 g/t Cr (2040 g/t approximates to 0.2%). A high Magnesium content was noted amongst those samples enriched with Nickel and Chromium. Rocks and gouge material are believed to derive from a mafic intrusion. Approximately 1.5 km south-west of the geophysical anomalies, raised values for Copper (3430 g/t) and Silver (3 g/t) were identified in outcrop. Another adjacent licence, number 2315, yielded anomalous gold results for two, sieved, un-panned sediment grab samples within streams associated with a major fault. Results ranged from 0.2 g/t to 0.9 g/t gold. The anomalous gold results are further supported by panned stream sediments.

Galantas Gold Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Galantas Gold Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, company reported revenue was CAD 13,774. Loss before the undernoted was CAD 100,882 against CAD 99,446 a year ago. Net loss for the period was CAD 708,757 or CAD 0.01 per basic and diluted share against CAD 296,603 or CAD 0.00 per basic and diluted share a year ago. Cash loss from operating activities before changes in non-cash working capital was CAD 457,670 against CAD 450,143 a year ago. For the six months, company reported revenue was CAD 14,897. Loss before the undernoted was CAD 184,653 against CAD 176,680 a year ago. Net loss for the period was CAD 1,122,856 or CAD 0.01 per basic and diluted share against CAD 798,703 or CAD 0.01 per basic and diluted share a year ago. Cash loss from operating activities before changes in non-cash working capital was CAD 958,758 against CAD 969,676 a year ago. Net cash used in operating activities was CAD 290,712 against CAD 713,332 a year ago. Purchase of property, plant and equipment was CAD 85,995 against CAD 68,534 year ago.


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