Galantas Gold Corporation has awarded 3,175,000 incentive stock options on the company’s common shares to its directors, employees and consultants. The options, which have an exercise price of C$0.23 and expire on 29 April 2029, were granted in accordance with the Canadian company’s incentive stock option plan and approved by the board on 23 April. One […]
Tag: Galantas Gold Corporation
Galantas Gold halves net losses
Galantas Gold Corp has halved its net losses while it still has to post a commercial revenue from the Cavanacaw mine in Omagh, County Tyrone. FINANCES Net loss for the year ended 2023 totalled approximately CA$8.6 million compared with $16.7m the previous year. The Canadian company recorded an impairment of $3.6m (2022: $10m) along with […]
Galantas hints at wider potential gold district
Galantas Gold Corporation survey results identified an undrilled target which could reveal the wider potential of the gold district around Cavanacaw mine in Omagh. CORNAVARROW The Canadian company has also received permission to drill eight boreholes from three locations within the mine site, which will target a southern portion of the main Joshua vein. In […]
Galantas cancels shares-warrants for marketing firms
Galantas Gold Corporation has cancelled shares and warrants issued to two marketing companies instead of payment in cash on order of the TSX Venture Exchange. CHIEF EXECUTIVE In March 2023 the company engaged Grit Capital Corp for 26 weeks to conduct advertising campaigns for a fee of US$65,000 plus HST*. Galantas paid Grit an initial […]
Galantas sampling targets new Gairloch mineralisation
Galantas Gold Corporation aims to find new mineralisation in the Gairloch Schist belt by establishing the geochemical signature of its Kerry Road deposit in Wester Ross. VMS DEPOSIT The Canadian company previously said that its July 2023 drill results showed the potential for a district-scale polymetallic project at the site. Galantas will determine the location […]
New zones of mineralisation identified at Gairloch gold project
High grade potential and new zones of mineralisation have been identified from recent exploration drill results at the Gairloch gold project’s Kerry Road deposit. MINERALISED TREND Galantas Gold Corporation’s fifth hole 23-GL-05, targeting a geophysical anomaly, intersected 1.87 g/t gold, 1.17% copper, 1.20% zinc, 131 g/t cobalt and 7.06 g/t silver over 34.25 metres. Drilled […]