Galantas Gold Share Discussion Threads

[tomkil] 06/9/2013 10:01

up 54% just warming up

[tomkil] 06/9/2013 09:59

anybody on board this potential multibagger?

[tomkil] 06/9/2013 09:56

this could go to 4p easy when the momentum kicks in.

[tomkil] 06/9/2013 09:55

about to take off!

[tomkil] 06/9/2013 09:35

looks like GAL is about to take off. momentum building!

[tomkil] 06/9/2013 09:26

up 18%. Is this going to do a Solomon gold number?

[troggy1969] 01/9/2013 22:13

Looks like there's lots of work to do it this is ever going to go. It's the geotech drilling that will be critical to get the design finalised.

[bamboo2] 01/9/2013 19:24

12 page document outlining the problems for the planning authority in progressing the mine application and decision, dated 15 August 2013.



click on 'associated documents', then 'Additional Documentation' [dated 21 August 2013]

[nmf777] 30/8/2013 09:45

Nat, my interpretation is the same as yours - the uncertainty is around the likely timing of the permission, not the permission itself

[spaceparallax] 30/8/2013 09:43

The problem with GAL is that they continue to stumble from one excuse to another - if they are to remain viable it is essential that they get a grip on operations and begin to show some sign of consistent progress towards profitability.

[nat hart] 30/8/2013 09:21

Not a bad set of figures in my opinion and they could have been worse I think. This paragraph is very interesting ....

Roland Phelps, President & CEO, Galantas Gold Corporation, commented, "The Company continues to work with Planning Service and consultees to achieve underground planning consent. The time-line for this is undefined because it is the hands of other parties. The company has a reasonable expectation that it will be achieved before the end of the year but this remains uncertain. Meanwhile, there is a supply of low grade material available for milling. Further efficiency changes and reductions in manpower have continued to reduce costs and further cost reductions are planned. We look forward to updating shareholders in due course."

So ...... The company has a reasonable expectation that (Planning permission for an underground mine) will be achieved before the end of the year but this remains uncertain.

So is Roland uncertain as to whether we will get planning permission for an underground mine or as I read it whether we will get it by the end of the year.

In the meantime positive cash flow from low grade resource will continue.

[bahamasoil] 29/8/2013 09:13

Last year Interim results were issued late August.

I assume the Kenglo Warrants have expired and that has triggered the Strategic Review.

Great news on the latest grades for Joshua, but we need an update on planning and Northern Ireland's government to come out in favour of jobs and underground mining as they have for Dalradian.

hxxp://www.dalradian.com/investor-centre/news-releases/news-releases-details/2013/Northern-Ireland-Government-Confirms-No-Environmental-Statement-Required-for-Dalradians-Curraghinalt-Gold-Project/default.aspx

[brasher2] 28/8/2013 11:36

Let's see what the Canadians do. It was over 200% at one time yesterday. Could be a late surge today. At least we our increase was based on excellent RNS and not just fresh air as seems to be the case these last few days

[tomkil] 28/8/2013 11:21

I have been following this stock for nearly 1 year trying to time my entry at the bottom, yesterday's RNS was the turning point for me and bought my self a tidy lump and have been adding since.

My price target is 12p

[spaceparallax] 28/8/2013 10:08

just spotted the recent core analysis - at long last a bit of good news.

[nat hart] 28/8/2013 08:34

Bageo ... thank you.

troggy ... I note your usual negative stance, but personally I do think this could attract the attention of a major player or two.

These results are outstanding and a quick look at Condor in Nicaragua gives you some idea of what market cap we could have with a few more results to back this up. We are talking world class imo.

Remember we are only using one in house drilling rig at this time.

Incidentally I think we already have some pretty outstanding drilling results at shallower levels.

Altogether a very satisfactory RNS

no advice intended. DYOR

[rocket fuel] 28/8/2013 08:08

are we going for 4p today chaps?

[troggy1969] 27/8/2013 23:52

This should generate interest but my issue is the depth would require an underground operation.

An intensive drilling program will be required to prove there is more than a single orebody which is narrow and relatively low grade for an underground operation plus raising the capital for the drilling prior to more capital for an underground mine will be a challenge.

Hopefully the next results will be from shallower drilling that is possible to turn into a opertional mine with the current mining fleet and minimal capital.

[letmepass] 27/8/2013 22:25

Hopefully with the 200% rise on the candian side we can get another 100% before friday. Great RNS.

[bageo] 27/8/2013 22:23

Nat
A good starting point is the 1m @ 3g/t that is used in table 11 of the recent 43-101 report, (more detail on cut-off for modelling are given elsewhere using 0.9m @ 2.5g/t) this is a reasonable width and grade for underground mining. This Joshua result and others are well in excess of this and hence lift average grade and contained gold.

Also resource grades for Joshua are in the range 4.92g/t-6.45g/t (measured-inferred) so Core 147 at 12.4g/t is well above this and over a good width. Higher grade sweet spots really add value.

A useful consideration is grade x width (g/t x metres) as this gives a measure of the amount of mineralisation. i.e. 0.1m at 10g/t has the same contained gold as 1m at 1g/t

core147 34.72g-m
core 103 37.8g-m
core 114b 7.15g-m
core 123 23.75g-m

[brasher2] 27/8/2013 17:13

Gold prices rising still. This should see another rise over the coming days. All gold sectors are up

[nat hart] 27/8/2013 15:00

Seems Joshua could be a game changer here. We need someone like Fordtin to give us some translation into numbers. Any chance Fordtin? Off the board is fine.

Good time for the gold price to be showing signs of recovery too. Could be a turning point at last in the fortunes of Galantas.

[langster] 27/8/2013 14:54

RNS Number : 5016M

Galantas Gold Corporation

27 August 2013

GALANTAS GOLD CORPORATION

TSXV and AIM: Stock Symbol - 'GAL'

GALANTAS DRILLS 2.8 METRES HIGH GRADE GOLD ON JOSHUA VEIN

Date : 27th August 2013. Galantas Gold Corporation (the 'Company'), the AIM and TSXV quoted gold producer and explorer with a 100% interest in Ireland's only operating gold mine, has received a core drilling result from its Omagh Gold Property, near Omagh, County Tyrone, Northern Ireland.

Core 147 was drilled on the Central Joshua Vein by an in-house crew and rig. The results, which are tabulated below, average 12.4 g/t gold, over a true width of vein of 2.8 metres. The top of the mineralised intersect is estimated to be at a vertical depth of 137.2 metres. The hole was terminated at a down-hole length of 171.8 metres.

Core 147 is the second deepest intersect yet drilled on Joshua Vein. Core 147 is situated approximately 50 metres south of Core 103, which, as the deepest intersect so far, found 8.4 g/t gold over a true width of 4.5 metres at a vertical depth of 160.6 metres. Core 114B, collared close to Core 147, intersected 6.5 g/t gold, over a true width of 1.1 metres, at a vertical depth of 92.5 metres. Core 123, some 25 metres to the south, intersected 12.5 g/t gold, over a true width of 1.9 metres, at a vertical depth of 45.4 metres.

A follow up core has been commenced near to Core 147, which targets the vein at a shallower depth. The Joshua Vein is, so far, known to extend over 836 metres along strike. The current geological model, which the latest core result further supports, indicates a high gold accumulation along an approximate 325 metres southern / central strike length, which is open to depth.

The samples were taken by geological staff under the supervision of R. Phelps C.Eng MIMMM, (President & CEO, Galantas Gold Corporation), the Qualified Person for the program under NI 43-101 and who is also a "Qualified Person" as defined in the Note for Mining Oil & Gas Companies, June 2009, of the London Stock Exchange. Sampling methodology, security & verification followed standard procedures previously detailed on April 5th 2006 and the samples were analysed (gold by fire assay and other metals by ICP-ORE) at OMAC Laboratory Ltd (part of the Stewart Group and an independent, ISO 17025 laboratory) of Galway, Ireland. The core drilling methodology was that as described on 15(th) September 2011.

Mr. Phelps commented, "Joshua Vein continues to reveal itself with a further excellent drilling result and has justified the Company's continuing exploration commitment."

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including drilling intersections and analyses, for the Omagh Gold project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements , including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metal grades and geologically interpreted widths, actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of key employees; additional funding requirements; planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas's forward-looking statements are discussed in greater detail in the section entitled "Risk Factors" in Galantas' Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law.

Galantas Gold Corporation Issued and Outstanding Shares total 256,210,395.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Enquiries

Galantas Gold Corporation

Jack Gunter P.Eng - Chairman

Roland Phelps C.Eng - President & CEO

Email: [e-mail]

Website: www.galantas.com

Telephone: [phone]

Charles Stanley Securities (AIM Nominated Adviser)

Mark Taylor

Telephone [phone]

RESULTS TABLE



JOSHUA VEIN
Hole Easting Northing Azimuth Intersect Core Estimated Intersect Gold Silver Lead Core
number Dip Au Ag Pb loss
------------------ ----------- ----------- --------
Width at true Vertical g/t g/t % %
(m) intersect width depth
(m) (m)
------------------ ----------- ----------- -------- ---------- ----------- ---------- ---------- ----- ------- ----- -----
OM-DD-13-147(JA) 239603.594 370740.103 90 5.6 -70 2.8 137.2m 12.4 19.8 0.9 0
------------------ ----------- ----------- -------- ---------- ----------- ---------- ---------- ----- ------- ----- -----


NOTE: All figures have been rounded to one decimal place. Intersect depth is a maximum estimate to the top of the intersect. Details of previous cores may be found in the Technical Report on the Omagh Gold Project July 2013, filed on www.sedar.com and www.galantas.com .

This information is provided by RNS

The company news service from the London Stock Exchange