Galantas Gold Share Discussion Threads

[the count] 14/12/2021 11:09

--->LURKER5

Is this your first post on this thread?

So please enlighte us how there is a fund raise coming when the CEO has already stated his intention on moving this company forward on no more shareholder dilutions, and expects drilling operations to be funded by income from mining.

You must know something we all don't. And I presume you don't even know about the warrants, which if/when exercised will more than raise enough funds for your "small, hopefully, fund raise".

TC!

[lurker5] 14/12/2021 09:17

Fund raise (small, hopefully) coming acc to MD&A. Its that holding back the shares. After which they will fly.

[the count] 14/12/2021 08:36

--->ALL

And they will soon start underground mining, so will finance further drilling from income generated as Stifano has already stated.

Just a matter of time. They could eventually prove up a few million ounces.

This really is a gold mine.... ooops, of course it is. :-)

TC!

[nobbygnome] 14/12/2021 07:30

More good high grade resources...

[panagos] 14/12/2021 06:45

Galantas Gold Drills 10.1 g/t Gold and 93.5 g/t Silver Over 6.5 Metres at the Omagh Project
December 13, 2021
December 13, 2021, TORONTO, CANADA – Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“GalantasR21; or the “Company”;) is pleased to announce results from its ongoing 4,000-metre drilling program at the Omagh Project in Northern Ireland.

Drilling highlights:

Hole FR-DD-21-171 intersected 10.1 grams per tonne (g/t) gold (Au), 93.5 g/t silver (Ag) and 3.4% lead (Pb) over 6.5 metres (see Table 1 for details). This hole, drilled from surface, successfully targeted a potential ‘dilation zone’ within the Joshua Vein and is located approximately 120 metres from hole OM-DD-15-155 drilled in 2015 which intersected 9.9 g/t Au over 21.6 metres (estimated true width of 13 metres) (see Figure 1).
Hole FR-DD-21-UG-172 drilled from the underground at the Kearney Vein intersected two zones of mineralization including 10.4 g/t Au, 50.5 g/t Ag and 2.4% Pb over 2.8 metres (see Figure 2).
Mario Stifano, CEO of Galantas, commented: “We are very pleased with the continued success of our exploration program which continues to demonstrate high-grade mineralization at Omagh, particularly high-grade gold in wider dilation zones at both Kearney and Joshua veins. We look forward to providing further updates on drill results and our mine production plan in the near future as we advance this unique opportunity to significantly grow high-grade resources at Joshua and Kearney, which remain open on strike and to depth, while also producing gold.”

Dilation zones which have potential for higher widths of mineralization have previously been identified within the Kearney underground development and are believed to be linked on shallow north-dipping planes (see press release on May 6, 2020). Figure 1 illustrates the location of hole FR-DD-21-171 on a potential dilation trend within the Joshua Vein, relative to other key intersections, including hole OM-DD15-155 drilled in 2015, which returned 9.9 g/t Au over 21.6 metres (estimated true width of 13 metres).

The dilation zones identified at the Joshua Vein, located approximately 400 metres from the main Kearney Vein, are expected to be incorporated into mine planning and future mine development, including potential plans to drill Joshua from underground to advance mining and resource expansion. The underground development in Kearney is 370 metres from the Joshua Vein, of which 152 metres have already been advanced in the cross cut, with 218 metres of development remaining to reach the Joshua Vein.

Table 1: Summary of drill results.

Hole ID Azimuth/ Dip (degrees) Intersect (m) (downhole) Est. true width (m) Intersect vertical depth (m) Gold (g/t) Silver (g/t) Lead (%) Core loss (%)
FR-DD-21-UG-172 287.7/66.1 1.6 0.5 117 4.1 17.9 0.9 1.9
and 287.7/66.1 2.8 1.0 121 10.4 50.5 2.4 8
FR-DD-21-171 258.6/47.4 0.5 0.3 35 4 10.3 0.6 0
and 258.7/48.4 6.5 4.3 73 10.1 93.5 3.4 12
FR-DD-21-169 No significant mineralization
FR-DD-21-167 No significant mineralization
FR-DD-21-166 277.3/48.6 0.9 0.6 88 5.3 35.5 0 0
FR-DD-21-165 260.5/72 1.1 0.3 104 2.4 6.2 0 0
and 260.5/72 0.9 0.3 107 1.4 13.2 0 0

[panagos] 14/12/2021 06:09

Fantastic drill results keep digging boys!!

[rambutan2] 03/12/2021 16:06

For ref, recent 3rd quarter results in full:

[the count] 02/12/2021 10:44

--->PANAGOS & NOBBYGNOME

Many thanks for the links boys.

Listened to all of that interview last night.

It sounds incredibly bullish.

They are more than hinting what we guessed years ago, that we have barely touched the resource that lies under them thar' rocks.

And I re-iterate that they will be both producing and proving up further resource in the medium term. Loads of highly experienced people acting as their advisors.

Don't want to get too carried away, but this really has great multi-bag potential. Some of the figures could get quite astronomical.

And it seems stock could be available for months yet until all the cheap stock acquired in that last placing that PIs were not allowed to participate in (very sadly for me at least) gets taken up by the markets, as well as the exercising of the warrants.

Regards,

TC!

[the count] 01/12/2021 14:36

--->PANAGOS

Assuming POG remains fairly stable, can't see any reason for this stock not hitting a share price in the £1 to £2 range within a couple of years.

Regards,

TC!

[panagos] 01/12/2021 12:53

If we are anything like Fosterville or Newfoundgold this will multibag many times.

These two are the top gold discoveries of the last few years.

[panagos] 30/11/2021 20:01

Sounds pretty promising

[panagos] 30/11/2021 20:00

https://www.youtube.com/watch?v=6NiQM8LOsW0&t=1s

[mineng] 24/11/2021 12:12

Serious grade and width on parallel structure..
Ramping up production in the new year as well.

"... grow high grade gold resources while producing gold ". I like the sound of that!

[panagos] 24/11/2021 10:06

nice, the pupoy is alive afterall!

[the count] 24/11/2021 08:53

--->ALL

Good morning everyone. Is anyone around? LOL.

Great drilling grades.... and finally she blows.

Can now sell 10k @ 25.3p, which is some progress I guess.

Will be interesting to see the trading in the north American markets when they open.

TC!

[the count] 24/11/2021 08:39

--->ALL

Absolutely ridiculous market making in this stock.

I am being quoted 28p to buy 10k shares yet they are showing a touch of 25p. So there is no stock available in any reasonable quantity to buy. You'd think they would therefore start bidding up for stock yet I can sell 10k @ 23.165p.

So the current spread to deal in a paltry 10k of stock stands
at 23.165 - 28p. That is ridiculous... totally ridiculous.

The earlier 10k buy at 24.8p was mine too. It seems that was all the stock they had available to sell me at a price within the official L2 quote.

Madness... sheer madness.

TC!

[the count] 24/11/2021 08:00

--->ALL

Very interesting drilling results out this am.

Some truly outstanding grades.

And a quote from the RNS I particularly like....

"With the deposit remaining open on strike and to depth, Galantas' Omagh Project provides the rare opportunity to significantly grow high-grade resources while producing gold."

TC!

[officerdigby] 15/11/2021 23:25

Well 150k volume and 3% up.

But volume up from nowt.

42 trades!! LOL.

[nobbygnome] 15/11/2021 20:51

Up or down....

[officerdigby] 15/11/2021 20:50

Bit of action in Canadian market hmmm.