Galantas Gold Corporation's assets include a 100 percent interest in a subsidiary, which has sole rights to a 435 square-kilometer prospecting license and associated mining leases in County Tyrone, N.Ireland plus licenses in the Republic Of Ireland. The Company's focus is on its mining business; it has also entered into an arrangement with an Irish based jewellery business, which obtains a premium for a limited quantity of Irish gold (currently supplied from stock) and a percentage of wholesale sales.
The Company's strategic plan employs a dual approach that has begun with bringing the fully permitted Omagh mining operation into production. The open pit mine was in operation until recently, producing ore and a processing plant has been built. A simple and safe concentration process is used, called froth flotation. The concentrate produced contains gold, silver and other metals and was sold via a flotation concentrate off-take agreement with Falconbridge Ltd of Canada, now part of Glencore Corporation. The Company has obtained planning consent (June 2015) to continue operations underground and intends to develop the mine when funding allows.
The second part of the Company's plan is to aggressively explore its large license area, targeting discovery of over three million ounces of gold.
Galantas Gold Corporation is well positioned to take advantage of the gold market through its business strategy.
Issued and Outstanding Shares total 170,894,087(2nd March 2017)
This page and other parts of the website contain statements relating to the intentions of management to develop the mine production and jewelry production. such statements are forward looking and readers are cautioned that these statements are subject to risks and uncertainties as further detailed in quarterly Management Discussion and Analysis published on www.sedar.com