The Company
Galantas Gold Corporation's assets include a 100 percent interest in the Irish subsidiary Omagh Minerals Limited, which has sole rights to a 435 square-kilometer prospecting license and associated mining leases in County Tyrone, Ireland. The Company also owns 100 percent interest of Galantas Irish Gold Ltd, a jewelry design, manufacturing and marketing business that utilizes part of the gold produced from the Omagh Mine. The Company's focus is on its mining business; it intends to look into partnerships to develop the jewelry business when market conditions permit.
The Company's strategic plan employs a dual approach that has begun with bringing the fully permitted Omagh mining operation into production. The mine is 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 lead and is sold via a flotation concentrate off-take agreement with Falconbridge Ltd of Canada, now part of Xstrata Corporation.
The second part of the Company's plan is to aggressively explore its large license area, targeting discovery of over one million ounces of gold.
Galantas Gold Corporation is well positioned to take advantage of the gold market through its business strategy.
The Company has 235, 650, 055 Common Shares in issue.
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