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Cours Or & Argent en

Galantas Gold Corporation

Publié le 24 mai 2007

Commissioning update

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Mots clés associés :   Canada |

23rd May 2007                                                       London Stock Exchange AIM: GAL                                    TSX Venture Exchange -"GAL"




Galantas Gold Corporation announces marked improvement in plant performance during commissioning at its wholly owned gold mine near Omagh, County Tyrone, Northern Ireland.


A number of modifications to equipment and operating practices in the processing plant have been implemented and these have resulted in a marked increase in throughput in the comminution section. Design capacity of 6 tonnes per hour has been achieved.  Further changes are being progressed and emphasis is currently on optimizing the flotation circuit. GBM Minerals Engineering Consultants Limited has been providing consultancy advice.


Since the last trading update on April 20th 2007, two containers containing a total of approximately 44.6 wet tonnes have been shipped, Belfast Port delivery, to Falconbridge Ltd., New Brunswick, Canada. An additional two containers of approximately 22.6 tonnes and 23.1 wet tonnes of concentrate have been shipped for separate specialist processing and return of certified Irish gold for the Galantas jewellery business.


Nicholas Hardie C.Eng FIMMM, FIMQS, 49, has been appointed Omagh Plant Manager. Mr. Hardie is an engineer with 28 years operating and management experience in the mining industry and has been closely involved with the recent improvement in performance.


Mr. Roland Phelps, President & CEO, said, �I am encouraged by the recent improvements in performance. Equipment and operating problems are being resolved and further improvements are in progress. We welcome Nick Hardie to the project team.�


Mr. Andrew Warburton has left the company to pursue personal career and mineral related business interests in Australia. Mr. Phelps said, �We thank him for his past effort and contribution to plant build and development. We wish him every success in his new business activities and he will remain a consultant to the company.�


Galantas Gold Corporation Issued and Outstanding Shares total 167,535,855.        

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

This press release includes certain �Forward-Looking Statements� within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements such as those referring (but not limited) to specific production or construction activity are �Forward-Looking Statements� that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these �Forward-Looking Statements�.



For further information, please contact:


Galantas Gold Corporation                                                    Telephone:  +44 (0) 2882 241100                                                  

Jack Gunter P.Eng � Executive Chairman

Roland Phelps C.Eng � President & CEO

Email: info@galantas.com                                                                                 

Website: www.galantas.com  


ARM Corporate Finance Limited                                            Telephone: +44 (0) 20 7512 0191                                                                                     
Nick Harriss


Lewis Charles Securities Limited.                                          Telephone: +44 (0)207 456 9100                                                             

Kealan Doyle 


Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Galantas Gold Corporation

CUSIP : 298773
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Galantas est une société développant des projet miniers d'or basée au Canada.

Galantas détient divers projets d'exploration au Portugal et en Irlande.

Ses principaux projets en exploration sont OMAGH - KEARNEY et OMAGH - OTHER DEPOSITS en Irlande et MONTEMOR au Portugal.

Galantas est cotée au Canada, au Royaume-Uni et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 74,3 millions CA$ (59,4 millions US$, 52,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 03 avril 2020 à 0,01 CA$, et son plus haut niveau récent le 28 mai 2021 à 0,89 CA$.

Galantas possède 170 890 000 actions en circulation.

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