leadf
logo-loader
viewGalantas Gold Corp

Galantas ships 147 tonnes of concentrate in the period May to September, despite coronavirus constraints

Galantas has a long track record of operating the mine in Omagh

Galantas Gold Corp -

Galantas Gold Corporation (LON:GAL)(CVE:GAL) said it has re-started concentrate processing operations at the Omagh gold mine in Northern Ireland.

The re-start follows a coronavirus-related shutdown which began in May. Underground mining remains suspended.

In the period from May 26, 2020, to September 30, 2020, approximately 147 tonnes of concentrate was despatched, containing an estimated 551.5 troy ounces of gold.

In the third quarter ending September 31, 2020, approximately 98 tonnes of concentrate was despatched, containing an estimated 386.2 troy ounces of gold.

The estimated monthly recovery of gold to concentrate, in the third quarter, has averaged 95.4%, with low-grade feed carrying a monthly estimated average of 2.14 grams per ton of gold.

Active discussions continue with a number of potential partners regarding funding to provide the investment required for additional mine development and exploration, Galantas said.

Quick facts: Galantas Gold Corp

Price: 16.25 GBX

AIM:GAL
Market: AIM
Market Cap: £5.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Galantas Gold Corp named herein, including the promotion by the Company of Galantas Gold Corp in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Galantas Gold reaches blasting agreement with PSNI for its gold mine near Omagh

Galantas Gold Corporation's (LON:GAL)(CVE:GAL) Roland Phelps speaks to Proactive London's Andrew Scott after reaching an agreement with the Police Service of Northern Ireland (PSNI) regarding blasting at its 100% owned gold mine near Omagh, Northern Ireland. He says they're planning to...

on 13/5/20

2 min read