Galantas Gold Corporation
TSX VENTURE : GAL

Galantas Gold Corporation

June 20, 2005 09:00 ET

Ireland's Galantas Gold Mine Set For Production In Spring 2006

OMAGH, NORTHERN IRELAND and TORONTO, ONTARIO--(CCNMatthews - June 20, 2005) - Galantas Gold Corporation (TSX VENTURE:GAL) announced today that it has received on site in Ireland the mobile equipment fleet for its gold open-pit operation. The equipment will initially be utilised in the construction of tailings facilities, ponds, roads etc before being used for mining.

Major components of the 150 tonnes per day processing plant are approaching completion in Western Canada. These include a primary ball mill and flotation cells which have been designed to operate with a sulphide feed carrying 20 g/t of gold. Other components of the plant are in sourcing. The project schedule calls for site preparation to be completed by the end of 2005 and plant commissioning in the spring of 2006.

Galantas is also pleased to announce that it has hired Mr. Steve Higgins P.Eng, to assist and oversee the building of the flotation plant and site engineering, including tailings disposal facility, water storage, recycling system and polishing pond. A Registered Professional Engineer and dam construction specialist, Steve has carried out several projects in Australia, including dams for the Century Zinc Mine, northern Queensland.

Galantas Gold Corporation is building Ireland's first gold mine on its 189 sq km exclusive Prospecting Licence. The corporate aim is to increase the resource base on the property through exploration and mine development, to expand mine production in stages, and to add value to the Company's production by marketing and selling certified Galantas ™ Irish gold jewellery.

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 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".

Contact Information

  • Galantas Gold Corporation
    Jack Gunter
    Executive Chairman
    +44 (0) 2882 241100
    or
    Galantas Gold Corporation
    Roland Phelps
    President and CEO
    +44 (0) 2882 241100
    or
    Galantas Gold Corporation
    Moe Lavigne
    Vice President
    +44 (0) 2882 241100
    info@galantas.com
    www.galantas.com