Galantas Gold Corporation: Ireland Leads EU with High Tech Helicopter Gold Prospecting.OMAGH, Northern Ireland Northern Ireland: see Ireland, Northern. Northern Ireland Part of the United Kingdom of Great Britain and Northern Ireland occupying the northeastern portion of the island of Ireland. Area: 5,461 sq mi (14,144 sq km). Population (2001): 1,685,267. & TORONTO -- An Irish gold Irish Gold is the first of the Nuala Anne McGrail series of mystery novels by Roman Catholic priest and author Father Andrew M. Greeley. mining company, Galantas Gold Corporation, (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GAL) has engaged Geotech Ltd to fly the latest technology in airborne geotechnical surveys over its 189 square kilometre Square kilometre (U.S. spelling: square kilometer), symbol km², is a decimal multiple of the SI unit of surface area, the square metre, one of the SI derived units. 1 km² is equal to:
European Community , has just received consent from aviation authorities and will be flown immediately. The survey is the first step in a comprehensive and revitalised exploration programme over the Galantas prospecting licence. VTEM is a highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" system which measures the electro-magnetic properties of rocks and minerals buried in the earth, up to depths of 750m. In the local context, it has the ability to detect gold bearing mineral veins that have a length greater than 25m. Goetech's system has been flown in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. with several notable successes. For example, Wallbridge Mining Company drilled VTEM anomalies on its Beith optioned property and discovered high grade nickel (March 2005). Many other examples are highlighted on Geotech's website www.geotechairborne.com Maurice Lavigne, Director of Exploration and Development at Galantas Gold said, "We are excited about the use of the VTEM system. Our licence area is covered with a blanket of clay rich glacial gravel which has hampered the process of discovery, but is transparent to the VTEM system. Gold has been found in numerous locations in the glacial gravel and the VTEM survey will help locate the bedrock source." Mr. Lavigne, P.Geo, is the qualified person responsible at Galantas for the programme. 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 (TM) Irish gold jewellery. The company has just received delivery of the excavation equipment needed for its small quarry, just outside of Omagh, Co.Tyrone and expects to be producing gold in the spring of 2006. Galantas President, Roland Phelps said, "We are carefully developing the Omagh property, within the strict conditions imposed by the Department of the Environment NI, without the use of toxic chemicals, relying on safe flotation and gravity technology. We are providing skilled employment and the $3.5million investment will be a real boost to the local economy." The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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". Galantas Gold Corporation (TSX VENTURE:GAL) |
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