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Galantas Gold ( (TSE:GAL) ) has shared an announcement.
Galantas Gold has filed a new NI 43-101 technical report for the Andacollo Oro Gold Project in Chile, outlining a pit-constrained indicated mineral resource of 102.4 million tonnes grading 0.45 g/t gold for 1.47 million ounces, and an inferred resource of 347.9 million tonnes at 0.41 g/t for 4.54 million ounces. The brownfield, past-producing heap leach operation benefits from existing infrastructure and approvals, and optimization work suggests a large, low-strip open-pit profile across various gold price scenarios.
The company has also set May 12, 2026 as the record date and June 15, 2026 for a special shareholder meeting to approve the acquisition of Sol de Oro Mining, which indirectly owns 100% of Andacollo. The transaction has conditional TSX Venture Exchange approval and, if completed as expected in June, would give Galantas a substantial, restart-ready gold asset with significant exploration upside, bolstering its growth prospects and long-term production potential.
More about Galantas Gold
Galantas Gold Corporation is a Canada-based gold exploration and development company listed on the TSX-V and AIM. It is expanding its portfolio beyond its existing operations by targeting brownfield opportunities with established infrastructure, with a current focus on the Andacollo Oro Gold Project in Chile’s Coquimbo Region.
Find detailed analytics on GAL stock on TipRanks’ Stock Analysis page.