Mario Stifano, CEO, Galantas Gold Corp. (GAL.V) Discusses Exploring and Mining Irish Gold with District Scale Potential
We spoke with Mario Stifano, CEO and Executive Director of Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF). Galantas Gold owns a producing, open pit gold mine, near Omagh, County Tyrone, Northern Ireland. The mine also produces by-product silver and lead. A metals concentrate is produced, by safe, non-toxic processing, and sold under contract. Galantas believes they have a district scale potential, to not only expand the current resource, but also identify new resources, in their sizable land package, of about 550 square kilometers. Early results, from the current drilling program, are encouraging, with vein targets planned, to extend and upgrade the resource. According to Mr. Stifano, what really distinguishes Galantas, from all the other junior exploration companies, is Galantas is also entering production. The cash flow from production will fund exploration and will keep the Company’s capital structure tight, as it creates value for shareholders.
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