Galantas Gold Corp (GALKF)

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Mr. Phelps commented, "The drilling and channel sampling results received from the Omagh property continue to exceed expectations. We've an aggressive drilling program, with six rigs at work. An Independent Interim Resource Statement is in preparation and expected to be ready by the end of May. Results from the continuing drilling program will carry forward to an updated assessment expected at the end of 2012. The planning for an underground mine is progressing well, with consultants reports regarding the Environmental Impact Assessment anticipated within a month."