GoldMinerPulse Report on Galantas Gold Corporation: (NI) 43-101 Metal Valuation Report

Galantas Gold Corporation (GAL)

Company Web Site: www.galantas.com
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2009-11-11. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.
External Links: Yahoo News and Quotes  |  Yahoo Message Board  |  StockCharts  |  Stockhouse  |  Canadian Insider Trading
Recent Production
2009 : Metal content of production for the three months ended June 30, 2009 totalled 1,977 ounces of gold (61.5kg), 5,972 ounces of silver (185.8kgs) and 90.4 tonnes of lead.
2007 : Gold production started mid 2007.
Source(s):
GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02
Project/Deposit CC MVpSh PP% MI% I% Gold
    Omagh ?? $2.35 0 26% 74% 399.70 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / Metal Gold
    Metal Totals 399.70 K oz
    Metal Prices in US$ (from 2010-09-02) $1,251.30 per oz
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $2.35
    Percentage of Total Metal Value 100.00%
    PP% | MI% | I% 0 | 26% | 74%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
    Metal Value per Share (MVpSh)    US$2.35
    Average Ore Value per Tonne    US$282.56
    Metal Value Leverage (MVL)    82.39
    Market Capitalization as % of Metal Value    1.2%
    Recent Stock Price    C$0.03   (TSX/TSXV close on 2010-09-02.)
Conversion rate used: 1 Cnd$ = 0.949244 US$ )
    Fully Diluted Share Count    213.17 M    ( Fully diluted share count was taken from the Management Discussion and Analysis, Three and Six Months ended June 30, 2009 document (viewed at Sedar November 2009). )
    PP% | MI% | I%    0 | 26% | 74%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    7.024 g/t
    Market Capitalization
    per oz of Gold In Ground    $15.19   US$  |   16.00   C$
    Gold Eq Oz Estimate    399.70 K oz   ( 399.70 K oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $15.19   US$  |   16.00   C$

See terms for more about GoldMinerPulse metrics.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Galantas Gold Corporation is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold
Omagh	??	$2.35	0	26%	74%	399.70 K oz

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / Metal	Gold
Metal Totals	399.70 K oz
Metal Prices in US$ (from 2010-09-02)	$1,251.30 per oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$2.35
Percentage of Total Metal Value	100.00%
PP% \| MI% \| I%	0 \| 26% \| 74%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
Metal Value per Share (MVpSh)	US$2.35
Average Ore Value per Tonne	US$282.56
Metal Value Leverage (MVL)	82.39
Market Capitalization as % of Metal Value	1.2%
Recent Stock Price	C$0.03 (TSX/TSXV close on 2010-09-02.) Conversion rate used: 1 Cnd$ = 0.949244 US$ )
Fully Diluted Share Count	213.17 M ( Fully diluted share count was taken from the Management Discussion and Analysis, Three and Six Months ended June 30, 2009 document (viewed at Sedar November 2009). )
PP% \| MI% \| I%	0 \| 26% \| 74%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	7.024 g/t
Market Capitalization per oz of Gold In Ground	$15.19 US$ \| 16.00 C$
Gold Eq Oz Estimate	399.70 K oz ( 399.70 K oz are in ground)
Market Capitalization per oz of Gold Equilavent	$15.19 US$ \| 16.00 C$

See terms for more about GoldMinerPulse metrics.

Omagh - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT ON THE OMAGH GOLD PROJECT, COUNTIES TYRONE AND FERMANAGH, NORTHERN IRELAND
Date: 2008-05-28 (255 pages)

Updates: The CIM / NI.43-101 resources summarized on p. 3 of 26 of the GALANTAS GOLD CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS Three and Six Months ended June 30, 2009 (available at www.sedar.com).

Project Location: County Tyrone (Northern), Ireland

Map View: View the Galantas Gold Corporation Omagh Minerals land on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.09 15.92 K oz 6.350 g/t 78.00 K t
Estimate notes: The CIM / NI.43-101 resources summarized on p. 3 of 26 of the GALANTAS GOLD CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS Three and Six Months ended June 30, 2009 (available at www.sedar.com).

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.09	15.92 K oz	6.350 g/t	78.00 K t
Estimate notes: The CIM / NI.43-101 resources summarized on p. 3 of 26 of the GALANTAS GOLD CORPORATION MANAGEMENT DISCUSSION AND ANALYSIS Three and Six Months ended June 30, 2009 (available at www.sedar.com).

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.52 87.98 K oz 5.910 g/t 463.00 K t
Estimate notes: See notes for Measured.
Grade is average of Kearney + Elkins.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.52	87.98 K oz	5.910 g/t	463.00 K t
Estimate notes: See notes for Measured. Grade is average of Kearney + Elkins.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $1.74 295.80 K oz 7.486 g/t 1.23 M t
Estimate notes: See notes for Measured.
Grade is average of Kearney + Elkins + Kerr + Joshua + Gormley + Garry + Prince's + Sammy's + Kearney Nth

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$1.74	295.80 K oz	7.486 g/t	1.23 M t
Estimate notes: See notes for Measured. Grade is average of Kearney + Elkins + Kerr + Joshua + Gormley + Garry + Prince's + Sammy's + Kearney Nth