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Galantas Gold Announces Definitive Agreement to Acquire the Andacollo Oro Gold Project, Chile
TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) (“Galantas” or the “Company”) is pleased to announce that on January 6, 2026 it has entered into a share purchase agreement (the “Agreement”) to acquire a 100% ownership interest in the Andacollo Oro Gold Project (the “Project”), located in the Coquimbo Region of central Chile (the “Transaction”). The Project is a past-producing, large-scale open pit heap leach gold operation with existing infrastructure
About this update from Galantas Gold Corporation
[{"type":"text","content":"TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V: GAL | AIM: GAL) (“Galantas” or the “Company”) is pleased to announce that on January 6, 2026 it has entered into a share purchase agreement (the “Agreement”) to acquire a 100% ownership interest in the Andacollo Oro Gold Project (the “Project”), located in the Coquimbo Region of central Chile (the “Transaction”). The Project is a past-producing, large-scale open pit heap leach gold operation with existing infrastructure, permits, and extensive historical technical data. The acquisition represents a significant strategic step for Galantas and is expected to constitute a Fundamental Acquisition under the policies of the TSX Venture Exchange (“TSXV”).","length":733,"tagName":"p"},{"type":"text","content":"Andacollo Oro Gold Project Overview","length":35,"tagName":"p"},{"type":"text","content":"The Project is located in the Coquimbo Region, Chile, approximately 55 kilometres southeast of the coastal city of La Serena, at a low elevation of 1,100 metres. The Project includes a substantial permitted footprint with mining concessions, land title, and water rights in place. Extensive earthworks, mine infrastructure, and three leach pads remain on site with excellent access to infrastructure, services, and a skilled workforce.","length":435,"tagName":"p"},{"type":"text","content":"A historical mineral resource estimate(1)(2) for the Project estimates its measured and indicated mineral resources at an aggregate of 2.02 million (M) ounces (oz) of gold (Au), consisting of 130M tonnes (t) at 0.48 Au grams per tonne (g/t) and estimates its inferred mineral resources at 5.06M oz Au, consisting of 358Mt at 0.45 Au g/t. The historical mineral resource estimate is derived from the National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) technical report titled “CMID SPA, Andacollo Oro, Chile, Technical Report” prepared by GEOINVEST SAC E.I.R.L. Chile, with an effective date of August 23, 2021 (the “Historical Report”).","length":670,"tagName":"p"},{"type":"text","content":"The Historical Report states that the Project operated as a 20,000 tonne per day (tpd) open pit heap leach operation, producing a cumulative 1.12M oz Au between 1998 and 2018, with peak annual production of approximately 135,000 oz Au.","length":235,"tagName":"p"},{"type":"...