# Galantas Gold Announces Updated Mineral Resource Estimate at Andacollo Project and Provides Notice of Meeting and Record Date for the Special Meeting to Approve Its Acquisition Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2 Original source: https://orestocks.com/company/GAL.V/press-releases/5975171210284625 Publisher: orestocks Original announcement: 2026-05-04T17:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T03:55:33.522Z Atlas analysis updated: 2026-10-01T03:55:33.522Z - Company: Galantas Gold Corporation - Ticker: GAL - Exchange: TSXV - Region: Coquimbo Region, Chile - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Agreement transaction - Extracted: 2026-10-01 03:55:34 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Galantas Gold has announced an updated Mineral Resource Estimate for the Andacollo Project in Chile, reporting 102.4 Mt of Indicated gold resource at 0.45 g/t and 347.9 Mt of Inferred resource at 0.41 g/t. The announcement also provides notice for a special meeting to approve the acquisition of Sol de Oro Mining Ltd, which holds the project. Reasoning: The updated MRE demonstrates a large-scale gold resource at a brownfield site with existing infrastructure, though ownership is contingent on a pending acquisition. - Positive factor: Substantial scale with 1.47 Moz Indicated and 4.54 Moz Inferred gold - Positive factor: Brownfield asset with existing infrastructure and environmental approvals - Positive factor: Strong sensitivity to gold price with low stripping ratios - Positive factor: Significant exploration upside for copper and gold extensions - Negative factor: Project not yet owned by the company, pending transaction completion Facts used in scoring: 6 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate was prepared in accordance with NI 43-101 standards. Evidence · text > in accordance with National Instrument 43-101 Standards **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Matthew Halliday, P.Geo., of DRA Americas Inc. is named as the independent qualified person. Evidence · text > The independent qualified person... is Matthew Halliday, P.Geo. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource is in the Inferred category. Evidence · table > 347.9 Context: 347.9 ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2#fact-resource-facts-0) Andacollo Project · gold #### Identity - Project: Andacollo Project - Commodity: gold - Region: chile - Reported Region: Coquimbo Region, Chile - Ticker: GAL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:f27651da8f5bb4a99d6d - Deposit or zone: Andacollo Project - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: indicated - Tonnes: 17600000 - Grade: 0.53 - Grade Unit: g/t - Contained Metal: 0.3 - Contained Unit: moz - Cutoff Grade: 0.08 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-01 #### Lab - Laboratory: DRA Americas Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Indicated oxide intercept at 0.53 g/t Au. - Positive factor: Indicated category provides higher geological confidence Evidence · table > 0.53 Context: 17.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2#fact-resource-facts-1) Andacollo Project · gold #### Identity - Project: Andacollo Project - Commodity: gold - Region: chile - Reported Region: Coquimbo Region, Chile - Ticker: GAL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:909ca778a31e49b37022 - Deposit or zone: Andacollo Project - Mining method: open\_pit - Material type: mixed #### Resource Data - Category: indicated - Tonnes: 84800000 - Grade: 0.43 - Grade Unit: g/t - Contained Metal: 1.17 - Contained Unit: moz - Cutoff Grade: 0.08 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-01 #### Lab - Laboratory: DRA Americas Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Indicated mixed intercept at 0.43 g/t Au. - Positive factor: Large tonnage in indicated category Evidence · table > 0.43 Context: 84.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2#fact-resource-facts-2) Andacollo Project · gold #### Identity - Project: Andacollo Project - Commodity: gold - Region: chile - Reported Region: Coquimbo Region, Chile - Ticker: GAL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:895d728ab3d8c891a151 - Deposit or zone: Andacollo Project - Mining method: open\_pit - Material type: oxide #### Resource Data - Category: inferred - Tonnes: 51400000 - Grade: 0.38 - Grade Unit: g/t - Contained Metal: 0.63 - Contained Unit: moz - Cutoff Grade: 0.08 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-01 #### Lab - Laboratory: DRA Americas Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Inferred oxide intercept at 0.38 g/t Au. - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.38 Context: 51.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2#fact-resource-facts-3) Andacollo Project · gold #### Identity - Project: Andacollo Project - Commodity: gold - Region: chile - Reported Region: Coquimbo Region, Chile - Ticker: GAL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:e47d37d2d225328937df - Deposit or zone: Andacollo Project - Mining method: open\_pit - Material type: mixed #### Resource Data - Category: inferred - Tonnes: 296500000 - Grade: 0.41 - Grade Unit: g/t - Contained Metal: 3.91 - Contained Unit: moz - Cutoff Grade: 0.08 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-01 #### Lab - Laboratory: DRA Americas Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Inferred mixed intercept at 0.41 g/t Au. - Positive factor: Significant tonnage in inferred category - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.41 Context: 296.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2#fact-resource-facts-4) Andacollo Project · gold #### Identity - Project: Andacollo Project - Commodity: gold - Region: chile - Reported Region: Coquimbo Region, Chile - Ticker: GAL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:7330b2637ad12d0c2b29 - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 102400000 - Grade: 0.45 - Grade Unit: g/t - Cutoff Grade: 0.08 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-01 #### Lab - Laboratory: DRA Americas Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Indicated oxide intercept at 0.53 g/t Au. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated category provides higher geological confidence Evidence · table > 0.45 Context: 102.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--32722717-d302-4c40-addc-851b30f9c3c2#fact-resource-facts-5) Andacollo Project · gold #### Identity - Project: Andacollo Project - Commodity: gold - Region: chile - Reported Region: Coquimbo Region, Chile - Ticker: GAL #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Matthew Halliday - Resource group id: resource:c405aded11618f6aaf8f - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 347900000 - Grade: 0.41 - Grade Unit: g/t - Cutoff Grade: 0.08 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-02-01 #### Lab - Laboratory: DRA Americas Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Inferred oxide intercept at 0.38 g/t Au. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.41 Context: 347.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.