# 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4 Original source: https://money.tmx.com/en/quote/GAL/news/5975171210284625/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a Publisher: tmx Original announcement: 2026-05-04T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Galantas Gold Corporation - Ticker: GAL - Exchange: TSX - Region: Coquimbo Region, Chile - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-12 03:40:21 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 and 347.9 Mt of Inferred gold resources at a US$3,800/oz gold price. The announcement also provides notice regarding a special meeting to approve the acquisition of Sol de Oro Mining Ltd, which holds the project. Reasoning: The update provides a large-scale gold resource estimate for a brownfield project with existing infrastructure, though the company's ownership is pending a transaction. - Positive factor: Substantial scale with 4.54 Moz Au in Inferred resource - Positive factor: Brownfield asset with existing infrastructure and environmental approvals - Positive factor: Significant exploration upside for copper and gold extensions - Positive factor: Robust resource under multiple gold price scenarios - Negative factor: Project not yet owned by the company \(subject to transaction completion\) - Negative factor: Resource is primarily Inferred \(85% of total tonnes\) 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 **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 · text > an Inferred mineral resource of 347.9 Mt **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., is named as the independent qualified person. Evidence · text > The independent qualified person... is Matthew Halliday, P.Geo. ## 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4#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 basis: gross #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Indicated oxide resource at 0.53 g/t Au. - Positive factor: Indicated category provides reasonable 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4#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 basis: gross #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Indicated mixed resource at 0.43 g/t Au. - Positive factor: Large indicated mixed resource component 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4#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 basis: gross #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Inferred oxide resource at 0.38 g/t Au. - Positive factor: Adds significant tonnage to the project - Negative factor: Inferred category is speculative 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4#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 basis: gross #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Inferred mixed resource at 0.41 g/t Au. - Positive factor: Large scale inferred resource - Negative factor: Inferred category is speculative 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4#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 basis: gross #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Indicated oxide resource at 0.53 g/t Au. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Indicated category provides reasonable 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-extractions.minestarters.com/news/galantas-gold-announces-updated-mineral-resource-estimate-at-andacollo-project-a--d8039dcc-44d1-4ff0-a49e-a5d255adcba4#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 basis: gross #### 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-04T00:00:00.000Z Reasoning: Inferred oxide resource at 0.38 g/t Au. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Adds significant tonnage to the project - Negative factor: Inferred category is speculative 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.