- regarding the IPO. what's the consensus? is it better to buy shares in the ipo or play it through gax? when is the IPO?

Difficult one. GAX will hold 60% of Bottle Creek through Red Ore. The IPO will consist of 8,953,360 common shares of Red Ore at a deemed price of $0.50 per share, for aggregate consideration of $4,476,680, representing the amount spent to date by Galahad in exploration and property staking and payment costs at the Property. There will be a pre-IPO PP for $ 0.50 with warrants at $ 0.75 as well.

- the great intercepts are at regcourt, can someone expound on that property?

The most recent addition to the Galahad gold portfolio is the Regcourt Project. Galahad’s vision is forward-thinking and thus is investing in Quebec’s recent exploration rush for gold during a rising gold price. The Regcourt claims lies in Vauquelin Township and are located just west of famed Val d’Or. The Abitibi in Quebec continues to yield more resources and management believe this property will prove to have excellent exploration and further discovery potential.

There is an existing shaft down to the 500´level and 4 adits to known vein structures.

The Regcourt Property hosts a small gold deposit discovered on surface by trenching in 1944. During this early prospecting period erratic gold values were obtained from a stripped outcrop exposing the veins yielding an average grade of 8.13 g/t gold over an average width of 0.76meters along a strike length of 67 meters. Subsequent work and drilling indicated an historical tonnage of 61,000 tonnes grading 5.49 g/t gold (1983, non NI 43-101 compliant). This deposit is hosted by a granodiorite stock which intrudes mafic to intermediate volcanic of the Malartic Group. Geologically the mineralization is described in the records as fracture-filled quartz-tourmaline veins and veinlets containing fine grained pyrite and free gold similar to other Quebec gold deposits such as to Beaufort Mine owned and operated by Richmont Mines.

Galahad will immediately proceed with a detailed geological compilation of the extensive reporting and other data relating to the property, and then surface geophysics and additional surface stripping work. Once compilation work completed, target generation by way of a 3D geological modelling will be completed. Priority targets will immediately be drill tested.

Galahad’s consultants are currently reviewing all reports on the property the results of which will guide further drilling. The Company can acquire a 100% interest by making a total of $100,000 in a series of cash payments plus a total of 300,000 shares in three tranches over a two 2 year term. The claims are subject to a 2% NSR. No specific work commitment is included, apart from the compilation report, which is underway.

- abitabi?? i see 100 references to it, but what is it?

It´s ABITIBI, a company who carried out a brand-new (4 months old technology) 3D IP survey on the Regcourt property with some very interesting results (13 high priority targets identified OUTSIDE the existing shaft area !)

See report in the LINK LIBRARY section.

FANTOMAS