Galway Gold is a well capitalized mineral exploration company. Through its wholly owned Colombian subsidiary, Galway Gold holds an option to acquire a 100% interest in the Reina de Oro gold concession, home of the El Volcan Mine, in the Vetas gold district of Colombia. El Volcan, which has been in operation for over 400 years and is still operating today, is the largest mine in the Vetas-California-Surata region of Colombia.
Galway Gold's Vetas project was spun out to existing shareholders of Galway Resources after it was acquired by AUX on December 20, 2012 for total cash consideration of approximately Cdn$340 million. Galway Gold began trading on January 21, 2013.