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Volcanic Gold Mines Inc T.VG


Primary Symbol: V.VG Alternate Symbol(s):  VLMZF

Volcanic Gold Mines Inc. is a Canada-based company, which is principally engaged in acquisition and exploration of resource properties. The Company’s projects include Holly project, Banderas project, and Motagua Norte prospect. The Holly project is located in eastern Guatemala in a terrain with gold-silver mines and deposits. The Holly property straddles the regional Jocotan Fault which forms part of the Motagua Suture Zone, 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Banderas Project is located in Guatemala and has a caldera and rhyolite dome complex with gold-silver-rich epithermal veins and breccias extending over nine square kilometers. The Motagua Norte has approximately 240,000-hectare land position. The Company’s subsidiary is Recursos del Golfo S.A.


TSXV:VG - Post by User

Bullboard Posts
Comment by cnynmanon Jan 29, 2014 3:52pm
308 Views
Post# 22149551

RE:Re, BLOOD BATH

RE:Re, BLOOD BATHMy thought is that you are a dreamer!  The 'equipment' has not been upgraded in many years,although that was the stated purpose of many of these loans. 

Veris has gutted the high grade from the underground deposits, while allowing the infrastructure to deteriorate.  The environmental liabilities far outweigh any value the 'equipment' retains. 

A functioning roaster has been the only thing of value Veris has been able to offer the industry for many years now. If that roaster shuts down, there isn't much left. 

All the mining in recent years has been done by contractors. Once they pack up and leave, there is no 'equipment'.
Bullboard Posts