Volcanic Gold Mines Inc T.VG

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

Metals & Mining Gold

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.

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Volcanic Gold Mines Inc

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Post by cruisieon Jan 30, 2014 6:50am

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Post# 22151588

I wonder

Sprott was promoting this company even a few days ago... He will probably take advantage of the carnage and gain more control, maybe by taking over part of the remainder of the loan by DB.. There are still about 100,000 ounces to be delivered. Somebody will want those. Sprott doesn't dislike physical gold i believe.. As doesn't Francois Marland, Orifer and others..

This is a growing and producing mine of now about 160-180,000 ounces a year. There will be a solution, but what that will be, remains to be seen. BTW how can you not have put a force majeure in the contract.. That wasn't very smart.

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