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Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa), through subsidiaries located in Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers 58.6 square kilometers and is part of the Barberton Greenstone Belt.


TSXV:GG - Post by User

Post by nozzpackon Aug 02, 2024 10:04am
150 Views
Post# 36160596

Doubling Production Going Foreward

Doubling Production Going Foreward

Princeton Top began to be mined in early May at 3.04 grams of gold per ton ..quite rich .

The company has used the funds received from the recently closed investment from Empress Royalty Holding Corp., a wholly owned subsidiary of Empress Royalty Corp., to re-equip the 3.2-kilometre access ramp, install a new compressor, reinstate the historic ore pass to its existing Princeton operations on Level 17 and mobilized a mining fleet to recommence mining.

This is a key step in the development plan to increase mining volumes, to utilize spare capacity in Galaxy's new larger milling circuit and to ultimately more than double gold production this year.

With POG now over $2500, we are doubly blessed , with rich grades and high POG..

 
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