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Bullboard - Stock Discussion Forum 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... see more

TSXV:GG - Post Discussion

Golconda Gold Ltd > Galane has a likely suitor in B2 Gold
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Post by nozzpack on Aug 10, 2020 1:41pm

Galane has a likely suitor in B2 Gold

B2Gold has a market cap of $10 billion


Galane has a joint venture with B2 Gold for. the highly prospective, 1,200 km2 Tati Greenstone Belt area
 
Earn in Agreement signed with B2 Gold on Prospecting Licences for extensive exploration of the prospecting licences in which B2 Gold to spend $4m over 3 years for 70% of the JV
 
Targeting a 1moz+ resource
 
$1m spent to date and option exercised for further two years
 
Over 120 exploration targets have been generated from soil geochem and aero- magnetics work carried out
 
Mupane will continue to focus on exploration on mining licences which are not part of the JV, including Tau Deeps
         
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