Theta Gold Mines Ltd V.TGM

Primary Symbol: TGMGF

Metals & Mining Gold

Theta Gold Mines Limited is an Australia-based gold exploration and development company. The Company holds a range of prospective gold assets through its subsidiary, Transvaal Gold Mining Estate Ltd (TGME), in a South African gold mining region. TGME Project phase one consists of four existing mines, including Beta, Frankfort, CDM and the Rietfontein mine. The Project is located next to the historical gold mining town of Pilgrim’s Rest, in the Mpumalanga Province, some 370km northeast of Johannesburg or 95km north of Nelspruit (the Provincial Capital City) and includes more than 43 historical mines identified across the prospective gold field of 620 square kilometers (62,000 hectares). Beta Mine is a producing mine in the Pilgrim’s Rest area. Rietfontein quartz reef is near vertical, sitting in a 16 km long structure which has been mined and partly drilled over 3.5km. The Glynns Mine is located near the town of Sabie in northeast South Africa. Its subsidiary is Theta Gold SA (Pty) Ltd.

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Theta Gold Mines Ltd > The more the gold price is climbing….

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Comment by marpincanon May 11, 2023 9:09am

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Post# 35442757

RE:The more the gold price is climbing….

The market needs results. They made the deal with PAC wich brings them some more land (They had enough land before the deal) and some marketable securities (nothing left in the treasury which is why they made the 70 k deal). Hopefully they can sell some of these securities to fund some exploration. If not, we are looking at a capital raise in the 10 cent area. The exploration program to datecontinues to show the potential of the Red Lake holdings but a mine marker we do not yet have. So the market watches and waits. IMO

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