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Volcanic Gold Mines Inc V.VG

Alternate Symbol(s):  VLMZF

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.


TSXV:VG - Post by User

Bullboard Posts
Comment by methionineon Mar 24, 2012 5:35pm
291 Views
Post# 19713963

RE: Market Cap

RE: Market Cap

I have been following VOL for a while as I believe them to be under valued relative to their peers, and I also believe the Yukon mining/resource sector will make a decent come back if/when the drills start turning and some positive results are released. With the fall in price this last week I ended up finally picking up some shares on Friday before I saw news of the roll back.

 

If they believe it can generate financing then I suppose it isn't a bad thing as I agree with their sentiment that the current share structure just isn't attractive to potential investors, especially considering it is such a grass roots operation.

 

I'm sure we will all be watching what unfolds here in the enxt little while. We have a great property with a solid management team so I do have an overall positive view on the future. What we really need is for some buzz to be created in the Yukon area as a whole. If a couple of neighbours hit some nice holes our proximity to pretty much every one will do us well, even if we are still looking for financing at the time.

 

 

Bullboard Posts