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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold 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 South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately 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 approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Post by nambuon Jan 11, 2006 2:37pm
406 Views
Post# 10162559

Consolidating with G - Who's next ?

Consolidating with G - Who's next ?It's getting harder to be diversified in Ontario / Quebec with Goldcorp soon holding the lion's share of properties (or interests therein, even if by JV). I guess they're striking while the iron is hot, but having held G, ending up with more through Wheaton and pending the proxy vote Virginia as well... Wolfden, Beaufield, Planet & MetalCorp JVs (am I missing one?) and to top it Placer's properties... we have to believe in Telfer as messiah I guess. As to who's next - Quebec/James Bay has probably not fully played out but Campbell, East Bay or Red Lake has to be fully in G's stranglehold so I'd bet they swallow more of one of their JVs or even take a run at Rubicon to get at the McFinley property (then they'd be holding all the bags up there). Anyone proffer a guess on other Ontario juniors ripe for more JV action ? (Thank the stars I'm long G and gold or Telfer would've spooked me long ago) IMHO of course.
Bullboard Posts