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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

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Comment by Wheeler44on Mar 31, 2006 6:36pm
299 Views
Post# 10602315

OT. RE: great company - longnotshort Only

OT. RE: great company - longnotshort Only longnotshort - well Long and not short - sounds good to me - will give You one - but don't tell the znobody - - the Old Franklin Gold Mines - to look into - FMNJ - well, we were above $50 - but down to below a penny - has averaged out here with some of the firesales - still we going to start to help - the old Silver Miners i Bolivia - to mine one of the worlds rich - silver mines - CERRO RICO - its a shame - but the old Christian Miners have fatal accidents most every day ? - and the Gov. may let us in to fix the problems ? - and if u feel GG is to expensive for your wallet ? - you may have some pocket-change, to fit fmnj ?.. METALLOGENESIS OF THE WORLD’S LARGEST SILVER DEPOSIT: CERRO RICO, BOLIVIA Bolivian polymetallic vein (BPV) deposits are large, intrusive-related, sulfide-dominated polymetallic vein systems. Typically they span the mesothermal to epithermal environment. They are significant producers of silver, tin, zinc and gold. Cerro Rico is a classic example, and is the world's largest silver deposit. Since its (re)discovery in 1544 by the conquistadores it has produced at least 1 billion ounces of silver. The town of Potosi which sits beneath the mountain had a population of approaching 200,000 in the 17th century during it’s heyday - bigger than London or Paris - when it was the financial engine of the Spanish Empire. A cost of this enormous wealth was the terrible toll of slaves: an estimated one million (possibly more) lost their lives. Today it is mined by local miners’ cooperatives, largely for tin. Approved project IP/427/0994 with Dr. Clive Rice of Aberdeen University has investigated the metallogenesis of this truly giant ore deposit. There are many BPV deposits, but one question was at the centre of this study - WHAT MADE CERRO RICO SO BIG? Cerro Rico dominates the town of Potosi, and its Ag production has never been matched. When one compares Cerro Rico to other BPV deposits, three features stand out as being exceptional: * The phenomenal silver resource. Cerro Rico has produced almost five times more silver than any other BPV deposit. * Development of a thick acid-sulfate lithocap. The acid-sulfate lithocap at Cerro Rico is at least twice as thick as any other described from a BPV deposit. * Development and preservation of a particularly deep zone of oxidation. This is almost four times as thick as any other developed at a BPV deposit. The extraordinary richness of the Cerro Rico silver deposit is not due to weathering processes as is the case with many of the Tertiary porphyry Cu deposits of northern Chile. Instead the enrichment of Ag must be related to volcanic-related processes. Recent studies of melt inclusions have shown that the magmas at Cerro Rico were highly fractionated and enriched in incompatible elements such as Ag and Sn. However, fractionation alone is unlikely to account for the unusual abundance of silver at Cerro Rico. Critically, the combination of accurate dating and the use of stable isotopes – both based upon excellent field and petrographic observations – allowed us to observe that the mineralizing episode was protracted, by comparison to other deposits related to processes in the upper parts of volcanoes. Our studies suggest that it was this exceptional duration of magma-related hydrothermal activity that was perhaps the critical factor. It is probable that this was sustained by multiple injections of fractionated Ag-enriched magma from a deep reservoir into a high level magma chamber underlying Cerro Rico. This work has now been accepted for publication in Economic Geology, and has also been the subject of an article in the last issue of NERC’s public bulletin, Planet Earth. Btw. i want to fix the problems today ! - if the 666 gets out ot the way and let me in ? - and You can help me and yourself ? - or it may only be one more card ? - to have up the sleeve - only to be saved for a rainy day ? as V.EGX, T.CCH etc. were the 666 - blocking the 888 roads ! .
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