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Golconda Gold Ltd 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
Comment by Stockdog12on Mar 10, 2009 11:40am
205 Views
Post# 15833203

RE: HBM Potential Takeover

RE: HBM Potential TakeoverThey have no idea at  this point ,they have 6 drills turning  trying to define how big this  gold ore body is, we should know in the next month or two as the drilling fo now is supposed to be done by the end of March  I'm told. They are very optimistic about it  saying that the gold should  pay for all developement as they go and costs of the zinc ore body also,according to Palmiere ,who by the way resigned Yesterday.Wish I was younger ,there's going to be exciting times up in the Snow Lake area in the next few years.JMO
Bullboard Posts

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