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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 Oct 10, 2009 7:54am
438 Views
Post# 16379366

RE: RE: RE: RE: RE: RE: Sale of Company to HBM

RE: RE: RE: RE: RE: RE: Sale of Company to HBMAll I've heard is that part of the last financing  is suposed to be slated for drilling,expansion and infill drilling of  the known gold resource they have on the property already.They are in talks with other's regarding the  re-activation of production of 3 zone. Things are looking a lot better than they did 2 months ago.Gotta love the volume  this last week or so,if they announce  drilling and maybe a time frame for the 3 Zone this baby will rock. HBM need this mill and tailings pond. Mill will have to be all redone to accommadate the gold from Lalor but it will still be much cheaper and less gov.red tape than building a new gold mill.. Many environmental issues  with a new GOLD mill.... JMO
Bullboard Posts