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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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Post by BBXon May 17, 2010 1:42pm
497 Views
Post# 17106214

Human Rights assesment for Marlin

Human Rights assesment for Marlin

2010-05-17 12:45 ET - News Release

Mr. Chuck Jeannes reports

GOLDCORP ANNOUNCES RECEIPT OF HUMAN RIGHTS ASSESSMENT REPORT

Goldcorp Inc. has received the final human rights assessment reportfrom the steering committee for the human rights impact assessment ofthe Marlin mine. The report, prepared by On Common Ground ConsultantsInc., is the result of an 18-month assessment of how the Marlin mine'spresence and operations have affected human rights and whether thecompany's policies, procedures and practices comply with internationalhuman rights standards. Goldcorp agreed with a group of its sociallyresponsible shareholders to undertake the independent human rightsimpact assessment of the mine in 2008. The steering committee,comprising a representative of the shareholder group, a representativefrom Guatemala and a company representative, oversaw the assessmentprocess which was guided by the tenets of transparency, independenceand inclusivity.

"The delivery of the assessment report is the next step of acontinuous process of engagement with interested stakeholders," saidChuck Jeannes, Goldcorp's president and chief executive officer."Goldcorp appreciates the diligent efforts by the steering committee tomanage the process, by On Common Ground to conduct the assessment, toanalyze the information gathered and to provide constructiverecommendations to Goldcorp regarding improvements to the company'shuman rights performance, and to all Guatemalans who participated incontributing information to the assessment. This report furtherdemonstrates Goldcorp's commitment to contributing positively to thesustainable prosperity of the communities in which the companyoperates." Consistent with its commitment to respond to the report'sfindings and recommendations, a detailed response to therecommendations and an action plan will be announced once the companyhas had an opportunity to review the over-200-page report.

We seek Safe Harbor.

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