Volcanic Gold Mines Inc T.VG

Primary Symbol: V.VG Alternate Symbol(s): VLMZF

Metals & Mining Gold

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.

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Volcanic Gold Mines Inc

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Comment by lecosteon Nov 27, 2012 10:29am

169 Views

Post# 20648544

RE: RE: Another Video

First of all they said, they are producing at a RUN RATE of 150Koz per year. Doesnt mean they will do 150K in 2012. So that is NOT what has been stated. The production cost surely is not $1600/oz. In Q3 it was $1038 and is projected to be $885 in Q4 2012.

There seams to be much room for errors with you, though

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