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Volcanic Gold Mines Inc T.VG


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

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.


TSXV:VG - Post by User

Bullboard Posts
Comment by goldinontarioon Nov 20, 2013 11:17am
276 Views
Post# 21922878

RE:RE:Not really sure what to think!

RE:RE:Not really sure what to think!It is hard to believe that in this terrible environment for junior golds that management just puts out a PR, which basically says ..."looking for money".  Of course the share price will tank with thoughts of dilution plus others who want to sell their shares to buy the new issuance which comes with added warrants.  This is a rookie mistake by the company.  Here we have a great company in terms of future cash flow potential and they are making rookie mistakes...it is too bad.
Bullboard Posts