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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
Post by homerunstockon Jul 06, 2016 10:32am
61 Views
Post# 25027113

GALAXY PROPERTY TO ADD A LOT MORE Gold Production Soon

GALAXY PROPERTY TO ADD A LOT MORE Gold Production Soonmanagement team has two key operational targets for 2016 and having achieved the first, mining at the main ore body at Tau, is now focused on the second, the resumption of production at Galaxy. The process to recommence operations at Galaxy is ongoing and we have continued to optimize the path forward as we review the multitude of ore sources available to us. Galaxy is a core feature of our long-term strategy to operate long-life and low-cost gold mines that can produce positive returns for investors across commodity cycles."(2)
Bullboard Posts