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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

Post by Metal10on Sep 12, 2017 10:09am
79 Views
Post# 26684199

Interesting Development Right Near Gold Corp In Timmins

Interesting Development Right Near Gold Corp In Timmins Melkior Resources came out with a news release providing a drilling update which was quite interesting: 

"The “Behemoth Zone”, a second and larger area of interest, has been encountered by both CAR-17-13 and CAR-17-16 at depths ranging from 225 m to 425 m downhole. The Behemoth Zone is comprised of multiple distinct mineralized zones in both of these drill holes. Observations indicate that the mineralization in these two drill holes is related to a broad complex (north-south trending?)  structure that has experienced multiple periods of deformation. There seems to be a general commonality to the zones where the granite has been crushed, circulating hydrothermal fluids produce a pronounced silicified zone marginal and within these cataclastic zones. Multiple periods of deformation have locally produced further cataclastic deformation, brittle failure with associated quartz veining, brecciation with associated intense silicification and shearing. Pyrite is commonly associated with these cataclastic zones and later silicifying and mineralizing events. Visible gold was observed in one location in CAR-17-13 within a structural zone."

Read Here: https://www.melkior.com/melkior-drilling-update/
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