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Gold X Mining Corp. GLDXF

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around Toroparu on its 53,844 hectare (538 km2) 100% owned Upper Puruni Concession.


OTCQX:GLDXF - Post by User

Comment by darter2on Jun 13, 2018 11:28am
155 Views
Post# 28165680

RE:Colombia?!

RE:Colombia?!I don't know, it sounds to me like Gran Columbia (a producer) is taking a big interest in SSP's Toroparu as well (read below).  Sounds like it could be a good fit for both and who knows, with a proposed 15% equity stake in SSP, could Gran Columbia be interested in further financing of the Toroparu mine once the final feasibility is completed later this year?  SSP will need a partner with cash at that point (or get taken out).  There could be much more to more to this....BJMHO.  

"Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented, “The acquisition of an interest in Sandspring represents our first foray to diversify our project exposure outside of Colombia and allows us to leverage our previous experience in the Venezuelan Guyana Shield greenstone belt. The Toroparu Project is considered to be one of the largest undeveloped gold deposits in South America held by independent juniors. The Transaction also allows us to bring in a new partner to proceed with and accelerate the exploration, development and operation of the Guia Antigua Mine, a past producer in our Segovia mining title which is under joint venture with another party and has shown encouraging results through our recent channel sampling program.”


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