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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 Heywood_Silverson Oct 21, 2020 11:48pm
96 Views
Post# 31760327

RE:RE:RE:interesting

RE:RE:RE:interestingNo, I haven't done any digging about for info on the Chicharron project.  Worst case scenario is that the previous poster was correct that the company walked away from it, writing it off.  If that is the case, I just chalk it up to GoldX relieving a low quality asset off the books of Gran Colombia in order to appease them for becoming a majority shareholder.

As far as the extra drilling is concerned, it is better than sitting on their hands.  Any positive results from the drilling should be accretive to shareholders and will boost any evenutal buyout price.
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