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Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Metals & Mining Gold
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

Golconda Gold Ltd > Galane Halted...!!
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Comment by Tadon Mar 16, 2021 11:35am
162 Views
Post# 32807532

RE:RE:RE:Galane Halted...!!

RE:RE:RE:Galane Halted...!!
Then ceo.ca says that buying another mine would indicate Galane is a solid bet and a nice growth story.....I like the sound of that.....best to all 



Wonder if Galane Gold is buying one of the two mines mentioned in their corporate presentation ?

Pure speculation on my part ... 

https://www.galanegold.com/_resources/presentations/corporate-presentation.pdf

See page 14 :

Pan African Resources’ Barberton Gold Mine
In fiscal 2019, produced 99,363 oz Au at a cash cost of US$927/oz Au
Use an oxidization step
JORC resource of 4.0 million oz Au at a grade of 4.19 g/t Au

or

Vantage Goldfields’ Barberton Gold Operations
Technical report supporting annual production of approximately 30,000 oz
Au per year at an average cash cost of approximately US$861/oz Au (1)
JORC resource of 1.9 million oz Au
In Business rescue


Maybe they've hit some decent intercepts and grades during exploration drilling Mupane ? 

https://twitter.com/galanegoldltd?lang=en

We'll see soon enough . 


GLTA ! 


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