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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

Comment by bailey2on Oct 10, 2021 11:42am
167 Views
Post# 33993330

RE:New SeekingAlpha article on Galane, potential 15 bagger

RE:New SeekingAlpha article on Galane, potential 15 baggerIt's a steal down here at this price. The ore is still there at Mupane. They spent extra money to replace old equipment etc, to upgrade the infrastructure. Do it now , or do it later.... Not worried about the final payment getting Summit going. Don't know if it could be a 15 bagger , but certainly looks like a pretty easy 2 or 3 bagger from here. And watch out if the price of gold and silver takes off......If money comes in to the junior gold and silver sector, all boats will rise, especially the producers......glta
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