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Volcanic Gold Mines Inc VLMZF


Primary Symbol: V.VG

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.


TSXV:VG - Post by User

Post by Magnum2on Feb 24, 2022 8:59am
282 Views
Post# 34457280

Guatemala joins the list of "unfriendly jurisdictions"

Guatemala joins the list of "unfriendly jurisdictions"...could be a one off, but then again this could just be the start of "hands wanting a greater piece of the pie", lets see if they just go blindly ahead( get another rig) or tackle and solve the local issues?  Obviously the locals know their is something of value here and they want their share...


Central and South America between politics and local issues the Mining World gets narrower and narrower with each passing incident.

Looking for a pullback to enter here, but don't feel VG is way to have exposure here.

DYODD
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