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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 austrochrison Apr 02, 2023 11:59am
221 Views
Post# 35374575

RE:RE:How much money have you made so far..

RE:RE:How much money have you made so far..OUTLOOK from November

Following declaration of commercial production at the Galaxy Property in Q4 2021, the Company continues working on plans to execute phase 2 of the Galaxy Property development plan which is expected to result in an annualized production ramp up to between 24,000 and 27,000 payable ounces of gold through the addition of new mining equipment and additional face workings. Work commenced in Q3 2022 (as defined below) to commission the new, larger 50,000 tonne per month ball mill and it is expected that commissioning will be completed by the end of the year, with operation of the mill commencing in 2023. Management continues a comprehensive review of options to increase production through the exploitation of the 21 other mineralised bodies at the Galaxy Property. 

The new level 22  adit seems to work smoothly  , from which ore can be deliverd very easy to the processing plant !
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