Golconda Gold Ltd V.GG

Alternate Symbol(s): GGGOF

Metals & Mining Gold

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing 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 Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about 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 58.6 square kilometers and is part of the Barberton Greenstone Belt.

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Golconda Gold Ltd

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Post by Betteryear2on May 03, 2022 5:35pm

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Post# 34652827

Completion of the Disposition of its Mupane Property

TORONTO, May 03, 2022 (GLOBE NEWSWIRE) -- Galane Gold Ltd. (“Galane Gold” or the Company”) (TSX-V: GG; OTCQB: GGGOF) today announces that it has completed the sale of its Mupane gold mine in Botswana (the “Mupane Property”) to Hawks Mining Company Proprietary Limited (“Hawks Mining”), a company registered under the laws of Botswana and owned by certain individuals forming part of the Company’s local Botswana management team (the “Transaction”).

Galane Gold Ltd. Announces the Completion of the Disposition of its Mupane Property

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