Volcanic Gold Mines – Exploration Update At The Holly Project In Preparation Of Maiden Resource Estimate
Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), joins us for an exploration and update a the Holly Project, in Guatemala, as well as on the Banderas Project, and 3 other Projects under option and review from Radius Gold.
We discussed how promising the drilling at the Holly Project has gone over the last year, but addressed the vandalism incident in February, that is now being addressed by the local and state municipalities, and charges are being filed against the aggressors. Simon is still very constructive on how things are developing at Holly and believes the best next step forward is to put out an inferred Resource Estimate in the next month, and show the community, all stakeholders, and investors how robust the project is, that a mill is not needed with 2 nearby projects that will have mills in operations, and that they are far above the water table and will not need much surface disturbance as it will be a high-grade underground mining scenario.
We wrap up by also reviewing that there are 3 more additional Projects under option and review from Radius mining, in addition to the Banderas Project where work on the social licensing, land permits, and ground work is still underway by the Volcanic Gold team.
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