Volcanic Gold Mines – Company Update at the Holly Project And Progress On New Land Concessions Along The Motagua Gold Belt
Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), joins us to outline how things are developing at Holly Project, the Motagua Norte Project, 2 other properties to be optioned from Radius Gold. At Holly we reviewed the recent community and government meetings, which highlight the benefits to all stakeholders, and explain that water will not be a concern, and if anything the company is working on finding water to assist the community.
Another positive we highlighted for this Holly Project is that a mill will not be needed with 2 nearby projects, Escobal and Cerro Blanco, that will have mills in operations. Both Pan American Silver and Bluestone are also seeing more a bit more movement over the last few months on the permitting and community meetings on their projects, which were previously stalled, so the company is also awaiting that news, which will be impactful for Holly.
We wrap up by also reviewing that there are 3 more additional Projects under option and review from Radius mining, along the Motagua gold belt, and the company is seeing very impressive gold in soil anomalies and visible gold at surface at Motagua Norte, that will be a key focus to start trenching and drilling as the year progresses. Simon is constructive that they’ll get things negotiated soon with Radius and the local stakeholders to get those concessions granted in the near future.
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