drbubb Posted June 9, 2020 Report Share Posted June 9, 2020 GSVR : Guanajuato (ex.Vangold): High Grade Mexican Gold & Silver They are reviving an old project, in a rich area... before making a value-adding acquisition in 2021 4/12/2022 update: 6mo: After years ... a pleasant Wake-up call for VGLD shareholders El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913 VGLD/ Vangold ... Update: 10d : stock up, after a 10 cents CROSS trade GSVR ... 4yr: 2yr: 1yr: 10d / updated: C$0.59 9.17.2020... VGLD ... back to 2015 - touched $0.205 today Vangold Mining (TSX-V:VGLD). Vangold has an impressive management team including CEO James Anderson and Director Dan Oliver of Myrmikan Capital. This is a team committed to creating shareholder value and doing it the right way. Already, Vangold has taken a 1,000 tonne bulk sample from its flagship El Pinguico Gold & Silver Project near the city of Guanajuato, Mexico and shipped it to Endeavour Silvers Bolanitos Mill which is less than 30 kilometers away. The idea is to monetize existing ore stockpiles at Vangolds El Pinguico Project. El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913. The mining was done exclusively from the El Pinguico and El Carmen veins, which are thought to be splays off the Mother Vein, or Veta Madre. The Veta Madre is associated with a mega fault that outcrops for 25 kilometers, and is the most important source of precious metal mineralization in the region. The Veta Madre may cross VanGolds property at depth, underneath the high grade El Pinguico and El Carmen veins. Its important to note that limited drilling has been done on the property and no drilling has attempted to encounter the Veta Madre at depth. Historic stockpiles of mineralized material exist on surface and underground at El Pinguico, which may potentially provide feed to one of several operational mills in the Guanajuato area. It is these stockpiles that Vangold is aiming to rapidly monetize, and subsequently use some of the proceeds to fund deeper exploration drilling at El Pinguico with an objective of intersecting the Veta Madre at depth. Vangold has only 60 million shares outstanding, however, there are 26 million warrants with a C$.10 exercise price creating a bit of a warrant overhang in the stock. Management assures me they are working on a plan to lift this warrant overhang, bringing C$2.6 million into the companys treasury in the process. I expect that a significant portion of warrant holders will exercise their warrants and hold the shares as a vote of confidence in management and the companys vision, I expect this process to play out over the next 2-3 weeks, and once it is completed, Vangold shares could move substantially higher. (Disclosure: Author is long BYN.V and VGLD.V shares at the time of publishing and may choose to buy or sell at any time without notice.) Link to comment Share on other sites More sharing options...
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