Additional precious metal properties have been acquired by Golconda Resources since the company went public at the beginning of this year. In Nevada, the company has acquired a 100% interest in the Cord property. Golconda’s objective is to outline an area of heap leach ore which is amenable to open pit mining.
A second property in Idaho, the Morning Glory, was also acquired. Golconda has the right to earn a 75% interest by spending $500,000 (US) on exploration. Two silver properties were also picked up in Nevada. With working capital exceeding $1.5 million, the company is well funded to carry out preliminary exploration programs on the properties.
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