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VG GOLD CORP. (WKN: A0MYD7) RSS

 
VG GOLD CORP. Strategy

The Company has a two track strategy to build share value.

VG Gold is carrying out an aggressive exploration program with the aim to significantly increase the Company's gold resource. VG Gold is also advancing the properties towards the production stage.


Introduction

VG Gold Corp. is a mining exploration and development company with interests in advanced gold projects located in Timmins, Ontario. VG Gold Corp. is an Ontario corporation that was formed in 1972 and has been active in the Timmins district since the purchase of the Fuller property in 1980. VG Gold has a field office in the Timmins area, staffed by an operations manager and two exploration geologists overseeing the exploration and development of the company's properties. The company's corporate headquarters is located in the Toronto financial community. VG Gold is listed on the TSX Venture exchange under the symbol VG and on the Frankfurt exchange under the symbol VN3.


Business Summary

VG Gold's portfolio of developed gold properties include Fuller, Davidson Tisdale, and Buffalo Ankerite, located in Timmins which has all mining infrastructure necessary for gold production. VG Gold specializes in finding and expanding zones of gold mineralization with exploration drilling, and by advancing the properties to the production stage. Current activities include exploration, mine planning, permitting, and economic studies.

VG Gold's properties are located in the heart of the world class Timmins gold camp. The Fuller and Buffalo Ankerite properties are surrounded by the largest Timmins' producers - the Dome, Hollinger, McIntyre and Aunor mines - that have collectively produced 50 million ounces of gold (Ontario Ministry of Northern Development and Mines). The Davidson Tisdale property is also located in close proximity to these prolific gold producers.

VG Gold has carried out exploration and development work on its Timmins gold properties. These properties are providing VG Gold with the potential to grow and emerge as a Timmins area junior producer. Management's long-term plan is to build the company towards an intermediate gold producer through both mine development and corporate transactions.


Latest Developments


March 6, 2007 - deep drilling program begins on the Fuller and Buffalo Ankerite properties.
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VG GOLD CORP. Chart
 

Ranking

Overall Pearltrader User Analysts
47%
 
44%
 
49%
 

Usercommendations

5 user say: "Hold"
2 user say: "Buy"
 

Trading data

Branche: Mining
Total stock amount: 86300000.00 Pieces
Amount of equity capital:
Market Cap: 29,31 Mio.
Freefloat:
Shareholder structure: Shares Issued 86,276,014
Warrants 11,325,000
Options 4,420,000
Fully Diluted 102,021,014
Discount leader:
Applicant:
German stock exchange listing partner:
Designated Sponsor: