Galane Gold Ltd. is a mineral mining company primarily focused on the acquisition, evaluation, exploration, development, extraction, commercialization and advancement of precious metal properties, specifically gold. Galane Gold Ltd. is a publicly listed company on the Toronto Venture Stock Exchange, with its common shares trading under the ticker symbol GG. In addition to the TSXV, the gold producer and exploration company lists and trades its common shares under the stock symbol GGGOF in the US.
The Toronto-based natural resource mining company operates the Mupane Gold Mine situated approximately 30 kilometers southeast of Francistown, in the northwestern part of Botswana. Since 2005, the Mupane Mine has been in operation and has produced more than 700,000 ounces of gold.
The Mupane property consists of an underground mine and an open-pit mine with a processing facility, which includes a crusher, mill, flotation and carbon-in leach (CIL) characterized by gravity gold to improve the Au recovery process.
In November 2015, the gold producer acquired the Galaxy Gold Mine, located eight kilometers west of Barberton, in Mpumalanga, South Africa. The Property encompasses a total land area of 58.6 square kilometers along the Barberton Greenstone Belt.
The Galaxy Project hosts 21 ore bodies, which include Galaxy, Woodbine and Giles, and Princeton. The property also consists of a processing plant including a crusher, mill and floatation facility.
On May 19, 2021, Galane Gold acquired the Summit and Banner Mill from Pyramid Peak Mining, LLC., a 100 per cent owned subsidiary of Waterton Precious Metals Fund II Cayman, LP. The Summit Project consists of patented and unpatented mineral concessions and mineral leases spanning a total land area of some 4,000 acres in the Steeple Rock Mining District, New Mexico, United States. The Summit Mine hosts gold-silver infused epithermal, low sulphide mineralization.
Banner Mill is a flotation facility with a capacity of processing 240 tons per day of mineral feed. The Banner Mill is some 57 miles away from the Summit Mine.
The Gold focused mineral explorer operates through its three 100 per cent owned subsidiaries:
Mupane Gold Mining (Pty)
Galaxy Gold Ltd.
Summit Gold Corporation
Galane Gold Ltd. is working on exploration and drilling operations to discover new target zones and exploit the identified prospects to expand the current mineral resource estimates at its project sites.