Galane Gold Receives Mining License for Tekwane

Galane Gold Ltd. (TSXV:GG) has received the mining licence for the Tekwane project in Botswana. To assist in the extraction of the gold, the Company has started the construction of a gravity plant which is expected to be completed in June 2015. Mining is planned in Q2 2015 and is expected to be completed by the end of 2015.

As quoted in the press release:

To assist in the extraction of the gold, the Company has started the construction of a gravity plant. The plant will cost approximately $600,000, which will be funded from cash from operations, and is expected to be completed in June 2015.(2) Galane Gold anticipates at least an 83% recovery consistent with our current reported recoveries.(2) However, since Tekwane is an oxide, free gold, near-surface deposit it is anticipated that recoveries will exceed the historical recoveries of other deposits on the mining lease area.

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