Galane Gold focuses on exploration investment

In his speech during the official raising of the Galane Gold flag at the mine premises on Monday, Manjengwa said the only gold mining company in Botswana is focusing on investing extensively in exploration.Galane Gold is a Canadian TSX Venture Exchange listed company, a gold producer and explorer with operations in Botswana.

Mupane Gold Mining (Pty) Ltd is a 100 percent owned subsidiary of Galane Gold along with two other companies in Botswana, Shashe Mines (Pty) Ltd and Galane Gold, which is listed on the Botswana Stock Exchange.Galane Gold took over Mupane Gold Mine and Shashe operations from IAM Gold in August 2011 following successful completion of the acquisition deal in July the same year. Mupane Gold Mine operations have been producing an average of 50,000 ounces of gold per year since commissioning and Galane Gold has continued with the same level of productivity.