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Granada Gold Mine Inc. V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior mining and exploration company. The Company is engaged in developing and exploring its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, which is adjacent to the Cadillac Break. The Granada Gold Property is located five kilometers south of the mining community of Rouyn-Noranda, Quebec. The property includes the former Granada Gold underground mine. The Company owns about 14.73 square kilometers of land in a combination of mining leases and claims. This near-surface and underground gold deposit, with the added discovery of a Rubidium (alkali metal) deposit, is located 15 minutes from Rouyn-Noranda, Quebec.


TSXV:GGM - Post by User

Bullboard Posts
Post by taylor1988on Oct 20, 2011 11:52pm
388 Views
Post# 19169076

Granada Resource - Initial vs. Now

Granada Resource - Initial vs. NowThis is getting annoying... I have to log out just to read your posts since you've been ignored for so long. I didn't give an exact amount of ounces, the previous calculations provide a ball park for how many ounces GBB will show the market. Based on current dimensions the Resource would likely come in above 5 million ounces, the fact that we only have assays back for 50% of the just under 400 holes drilled means it's only fair to use the structure based on the roughly 200 holes released. 43-101 reports take months, I don't claim to be a geologist nor a professional who can sign off on technical reports such as Resource Estimates. What I can tell you though is using the math I have for GBB I've been able to come within a 10-15% variance of the RVC and TRR deposit Resources which gives me confidence that these ball-park estimates while not precise do hold some weight. Based on GBB's own Preliminary Block Model with a 600 metre strike, 500 metre width and 70 metre thickness as well as grades of 1.42~ g/t au, GBB also came up with a 2.5 million ounce estimate. Frank stated as of 6 months ago that the strike length had been doubled, the width had close to doubled and the thickness was almost close to doubled. If we use this same math but adjust for the average grade being lower than in these estimates (0.6 g/t au), I'll try the math again for you... 875 X 375 X 150 = almost double the tonnage or roughly the same estimate. Due to the fact that gold starts 3 metres before surface and GBB's goal would be an open-pit operation I believe most to all of the gold is economic. Once again what are you trying to dispute? If Goldex worked for AEM over 400 metres below surface for several years, how is our surface gold not economic? And don't even bother mentioning the possiblity of a problem like AEM's Goldex as they are underground and had to shut down due to lack of safety for works to continue operations and mining open-pit and mining over 400 metres underground with rock problems are two different stories. Anything else??
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