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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
Comment by taylor1988on Dec 03, 2011 9:44pm
375 Views
Post# 19289967

RE: Comments on GBB

RE: Comments on GBBHow do you come to the conclusion that Granada does not warrant an economically viable open-pit deposit when the grades were so high in the past that it was wortwhile to mine an underground deposit. The grades are hardly 0.3 - 0.5 g/t au on average and that's hardly true, of all the drill holes released to date average much closer to 0.6 g/t au. 149.35 m @ 0.825 g/t Au, 152.50 m @ 0.879 g/t Au, 110.00 m @ 1.340 g/t Au, 152.00 m @ 1.360 g/t Au, 127.00 m @ 0.76 g/t Au, 198.00 m @ 0.74 g/t Au, 156.00 m @ 0.60 g/t Au, 106 m @ 0.81 g/t Au, 104 m @ 0.71 g/t Au, 110 m @ 1.01 g/t Au, 98.00 m @ 1.21 g/t Au... For every drill hole that grades between 0.25 - 0.50 theres a more respectable hole of 0.70 - 1.40 g/t au... with a range on average of 0.25 - 1.00, I don't know how you're getting 0.3 - 0.5 g/t Au. They've already proven 93% + recoveries on 0.60 g/t au gold and I believe that to be the grade which is also 0.10 g/t au less than the grade of Grayd Resources who was bought out for $200 million dollars in Mexico with their La India Deposit at 0.70 g/t au. 0.65 g/t au is the grade that Timmins Gold mines at in Mexico. Again how's it too low grade? Kinross mines their deposit in Alaska at 0.43 g/t au with gold at $700 / oz and is still mining - 70 km from any town or workforce... Granada is 5 km from Rouyn.
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