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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 Precious1on Mar 28, 2012 10:38am
222 Views
Post# 19727354

RE: RE: RE: RE: RE: M&MM

RE: RE: RE: RE: RE: M&MM

I also agree with Killingmachine

About 1 million oz 50 / 50

The block model was an estimate BASED ON THE BULK SAMPLE Not the drill head grades

This 43-101 will be based upon drill grades

Most of the last 6 months of the infill drilling of the block model so those will not be in this 43-101

Step out drilling {as far as I understood it} was a smaller amount

It is also my understanding that the cutoff grade will be higher for reasons related to The Royalty program

I also recieved a PM saying the higher cutoff also had something to do with the milling {don't know just passing it along}

I will be happy with  these numbers if the cutoff is relatively high

The 2nd 43-101 in approximately 2 months will lower the cutoff, add the large amount of infill drilling + add what I expect to be some explosive #'s from the 3 deep holes with wedging

Bullboard Posts