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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Granada Gold Mine Inc. is a Canada-based junior natural resource company. The principal business of the Company is the acquisition, exploration and development of mineral property interests. 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 from a combination of mining leases and claims. The Granada deposit is a quartz-vein mesothermal gold deposit hosted by late Archean Timiskaming sedimentary rock and younger syenite porphyry dykes.


TSXV:GGM - Post by User

Bullboard Posts
Post by Berzyon Apr 23, 2015 7:33am
198 Views
Post# 23655921

comments from website forum

comments from website forum

The question we are trying to answer is the baseline grade at least 0.5 grams per tonne gold. As part of our voluntary site rehab we sample everything. Half a gram and higher keeps up showing everywhere.

If it is, then there maybe no waste to ore ratio. The process economics will change because the mining method will change. Then the current permit CA we are applying for may not fit the new resource model we are now looking at. The other 25 permits we have todate may still apply as they are not resource dependent.

We may have uncovered something bigger than we first envisioned.

Frank

Bullboard Posts