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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
Comment by don118on Aug 31, 2010 12:58pm
346 Views
Post# 17400144

RE: RE: Great news for Granada!

RE: RE: Great news for Granada!Not only did they buy the property next door! they paid quite a bit for it. A million bucks and a net smelter return of 1% which could be worth hundreds  of thousands a month or at least per quarter.
This is great news. Whoever owns the property next door will never have to work again thats for sure. To pay that much Frank and Genivar must be extremely confident that we have a good sized mine to come.
Then to mention that we will have results the week of the 6th is bold. I would place my bets folks. Shorts had better cover. I have a feeling we will be in the elevator going up.
Don
Bullboard Posts