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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 Sep 10, 2010 9:02am
384 Views
Post# 17433086

RE: RE: 1 news release

RE: RE: 1 news release
Don't forget this paragraph from BMR


As GR-10-53 further demonstrated yesterday (a stellar hole with 68.3 metres of 2.16 g/t Au within a wider envelope of 110.5 metres of 1.34 g/t Au, believed to closely approximate true width), Granada does have a potential higher grade, near-surface “starter pit” within the Preliminary Block Model. The best results are yet to come from the Eastern Extension which now essentially covers the same surface area as the Block Model and where there are great showings in all directions – east, north and even south now - those assays are pending and Gold Bullion has contracted a third lab (ALS Chemex in Val d’Or) to “expedite delivery of additional drill results”. Drilling in the Eastern Extension did not start until June and it appears GENIVAR did not begin to hit all the really good stuff out there until July, so assays on a lot of potentially very good holes are in the pipeline. Just one of those (there are many) is GR-10-86 which, based on visuals, appears to have found an extension to the high grade #2 Vein on a 250-metre step-out east-southeast of the Block Model. Large alteration zones in GR-10-86 with visible gold observed in porphyry and in a quartz vein at two different depths.



Don
Bullboard Posts