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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 stranger5on Oct 06, 2010 2:39pm
482 Views
Post# 17536260

RE: Very good news...

RE: Very good news... 
  This is good news . $8 million on this placement plus the $3 mill in the bank gives us $11 million cash to really move this party into high gear with 4 drill rigs . Maybe more ? The warrants should also be worth around $5 million .

  This amount of push going on tells me this is one of the top venture plays around . I would think also we should be moving up slowly in stock price until NR which could be next week right after Canadian Thanks giving weekend . Remember to give thanks to that great NR we are expecting when you bite into that turkey . lol 

  My guess is a 50,000 meter phase 3 drill program to be announced in next NR . Any other guesses ?
Bullboard Posts