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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 taylor1988on Oct 22, 2010 6:11pm
335 Views
Post# 17601315

useless bashers

useless bashersThe bashing here as of late is completely nonsensical and as booner pointed out not even true for the most part.  I myself when reading over the EGM statistic knew that it didn't sound right. 

As far as the 43-101 is concerned I wouldn't be surprised once the last of the infill drilling results are back that the Preliminary Block Model alone holds 3.5 million oz or more. This number of 2.4 - 2.6 million oz is based on shallow Phase 1 drilling of only 70 m and their bulk sample.  GNH has in recent drilling found much of their VG at depths below 200 m therefore I believe only giving GBB credit for 70 m of depth is quite conservative especially considering GBB has stated several times they are open at depth. 

The Preliminary Block Model is old news in my opinion though, the exciting story is what's outside this portion of their property as they now have two new discoveries.  Their discovery out east GR 10-17 is open in all directions with mineralization and some Phase 2 holes surrounding it have hit VG.  So the immediate Eastern Extension could contain another sizeable portion of gold.  They're also continuing to go further east and they continue to hit feldspar porphyry.

And just recently GBB's southern most hole drilled to date has intersected VG in two different sections. 

So 2 separate Long Bars Zones have been identified if # Zone 2 is anything like the size of #1 which isn't unlikely at this point this stock could easily be trading at multiples of its current SP by the time an initial 43-101 comes out which is anticipated for early 2011.
Bullboard Posts