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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 taylor1988on Nov 06, 2010 11:41am
365 Views
Post# 17668555

RE: who knows

RE: who knowsWhile I like your optimism I'd be elated to even have one hole come back with these results..
We already know their grade is closer to 2g/t after being milled and bulk sampling but our drills are consistently showing numbers closer to 1-1.5.
I personally think this stock would gap up close to $1.00 if we managed to get an intercept of 250 m of 3 g/t. 
I just don't want anyone having crazy expectations of bonanza intercepts like this, all we need to do here is continue to prove up tonnage and cover surface area outside our block model.  We've already covered an area 450 m N/S by 450 E/W outside of the block model..and we're drilling deep which gives us a better estimation of ozs below the ground rather than the only 70 m thickness presently in the block model (for 2.4 to 2.6 m oz).
Even with an intercept of 250 m with 2 different instances of VG in it I would be surprised to grades at high as 3 g/t across it.  But we can all hope and maybe I'm wrong, personally all I'm looking for is some deeper holes around 1.5 g/t + and maybe some high grade sections..not to mention any of these intercepts we receive aren't simply intercepts but proof of new gold. With the many instances of VG so far in the Phase 2 Campaign I believe we're going to have at least 2 or 3 spectacular holes coming back therefore as long as we're not hitting complete blanks on our other holes we should be off the races anytime, I wouldn't be surprised to see GBB over 1.00 or approaching it soon with announce of Phase 3 and some new Eastern Extension results.
Bullboard Posts