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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 ElGrandeBurritoon Nov 29, 2010 6:28am
454 Views
Post# 17769245

BMR Week In Review

BMR Week In ReviewGold Bullion recorded its 3rd straight weekly advance, gaining 3 more pennies to close at 66 cents on CDNX volume of 3.8 million shares (there was also significant GBB volume through the ALPHA market)…bears tried but failed to drive GBBbelow important and strong support at 60 cents last Monday and Tuesday,and an intra-day reversal Tuesday sent the stock as high as 66 cents…on Wednesday GBB touched 69 cents where there is stiff resistance (right around the $100 million market cap area)…GBB’s chartis a picture of beauty, however, which is why we believe there is amuch greater probability of a powerful move through resistance than acollapse below support…GBB’s chart shows a slow but steady progression since the late June/early July 40% correction…all of GBB’s moving averages are once again in bullish alignment with the RSI and Stochastics at reasonable levels…the Chaikin Money Flow (CMF) indicator shows buying pressure has steadily increased throughout the month…all inall, the technical evidence suggests that Gold Bullionis in the midst of a new up-leg…fundamentally, the latest drill results demonstrate that the LONG Bars Zone is widening…this is important for the geometry of the deposit…it’s our theory that the mineralization GENIVAR is discovering in the northern portion of the Eastern Extension actually begins to the west above the Preliminary Block Model…the drillrig, the “truth machine”, will confirm in due course if that is indeed  the case…at this point there’s no question there’s strong new potential for the LONG Bars Zone going north, and Hole #86 (1 gram over 84.6metres near-surface) shows there is also new potential going south…to the east, of course, it’s all “blue sky” as Gold Bullionhas several kilometres of highly prospective strike length still to explore (LONG Bars Zone 2 is nearly 2 kilometres east of Phase 1discovery hole #17)…BMR has been pounding the table on GBB since December of last year when the stock was sitting at just 7 cents,so it’s nice to see respected writers such as Jay Taylor begin to take an interest in the story…we truly believe these are still the very “early days” for Gold Bullion and Granada with much more excitement to come…BMR followers who listened to our interview with Everton Resources (EVR, TSX-V) President and CEO Andre Audet over the weekend may have picked up on his comment near the end of the interview that Granada is “the making of an area play”…Audet knows the Cadillac Trend very well and we think he made that statement because he genuinely believes it, not just becausehe happens to be a large shareholder in Adventure Gold (AGE, TSX-V)…
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