Granada Gold Mine Inc V.GGM

Alternate Symbol(s): GBBFF

Metals & Mining Gold

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.

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Granada Gold Mine Inc

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Post by deelishuson Feb 15, 2011 3:01pm

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Post# 18137873

In Summary

Newly Delineated Structures
•GR-10-113 (NE Extension zone) vein grading 162.75 g/t gold over 1.09m
•GR-10-131 and 134 (SE Extension zone) what GENIVAR believes to be the same new structure.
 Hole GR-10-134 9.3m averaging 1.09 g/t gold within a 57-metre interval averaging 0.56 g/t gold
 Hole GR-10-131 5m averaging 2.14 g/t gold within a 129-metre interval averaging 0.15 g/t gold
(these are new structures and they do contain gold !
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Eastern Extension zone - 9 additional holes intersected long intervals
 Hole GR-10-153 hit 135m averaging 0.62 g/t gold starting 3.9-m
 Hole GR-10-145 45.9m averaging 0.82 g/t gold

(so these are long widths with decent grades !
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NE Waste Pile Sector
GENIVAR believes it may have intersected the extension of Vein #5 (in the Preliminary Block Model Zone)
This occurred in a larger mineralized envelope that averaged 0.52 g/t over 276m

(again long width with decent grade !
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Trail Sector (Sector between Eastern Extension and Preliminary Block Model area)
It is hypothesized that these faults may have acted as conduits for mineralizing fluids
These intervals, together with lower grade sections averaged 0.74 g/t gold over 198m.
(again long width with decent grade !
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Vein 2 Sector
Hole GR-10-114 intersected 177m averaging 0.51 g/t gold starting 3m
Hole GR-10-54 intersected 110m averaging 0.55 g/t gold starting 19m

In summary, it's great news !!!

there's a lot of gold, at surface
grade to be determined, but we haven't defined structure yet
there's some veins/structures that may be connected that further drilling will confirm

GREAT TIME TO ADD

"that's all I got to say about that" - Forrest Gump