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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 bishop13on Jun 09, 2011 5:28pm
377 Views
Post# 18695876

RE: Correction

RE: CorrectionI don't think It's just the adjoining property scenario, it's probably more the specific trend that has Osisko's interest. in ThreeGold's property.The similarities between Adanac and Malartic, both SE of the the Cadillac break, seems to be the key to their interest. Their due dilligence may also suggest Threegold's historical work may be a carbon copy of the early days of Malartic. We'll know soon enough, as I would expect this will be one of Osisko's main exploration priorities. If Adanac proves out to be the high tonnage low grade deposit that Osisko is banking on, then their existing mill may already be engineered satisfactorally, to run through the Adanac rock.

From the Northern Miner a couple of years ago...

"The reason everyone before Osisko missed out on the Canadian Malartic deposit is that, over the past century, most attention had been focused on high-grade gold veins or massive sulphides within the Cadillac structural break or immediately north of it.

Osisko’s geological team, on the other hand, recognized the tremendous gold-bearing potential of the porphyries immediately south of the Cadillac break. Osisko was the first to assemble scattered, seemly inconsequential drill results from around the area and see that, while there were no flashy high-grade gold grades, there was potential for huge tonnage."

https://www.republicofmining.com/2010/04/08/the-northern-miner-2009-%E2%80%9Cmining-persons-of-the-year%E2%80%9D-osisko-minings-sean-roosen-john-burzynski-and-robert-wares-%E2%80%93-by-tnm-editorial/

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