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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 Sharpie009on Aug 28, 2011 11:02am
610 Views
Post# 18987193

One drill result disclosed out of 12

One drill result disclosed out of 12 So let's see.They complete 6842 metres of diamond drilling in 12 holes.Management discloses one bonanza grade hole hole at the 563 m level(3 metres) to garner interest for the upcoming spinoff.Absolutely no detail on the other 11 holes released. The poor naive green investor will quickly interpret the lack of disclosure as being a teaser. LOL!!The astute investor or the market correctly interprets the remaining 11 drill holes as being insignificant and non material in nature otherwise public disclosure would be required. Share price goes down to .375. Not surprising even with news release and gold continuing upward climb. Sums it up in a nutshell. In the meantime we wait for the next PP and more dilution.
Bullboard Posts