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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 deelishuson Sep 14, 2011 11:20pm
388 Views
Post# 19043830

Getting Interesting...

Getting Interesting...Remember, initially GBB was looking for higher grade but much deeper veins, but by happy accidents discovered the lower grade but highly mineralized surface values.  So don't be surprised as they drill deeper the higher grades appear.  This is a BONUS at this stage when they dig vertically.
For now they are drilling horizontally to discover the extent of the mineralization (yet to be confirmed).
Once the initial RE is released it seems the true grades and quantity will be realized as they drill for grade and in holes get less and less spread out

FOOD FOR THOUGHT - Today's results: 24 holes - TOTAL lengths drilled: 2897.2 M - AVG 0.435 g/T

Not too shabby

Au approaching $2000 !


Bullboard Posts