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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.


TSXV:GGM - Post by User

Granada Gold Mine Inc
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(24)
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Post by steadfaston Nov 16, 2011 11:08am
380 Views
Post# 19241642

735,000 ounces of gold

735,000 ounces of goldThis morning the share price is saying, GBB you have 735,000 ozs of gold x $40 oz inferred - $29.4M

I took a dart and threw it and came up with:
1200 x 500 x 150 meters = 90Million cubicmeters of ore x 2.65 tonne/cubic meters = 238.5 M tons
of ore x a guess of 0.6 gm/ton = 14.31M div by 31.1 gms/oz = 4.6M ozs of gold

Who is way off base - the share price today or my guess????
Bullboard Posts
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