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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 ElGrandeBurritoon Mar 02, 2012 7:04am
413 Views
Post# 19615997

RE: Seems like GBB is getting real active...

RE: Seems like GBB is getting real active...

Roger told me yesterday that there are currently no delays in the preparation of the 43-101 and PEA, so the date is still "the first quarter". SGS has 5 people working on them whereas GENIVAR only used 1 senior person, hence the delays. If the 43-101 is released on time with SGS making it, I think we can be confident that the days of missed deadlines are behind us.

So far, I'm really happy with the way things are going since SGS got involved. Can't wait for the results of the new drill program. If they're positive that would be absolutely huge for GBB. Given the dip of our deposit and YRB's results, I'm pretty optimistic.

What's important in the near future is a sound plan to raise money that avoids dilution as much as possible so the market can be put at ease. We will probably get this after the pending resource estimate. The gold purchase program combined with borrowing against MI gold would be a good signal. They will also receive a couple of millions from the Quebec gov. But I'm hoping that they start milling some of the ore that's already on the site. I hear they just have to wait for the required permits to do that, something they're working on.

Bullboard Posts