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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 steadfaston Mar 05, 2012 9:28am
293 Views
Post# 19626161

RE: RE: RE: What we now know

RE: RE: RE: What we now know

Hi Oscar:

Thank you for your clarification.  About 6 weeks ago an individual who appears to be well

educated in the Mining Industry advised me:

43-101- should be based on 1200 strike x 400 width x 165 depth x 2.65 rock density x 0.6 /3l.1 = 4,049,131 oz

So, conservatively 3.5 - 3.8M ozs, he then went on to say, I believe it will be based on:

1125x400x150x2.65x0.6/31.1 = 3,450,964 ozs of gold, then I multiplied x 94% recovery = 3,250,000 ozs

It is fun guessing, but we just have to wait for numbers from SGS.  They are the pros.

It does appear 0.6g/t is the number of choice.

I have been told from people that know Frank Basa that he is conservative and sounds to me to be

a decent guy.  So, hopefully we will not be disappointed.  Better we guess  a lower number and be

pleasantly surprised.

 

 

Bullboard Posts