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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 Apr 28, 2012 6:03pm
230 Views
Post# 19848489

RE: A couple of things

RE: A couple of things

Oscar:

Are you saying the only ounces we can count are:

 97,700 measured +

543,400 indicated +

846,600 inferred = 1,487,900 ounces

Yes, I understand this is based on 56,000 of the 80,000 mtrs drilled. 

SGS used 321 holes, so we have 83 holes for next re.  You stated don't know how much that will

increase the re but it won't be 25%.  I presume you are indicating less than 25%.  We know OSK

are looking for mines with potential of 3M+ ozs.  This is the # to get their attention.  I presume the

prudent thing to do is to keep accumulating at these cheap prices.  What I need to know is:

The lower the grade, the higher the # of ounces, but then we have to consider the economics to

produce.  So, to get 3M ounces what is estimated grade?

 

Bullboard Posts