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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 oscar1412on Apr 28, 2012 8:43pm
212 Views
Post# 19848705

RE: RE: A couple of things

RE: RE: A couple of things

Sorry steadfast when I re read your question I didn't answer the last part.  GBB has said they are looking for underground mineralisation in the deep drill hole program. They are looking for a minimum of two areas; a minimum of 3 metres thick with a minimum grade of 3 g/t.

 

If you look back at their update release they list hole 390 which has 3 areas that exceed their parameters.  That is what we need to get to 3 million plus.

 

As an aside, OSK said they are looking for 3 million ounce open pits.  Right now we are looking more like an underground mine with a small starter open pit to use GBB's description.

Bullboard Posts