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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 May 06, 2012 2:11pm
390 Views
Post# 19877194

RE: update

RE: update

Security:

Thank you for the update.  I still think GBB has "Blue Sky Potential".

If we lowered our 0.04 to match TRR's at 0.25 I understand our ounces would increase from

1.5M to 2.5M ounces of gold and still be economical to mine.  If this present drill program

confirms 2M ounces of 3 gms/ton - we could have 4.5M ounces.  It is obviously going to take a

few months, however, we have an opportunity to accummulate.

I expect Claude is busy writing the 43-101 technical report as it is due by May 16th so if he

does have any assay results he likely has not got time to concentrate on these til after the 16th..

It is my understanding as long as Frank is at the helm, there will never be a stock consolidation,

so that subject can and should be put to rest.  The shareholders, who took the time to vote, gave

him the votes to continue, so no worries for at least another year. 

Bullboard Posts