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Granada Gold Mine Inc V.GGM

Alternate Symbol(s):  GBBFF

Metals & Mining Gold
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

Granada Gold Mine Inc
Bullboard Posts
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(26)
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Post by trustee9on Feb 05, 2013 2:21pm
305 Views
Post# 20941647

PEA released....

PEA released....

The PEA recommends a combination of open pit and underground mining with an IRR of 10.1%.

Conclusions:

  • Mineral resource at Grenada is economic
  • More detailed work to increase economic robustness is merited
  • Additional drilling under old historical tailings can greatly impact economics
  • Rolling Start Mine highly recommended before a larger scale mining operation
Bullboard Posts
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