More Gbb Pictures & Info from Sector NewsWire.com from https://sectornewswire.com/release120613gbb.htm
Large resource growth potential:Management is confidently targeting** a 4.6 million total oz Gold resource in its next major phases of drilling (looking to add ~2 million ounces of 3+ g/T material).
GBB.V's Granada Mine deposit contains* 1.605 million oz Gold Measured & Indicated, and 1.033 million oz Gold Inferred resource, both at 1.0 g/t gold. A PFS (scheduled for delivery this Q4 2013) is expected to show the viability of open pit based production targeting high-grade (2 - 3 g/T and more) mineralization over a mining horizon of 3-4 years rolling start as an interim step towards development of the deposit. The plan is to continue underground afterwards.
Figure 1. (above) Granada Mine plan view & inset of drill hole locations - The contours of the proposed new smaller (than the pit proposed in the PEA) open pit on surface are visible in the cross sectional view of the deposit (seen above). Also visible from this view are diamond drill holes, in part, that have been done. The drill holes to the north (right side of the image above) are deeper holes as the trend of the high-grade is going down in that direction. There are five veins comprising nine zones, the five veins descend on a 45 - 50 degree going north. The Cadillac fault is north of the Granada Property. The depth of the deepest section of the proposed open pit design shown in the image above is 80 metres (~260 feet).
Large resource growth potential:Management is confidently targeting** a 4.6 million total oz Gold resource in its next major phases of drilling (looking to add ~2 million ounces of 3+ g/T material).
**Targets: Company is targeting an additional 1 to 2 million ounces grading 3 to 4 grams per tonne within 10 to 15 million tonnes to this total (as per November 26, 2012 release) with subsequent drill programmes. The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential stated above is based on projections within the mineralized plan of two and three mineralized zones of 3 meters true width on the west and east side of the deep hole program under highly drilled surface mineralization.