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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
Post by railwazeon May 06, 2014 2:23am
176 Views
Post# 22527493

Recent Example of a Toll Milling Agreement in the US

Recent Example of a Toll Milling Agreement in the USUnder the terms of the agreement, Veris Gold will accept for processing, delivery of the Fire Creek material to the Jerritt Canyon Mill, approximately 120 miles northeast of Fire Creek. Klondex will pay to Veris Gold the costs to mill and transport the mineralized material and a toll-milling fee with quarterly adjustments reflecting the change in contributing costs associated with processing of mineralized material. All precious metals milled pursuant to the agreement will be the property of Klondex. The total costs for shipping (transportation) and milling will be $148.50 per ton. Klondex will receive the recoveries achieved by Veris Gold's circuit. - See more at: https://www.klondexmines.com/s/news.asp?ReportID=579889#sthash.K6loRFa5.dpuf
Bullboard Posts