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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 tomgraniteon Dec 05, 2017 2:24am
62 Views
Post# 27090830

RE:RE:RE:RE:RE:RE:RE:Financing from England

RE:RE:RE:RE:RE:RE:RE:Financing from England

It's not explicit who the owner of the mill will be, but according to the NR of Oct. 31st, CSR will be the operator:

The funding for the mill, which is to be installed at the historic Castle Silver Mine, will be financed by debt in the amount of US$20 million, which debt raise will be facilitated by a family office in the UK.

Processing of the Granada Gold Mine ore off-site will be treated as a custom milling agreement with a third party and will work within the parameters of the PFS completed June 19, 2014 whereby Castle Silver Resources will be the operator of the Mill.  Granada Gold Mine and Castle Silver Resources share common directors and therefore are related parties.


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