NEWS is out. Could create minor excitement. It will be interesting to see how they raise the money, but I believe they do have income. Still researching this one and currently holding 20,000 shares at 5 cents.
Here is the partial news...
VANCOUVER, BRITISH COLUMBIA, Sep 16, 2009 (MARKETWIRE via COMTEX News Network) --
Grenville Gold Corporation's ("Grenville" or "the Company") (TSX VENTURE: GVG)(PINK SHEETS: GVLGF)(FRANKFURT: F9I)(WKN: A0KELU) 99.99% owned subsidiary Minera Grenville S.A.C., has entered into a Letter of Intent Agreement (LOI) with Compania Minera Sunicancha S.A.C. (Sunicancha) to purchase 100% of 13 claims owned by Minera Sunicancha S.A.C. totalling 1,250 Ha. The purchase price is $2 million USD. Grenville has paid $25,000 USD upon siging an LOI and will seek partners to finance the transaction. If $2 million is not paid by December 27, 2009, Grenville may request a two month extension to the payment deadline by paying a further $25,000 USD.
The Silveria Property upon completion will cover 7,272 Ha and is located 80 kilometers east of Lima, Peru near the town of San Mateo. The property is 30 kilometers south-west of Pan American Silver's Morococha Silver Mine and Peru Copper's Toromocho Porphyry Copper Project. Grenville's Silveria claims encompass a majority of the high grade, past producing Pacococha, Millotingo, Silveria and Germania Mines.