Granada Gold: Production-ready High-grade Gold Project on Quebec’s Cadillac Trend

TL;DR

Grenada Gold Mines is a fully permitted mining company in Quebec, with a focus on developing a high-grade gold mine. They have already produced a resource of 1.2 million ounces of gold and are confident in finding even more high-grade sections in their remaining unexplored property.

Transcript

Frank Basso welcome back well it's a pleasure to be back thanks for having me I was like to ask my guests to tell us the name of your company what your symbol is and what markets you're trading because they're now way you get it right yeah totally yeah it's called Grenada gold mines and the symbol is PGM and we trade on the TSX Venture and you're p... Read More

Key Insights

• ✋ Grenada Gold Mines is fully permitted and focused on developing a high-grade gold mine in Quebec.
• 🈴 The company has already produced a resource of 1.2 million ounces of gold with an average grade of 11.2 grams per ton.
• 🔒 Quebec's permitting process ensures the security and viability of the property for investors.
• ♿ Grenada Gold Mines has access to existing infrastructure and positive relationships with the local community and First Nations.
• ✋ Their exploration efforts have focused on a 5.5 kilometer long structure, with high-grade sections yet to be discovered.
• ✋ The company plans to continue drilling and is confident in finding more high-grade gold.
• 🏅 Quebec's resource-friendly environment and location on the Cadillac trend make it an attractive area for gold mining.

Questions & Answers

Q: What is the focus of Grenada Gold Mines?

Grenada Gold Mines is primarily focused on developing a high-grade gold mine in Quebec. They have already produced a resource of 1.2 million ounces of gold, and their real value lies in a former high-grade mine on their property.

Q: How long did the permitting process in Quebec take for Grenada Gold Mines?

The permitting process in Quebec took two years for Grenada Gold Mines to complete. This process ensures the security and viability of the property for investors.

Q: What sets Grenada Gold Mines apart from other mining companies in Quebec?

Grenada Gold Mines is unique in its focus on a 5.5 kilometer long structure, where they have already found high-grade sections that were never discovered in the past. They are confident in finding even more high-grade gold with their ongoing drill program.

Q: What is the infrastructure like in the area where Grenada Gold Mines is located?

Grenada Gold Mines has access to provincial highways to their property and power infrastructure is already in place. The company has also formed positive relationships with the local community and First Nations, making it easier to operate and receive support.

Summary & Key Takeaways

• Grenada Gold Mines is a mining company based in Quebec, trading on the TSX Venture. They have focused their exploration efforts on a 5.5 kilometer long structure, with the goal of developing a high-grade gold mine.

• The company has already produced a resource of 1.2 million ounces of gold, with an average grade of 11.2 grams per ton. Their real value lies in a former high-grade mine on their property, which operated at 9.7 grams per ton and has two shafts.

• Grenada Gold Mines has gone through a strict permitting process in Quebec, which took two years to complete. This process ensures the security and viability of the property for investors.