Grenville Gold Corporation: Focused on Near-Term Production

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Mon, May 26, 2008
Uncategorized
Post by Melissa Pistilli, Silver Reporter

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Overview

Grenville Gold Corp. is a Vancouver-based junior public company acquiring and developing precious and base metals deposits in South America. The growth strategy is focused on the acquisition of advanced exploration, near production, and past producing deposits with strong potential for near-term, low cost production.Our goal is to create value for our shareholders through the acquisition and exploration of high quality advance precious and base metals targets in South America.

Chief Properties

Silveria property (San Mateo Mining District, Peru)

Grenville’s flagship project involves four past-producing silver mines (with co-existing gold, copper, zinc and lead mineralization) that span an expansive 3,959-hectare land package known as the Silveria Property in the historically mineral-rich San Mateo Mining District near Peru’s capital, Lima.

Silveria Minerals to Scale

Of special significance, the wholly-owned Silveria Property includes two of the highest grade silver producers that Peru has ever seen, albeit with modest production histories. Known as the Pacococha and Millotingo mines, these largely under-developed ore bodies have historically yielded around 498 grams per tonne (g/t) of silver over a 30-year period. This translates into 14.5 ounces per short ton. An impressive number, to say the least.

The San Mateo Mining District constitutes a great starting point for the implementation of this high-octane growth strategy. The true potential of the Silveria Project remains a mystery, but with 39 million ounces of historical production, a neighbour (Goldhawk Resources) operating a commercial mine and a mining address that boasts mills operated by Glencore, Pan American Silver, Peruvian company Vulcan and a corporate buyout by Chinese interests of Peru Copper, there is much anticipation over the first serious exploration program which is soon to be launched by Joint Venture partner Journey Resources. Silver was initially targeted at relatively shallow depths based on the extensive networks of epithermal veins.

Again, untold quantities of co-existing copper, zinc and lead resources, with some smaller gold credits, promise to reinforce this project’s potential to become a real ‘company maker.”

La Espanola property (Canete Province, Peru)

Elsewhere in Peru, the Company’s second most important mining venture to date is the sizeable 3,600-hectare La Espanola Project. This involves the rehabilitation and further development of two past-producing copper mines.

Espanola Rock Sample

Located in the Coayllo District of Canete Province, the property is a mere 100 kilometres southeast of Lima. In a preliminary rock sampling program, Grenville has found plenty of encouragement by way 45 samples that average an especially impressive high grade of 2.51% copper.

Management

  • A. Paul Gill – President & CEO, Director
  • Melvin T. Rokosh – Chief Financial Officer & Corporate Secretary, Director
  • Michael Kraft – Director
  • Roger N. Farrier – Director

Media Links

Opportunity Show Interview – with Paul Gill, President & CEO

Corporate Presentation

Share Information

Issued and Outstanding:
Warrants:
Options:
Fully Diluted:
Stock Exchange:
31,984,845
4,804,533
3,280,000
40,069,378
TSX:GVG, Frankfurt:F9I

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