Grenville Gold Corp. Works all Angles at Silveria - Katherine Young - Oct 26th 2007
n Open Pit Dream
Len de Melt: “I'm excited about it in two ways. Number one, putting it back into production where it was previously being mined at 2500 tonnes a day. Of course more excited […] by the possibility for another Toromocho type project […] Some people have mentioned as much or possibly as high as 2 million oz of gold just in the tailings […] Our dream is to turn this into a huge open pit mine […] We're doing a huge exploration program and we hope to turn this whole area into one huge open pit."
The Smartstox Talk Show - Stanley Hunt - July 24th, 2007
n Major Interest
Three Majors are keeping an eye on Grenville Gold’s progress: they include Glencore, Solway, Hochschild (and there may be more…).
n Another Toromocho?
"Grenville's investigations show the veins are epithermal in nature resulting from past volcanism. In these systems, precious metals tend to accumulate near the top, while a richer concentration of base metals is found nearer the bottom. Grenville believes the Millotingo mine with its high silver and gold concentration represents the top of such a system, while the other mines with their higher base metal content, would be from lower in that enriched zone. underlying the epithermal veins could be a large porphyry body, and that's what Mr. De Melt would love to prove. The geography and geology of Silveria is similar to that at the Toromocho project just 40 km away. At Toromocho, Peru Copper defined a large open-pittable polymetallic porphyry deposit that is a model for what Silveria may turn out to be. Peru Copper recently sold Toromocho for $850 million."
The Smartstox Talk Show - Stanley Hunt - August 17th, 2007
n High Grade Facts by President
Paul Gill: "[…]the location, the past production, the fact that we've found information on what they've mapped for the next 15 years and not all of it has been exploited, the fact that we've got fantastic silver, high grade silver results already and what they know from the past mining, they've had high grade results come out of the ground. We love the potential of this particular project."
The Smartstox Talk Show - Stanley Hunt - July 24th, 2007
n It All Ties Together!
Grenville Gold's Management are very large shareholders of the company, currently:
- Chairman Len de Melt owns 3,970,613 shares, 538,887 options and 240,000 warrants ($1,538,301.49 spent on common shares at an average cost of $0.387/share).
- President and CEO Paul Gill owns 1,680,500 shares and 375,000 options ($906,485 spent on common shares at an average cost of $0.539/share).
Combined they spent $2,444,786.40 for 5,651,113 shares (at an average cost of $0.433/share)!
On a fully diluted basis Paul Gill and Len de Melt own 6,805,000 shares or 17.4% of the company (39,176,642 shares).
Top 10 filings
Rank Filing Date Value Insider
1 18/09/2006 $274,259.00 Chairman - Len de Melt
2 18/06/2007 $202,555.99 Chairman - Len de Melt
3 28/06/2007 $173,525.00 Chairman - Len de Melt
4 20/06/2007 $171,050.00 Chairman - Len de Melt
5 18/09/2007 $151,645.00 Chairman - Len de Melt
6 16/07/2007 $124,815.00 President - Paul Gill
7 07/06/2007 $122,650.00 Chairman - Len de Melt
8 02/01/2007 $100,000.00 President - Paul Gill
9 21/08/2007 $84,630.00 President - Paul Gill
10 18/04/2007 $76,263.50 Chairman - Len de Melt
n $2 Billion Potential Target
$1,200,000,000 market cap + Another Toromocho? ($850 M) = J
n JNY-V and GVG-V
JOURNEY ENTERS INTO LETTER OF INTENT WITH GRENVILLE GOLD TO ACQUIRE INTEREST AND FORM JOINT VENTURE ON SILVERIA PROJECT
See December 13th 2007 news release for summary details
Disclosure, due your diligence
I_Luv_GVG
