Wish I knew what it meant (in the grand scheme of things)!
. . . . . . .
Grenville Secures Bella Rubia S.M.R.L. and Aims at Bulk Sampling Veins at Silveria
Tuesday March 17, 2009, 9:15 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2009) - Grenville Gold Corporation ("Grenville" or "the Company"), (TSX VENTURE:GVG - News; PINK SHEETS:GVLGF - News; FRANKFURT:F9I - News; WKN:A0KELU) announces that Minera Grenville S.A.C., Grenville's 99.99% owned subsidiary, has completed the purchase of all shares of Bella Rubia S.M.R.L. As owners of Bella Rubia S.M.R.L., Grenville is the current owner of the assets of Bella Rubia which are 11 claims totaling 148 Ha within the Silveria area.
Grenville currently owns a total of 6,122 hectares at Silveria. The property is not encumbered by a Net Smelter Royalty (NSR) or further option payments. Grenville has appointed a new Manager for Bella Rubia S.M.R.L. and is working on re-establishing its exploration and development permits. Grenville plans to remove bulk samples for testing at a local mill to determine ore composition and metal recoveries. Grenville expects to expand the operation if positive results are obtained and if sufficient ore is identified during the exploration program.
"Grenville is continuing with its goals of developing the Silveria Property", stated A. Paul Gill, CEO. "We continue to engage in positive dialogue with all stakeholders in the area to attract interest. Furthermore, we have recently hired Gateway Solutions S.A.C and Luc Pigeon M.Sc., P.Geo to oversee our Peruvian interests and insure transparency during the upcoming exploration program. Mr. Pigeon and Gateway Solutions are independent from Grenville.
Another company has claimed that an option on the Bella Rubia claims exists pre-dating Grenville's ownership. Securing Bella Rubia S.M.R.L. protects Grenville's investment in the Bella Rubia claims.
Grenville President and CEO A. Paul Gill held meetings in Peru with groups interested in the projects owned by Grenville. Grenville is in the process of preparing further documents for review.
About Grenville Gold Corporation (www.grenvillegoldcorp.com)
Grenville's strategy is to focus on two key properties in Peru, with past production, with both high grade and disseminated mineralization.
Grenville's Silveria Silver-Zinc-Lead Copper Project covers a total of 6,122 Hectares and is located approximately 80 kilometers east of Lima, Peru near the town of San Mateo and 30 kilometers south-west of Peru Copper's Toromocho property and Pan American Silver's Morococha Mine. The Silveria claims encompass the high grade, past producing Pacococha, Millotingo, Silveria and Germania Mines.
The 7,129 Hectare Espanola Copper-Gold Project is 100 kilometres southeast of Lima and hosts two high grade past producing mines and numerous underground workings. The project is located 15 km east of the producing Raul/Condestable Mines.
On behalf of the Board of Directors,
A. Paul Gill, President & Director
We Seek Safe Harbor.
All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission, the Ontario Securities Commission, and the Alberta Securities Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
(403) 585-9875
Macam Investor Relations
Email: cmacdonald@macamgroup.com
Website: www.macamgroup.com
Paul Gill
Grenville Gold Corporation
President & CEO
Office: (604) 669-8842
Email: info@grenvillegold.com
Website: www.grenvillegoldcorp.com
