Must read.Anyone see this from the GPGD website? is this new info...this looks like huge news. i don't see this news in any of their pr's.... http://www.grandgoldcorp.com/index.aspx?id=2270
Grand Pacaraima Gold Corp recently acquired, for stock, the Wigwam Group of Mineral Claims on Vancouver Island that contains multi-billon ton inferred reserves of iron ore with an average 7.5% Grade – making it similar in size to the Klukwan reserve in Alaska. Current estimates puts the value at approximately $1.5 Billion USD.
As well the Assessment report 12204, indicates that a number of Pyrite-rich samples had:
The highest titanium oxide ratio at 5% Silver was found at 6.5 grams per tonne The highest platinum value ranging between .16 and .33 percent These claims are in an area that has not been extensively explored in the past, yet is adjacent to mines that have yielded significant returns in the past.
Grand Pacaraima is currently developing plans to complete the exploration to finalize the mineralization concentrations and to begin production.
GPGD has interests in four gold mines in Venezuela that are the Cerro Trompa, San Miguel, Mosquito and Zapata. Metallurgica de Mineras S.A. has previously sampled and assayed these four mines indicating that they contain recoverable gold reserves of 3.6 million ounces and indicated reserves of 5 million ounces.
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