Grenville Gold Corporation: Extensive Exploration Program Recommended for Silveria NI43-101 Resource Estimate
January 20 2010 - 11:49AM
Marketwired
Grenville Gold Corporation ("Grenville" or "the Company") (TSX
VENTURE: GVG)(PINK SHEETS: GVLGF)(FRANKFURT: F9I)(WKN: A0KELU)
reports it has received a recommendation from Qualified Person Luc
Pigeon, M.Sc., P.Geo to complete an extensive surface and
underground exploration program including sampling similar to the
program conducted at the Reserva Vein (January 15, 2010 release) on
all the other accessible adits and veins. The goal of the project
is to select drill targets to test the ore shoots downdip
continuity in order to establish NI 43-101 compliant Resources on
the Property. Reserva is one of 33 reported veins at the Silveria
Property (Stone & Godden, 2007) and is located within the
recognized Millotingo-Pacococha polymetallic district near San
Mateo, Lima, Peru.
The Property is also 30 kilometers south-west of Pan American
Silver's Morococha Silver Mine and Chalco's (Chinese Aluminum)
Toromocho Porphyry Copper Project. Grenville's Silveria claims
encompass a majority of the high grade, past producing Pacococha,
Millotingo, Silveria and Germania Mines.
Based upon published information, mine plans, production records
and historic reserve estimations obtained from the previous
operators, Knight Piesold Engineering produced an unregistered 3D
model displaying 42 km of adits. The historic production
amalgamated by the Godden and Stone (2007) Independent NI 43-101
Technical Report indicates that 2.6 million tonnes of ore was
processed at Millotingo producing:
----------------------------------------------------------
Silver (oz) Gold (oz) Copper (lb) Zinc (lb)
----------------------------------------------------------
39,000,000 90,000 97,000,00 44,000,000
----------------------------------------------------------
In addition, records exist for the Pacococha Mine. The same
Authors indicate that 2.7 milion tonnes of ore was processed
producing:
-------------------------------------------------------------------------
Silver (oz) Gold (oz) Copper (lb) Zinc (lb) Lead (lb)
-------------------------------------------------------------------------
8,057,156 unknown 90,000,000 100,000,000 30,000,000
-------------------------------------------------------------------------
The technical information has been reviewed by Luc Pigeon,
M.Sc., P. Geo and Qualified Person for NI 43-101 purposes at
Grenville's Peruvian Properties.
On behalf of the Board of Directors,
A. Paul Gill, President & Director
We Seek Safe Harbor.
Contacts: Grenville Gold Corporation A. Paul Gill Direct: (604)
303-1051 www.grenvillegoldcorp.com
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