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Canadian Company Spotlight

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Grandview Gold Inc. Website:
Click Here |
Information As Of December
31,
2007 |
| Exchange:
TSX |
Market Cap:
21.1 Million |
| Outstanding Shares:
33.5 Million |
52 Low / High:
$0.275 / $1.40 |
|
Price
December 31, 2007:
$0.63 |
GVX Stock Quote and News:
Click Here |
"Since
gold began free-trading, gold prices and the U.S. dollar have
moved in opposite directions more than 80% of the time.
The continuing decline of the US dollar, current geopolitical
tensions, rising commodity prices, and strong purchases
occurring on price dips, indicate a favorable outlook for
rising gold demand and higher prices."
Overview
Grandview Gold is a development stage junior
mining company headquartered in Toronto, Canada, focused on
the creation of exceptional value for shareholders through
applying advanced geology, geochemistry and geophysics to
explore and develop high-grade gold properties in low
political risk environments in the United States and Canada.
Currently, Grandview has important
mid-stage gold exploration projects within North America's
pre-eminent gold camps, including three projects in the 30
million oz gold Red Lake Gold District in Ontario, Canada, and
the 28 square mile (the largest consolidated Carlin Trend land
position not held by a major) Pony Creek Project on the 175
million oz Carlin Trend in north central Nevada, USA. The
company also has three properties in the Manitoba's emerging
Rice Lake Gold District, near San Gold's 1.4 million ounce
Rice Lake Mine.

Investment
Highlights
- Grandview has proven new
management. After a successful re-organization, the company
recently enjoyed a considerable spike in share price after
releasing excellent assays on their Red Lake and Carlin
Trend properties.
- The entire Carlin Trend contains
more than 200 million ounces of gold and has produced
approximately 75 million ounces since the mid-1960s, worth
about $60 billion at today's prices.
- The Carlin Trend, where Grandview Gold has the Pony
Creek/Elliot Dome Project is the most prolific gold
district in Nevada, and the second richest in the world.
- The entire Carlin Trend contains more than 200 million
ounces of gold and has produced approximately 75 million
ounces since the mid-1960s, worth about $50 billion at
today's prices.
- Grandview Gold's Pony Creek/Elliot Dome represents the
largest Carlin Trend land parcel not held by a major, and
has a NI 43-101 compliant resource of 1.43M oz Au.
- The Company currently holds earning interests ranging
from 50% to 100% in eight mining properties spread across
three gold-producing regions and covering an area of 13,740
hectares.
- Since the mid-1960s, the Red Lake District has yielded
over 30 million ounces of gold valued at more than $24
billion at today's prices.
- Beacon Equity Research gave Grandview Gold, Inc. a
Speculative Buy rating and a $3.54 price target in October
2007.
- Beacon reported that Grandview's
estimated resources exceed those of US Gold (TSX:UXG,
trading at $4.04 per share), and Premier Gold (TSX:PG,
trading at $2.80 per share), but that only Grandview has
properties in both the Red Lake Gold District and the Carlin
Trend.
- Year-round exploration program.
- Grandview geologists contribute 250 years cumulative
exploration and mining experience to Company projects.
- According to the 2007 US Geological Survey, the
estimated value of US metal mine production in 2006 was more
than $23.5 billion, or about 51% more than 2005. Metals
showing the largest production gains were zinc (117%),
copper (97%), palladium (65%) and gold (68%).
- Gold price gains reflect significantly higher world oil
prices (and associated concerns over inflation), as well as
terrorist activity and production disruptions at a number of
worldwide mining operations. Gold hit a high of $840 in
November 2007.
- eResearch gave Grandview Gold, Inc. a Speculative Buy
rating and a $1.35 price target in October 2007.
Carlin Trend Property
Grandview has earned an 80% interest in the 28 square-mile,
7,285 hectare Pony Creek/Elliot Dome Property on the Carlin
Trend in north central Nevada. The Company is currently
aggressively exploring and developing three primary target
areas, namely Pony Creek West, Red Rock and Pony Creek South.
The Pony Creek/Elliot Dome project is the largest
consolidated land position on the 200 million ounce (gold)
Carlin Trend, not already owned by a major.
The Carlin Trend consists of a 40 square mile
north-west/south-east gold belt that contains more than 20
major gold deposits including Newmont's Rain and Midas mines
and Barrick's Goldstrike Property, host to the Betze-Post and
Meikle mines.
Considered the second largest gold depository in the world,
preceded only by the Witswatersrand region in South Africa,
the Carlin Trend is estimated to host a gold resource of over
100 million ounces of gold worth over $80 billion at today's
prices.
Over 90% of the mineralization discovered to date on the
Property lies within 500 feet of the surface and occurs
primarily along north and north-east trending structures
within the rhyolite intrusive body and in silicified and
altered Mississippian to Permian clastic rocks immediately
beneath and adjacent to the intrusive. Recent evaluation of
gold potential on the Pony Creek Property has resulted in a
calculation of an inferred gold resource of 32.4 million tons
at a grade of 0.044 ounces of gold per ton for 1.43 million
ounces of contained gold.
2007 season drilling in the Pony
Creek South inferred resource area produced spectacular
results like 2.59 g/t Au over 42.7 metres, including 13.45 g/t
Au over 1.6 metres, and 9.49 g/t Au over 9.2 metres. Also of
note was a 36.6 metre interval grading 2.18 g/t Au, including
3.29 g/t Au over 12.2 metres, and 3.18 g/t Au over 6.1 metres.
Red Lake Gold
District
Grandview has significant interests in the 30
million ounce gold Red Lake Mining District of southwest
Ontario and is exploring and developing three gold projects in
close proximity to Goldcorp's 11 million ounce Red Lake Mine.
SANSHAW-BONANZA
Grandview has an option to earn 60% interest in the 10 claim,
two patent Sanshaw-Bonanza Property on the Red Lake Mine
Trend, five kilometers south of the Red Lake Mine on the
western strike extension of the Goldcorp/Premier Gold Rahill-Bonanza
JV property.
Since acquiring the property in early 2007,
Grandview Gold has commenced a thorough compilation of
previous exploration, to obtain precise information on
mineralization, ore geometry, overall geological controls.
Preliminary data, processed in Gemcom, is assisting in the
planning development of future drill programmes.
All significant gold mineralization outlined to date on the
Bonanza Property appears to be directly related to two stages
of mineralized quartz veining within conjugate fracture
shear-sets within the granodiorite Dome Stock or within its
contact zone.
Previous drilling geophysical surveying has indicated a
potential for additional mineralization along a North-South
structural trend, offshore of Whitehorse Island. With
continued positive results from the Premier Gold Mines' drill
programme to the north-east, there is also potential for the
south-west continuation of their Rahill-Bonanza zone (CP Zone)
onto the Bonanza property.
DIXIE LAKE
Grandview has a 64% undivided interest
in the 48 claim, 1,664 hectare Dixie Lake Project located 16
miles south of the Red Lake Mine. The Dixie Lake Project has
an established gold resource (Teck, 1989). Diamond drilling
and surface mapping is ongoing on the property. The 2007 drill
program produced excellent assays like 22.90 g/t Au over 2.86
metre including 61.97 g/t Au over 1 metre, and 163.75 g/t Au
over 0.47 metre.
LOISAN
Grandview Gold holds 100% interest in eight mining claims
covering approximately 60 hectares in close proximity to
Goldcorp's prolific Red Lake Mine, one of the richest, lowest
cost production gold mines in the world.
While no exploration program is planned at this time, Company
geologists are currently reviewing available historic regional
and property geology.
Rice Lake Gold
District
Grandview is exploring three grass roots stage gold projects
in Manitoba's emerging Rice Lake Gold District located
approximately 80 kilometres west of the 30 million ounce Red
Lake District in Ontario. Rice Lake and Red Lake share many
geologic features but are separated by a provincial border.
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The Company has 100% interest in the Banksian
gold property; an additional 3,975 hectares known as the GVG
Project; and has an option to earn a 50% interest in the seven
claim, 1,594 hectare Gem claim group --- known collectively as
the Banksian/Gem/GVG project.
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Grandview holds 100% interest in the five
claim, 79 hectare Bissett Project located in close proximity
to the two million ounce Rice Lake Gold (formerly San Antonio)
Project.
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The Company holds 100% interest in the 11
claim, 235 hectare Angelina gold property located 24
kilometres south east of the Rice Lake Gold Project.
Lac Du Bonnet
District
The Lac du Bonnet Mining District is located
in southeast Manitoba about 60 kilometers south of the Rice
Lake Gold District. This area has a long history of
exploration dating back to 1896 when the Lac du Bonnet
Development Company was formed to prospect for mineral rights
and timber, and the first claims were staked.
The district has seen little
exploration. Outside the known mineral producing areas, the
geological potential for gold discovery on and along the Rice
Lake greenstone belt in southeastern Manitoba is considered
high and consequently more and more juniors are attracted to
the area.
Rocky Ridge
Grandview has an option to earn a 70% interest
in the Rocky Ridge gold Project from Harvest Gold Corp.
The Rocky Ridge property is located 170 km by
all-weather-access road from Manitoba's capital city of
Winnipeg, and covers an 11.2 square kilometer area over a
seven kilometer strike length of the East Peterson Creek
Deformation Zone ("EPCDZ"). Rocky Ridge is located 3 km north
of the Bird River greenstone belt which is associated with the
Rice Lake greenstone belt.
Gold was discovered on the Property in 1993 but no work was
done after 1997. The Property contains high-grade gold
showings and significant historic gold mineralization.
The Company believes that work on Rocky Ridge to date shows
potential for both high-grade and narrow vein mineralization,
and ultimately, the potential for development of a new gold
district.
Gold Production
US Gold Production
The United States is the world's third largest gold producer,
behind South Africa and Australia. In 2006, US gold was
produced from about 50 lode mines, a dozen or more large
placer mines (nearly all in Alaska), and numerous smaller
placer mines (mostly in Alaska and in the Western US). In
addition, a small amount of domestic gold was recovered as a
byproduct of processing base metals, chiefly copper. Thirty
mines together account for more than 99% of the gold produced
in the US. The value of 2006 mine production was about $5.1
billion, an increase of 28% since 1995.
Canadian Gold Production
Canada is one of the largest mining nations in the world,
producing more than 60 minerals and metals. The mining and
mineral processing industries represented 3.7% of Canada's GDP
in 2006, contributing $40.0 billion to the Canadian economy.
Canada ranks eighth in the world for gold production. The
value of Canadian gold production fell to $2 billion in 2005,
then rose in 2006 as a result of renewed exploration and
development activity at a number of new and existing gold
mines across the country. Three provinces dominate domestic
mine output and represent 94% of Canada's total gold
production: Ontario -60%, British Columbia -14% and Quebec -
20%.
Gold Facts
-
Historically, in rising gold markets, gold
stocks tend to move farther and faster than bouillon.
-
Interest rates and inflationary pressures are
low by comparison.
-
Increased global unrest encourages gold
investment as a safe haven in troubled times.
-
China is booming. The Chinese government
recently de-regulated private ownership of and investment in
gold, introducing 1.3 billion people to an already pressured
gold market.
-
India is thriving and with a population
exceeding 1.1 billion, has the fastest-growing middle class in
the world. Indians favor gold over other investments,
including real estate.
-
Diminished supply and increased demand for
gold, particularly in jewelry sector (India leading the way).
-
As real or perceived global chaos ensues, gold
becomes attractive as a global currency.
-
Since gold began free-trading, gold prices and
the U.S. dollar have moved in opposite directions more than
80% of the time.
Recent News and
Press Releases
Grandview Gold Inc. Announces Private Placement (Fri, Dec 21)
Grandview Prepares to Mobilize to Red Lake Gold District (Wed,
Dec 19)
Grandview's First-Pass Drilling Indicates Discovery of Two New
Rice Lake Gold Zones Four of Seven Preliminary Holes Drilled
Returned Promising Gold Values (Wed, Dec 12)
Grandview Chairman Issues Letter to Shareholders (Wed, Nov 28)
Grandview Gold Inc. Announces Private Placement (Fri, Nov 23)
Grandview President Issues First Annual Letter to Shareholders
(Tue, Nov 20)
Grandview's Final Carlin Trend Assays Extend Mineralized Zone;
Drill Holes Return Gold Values as High as 3.06 g/tonne Over 20
ft. (Thu, Nov 8)
Grandview Announces Significant Carlin Trend Drilling Results
(Thu, Nov 1)
Grandview Gold Commences Rice Lake Gold District Drilling
(Thu, Oct 25)
Grandview Completes Red Lake Project Earn-In: Increasing Dixie
Lake Property Interest to 64% (Wed, Oct 17)
Grandview Drills 2.18 Grams/Tonne Gold Over 120 ft on Carlin
Trend Property (Wed, Oct 10)
Grandview Gold Grants Incentive Options (Fri, Oct 5)
Grandview Mobilizes Diamond Drill to Rice Lake Gold District
(Tue, Oct 2)
Grandview Completes Initial 1,497 Metres (4911 ft) Drilling on
Carlin Trend (Wed, Sep 26)
Management Team
Paul Sarjeant, B.Sc, P.Geo, CFP-President, CEO, Director
Mr. Sarjeant contributes unparalleled field, finance, and
boardroom intelligence to the Grandview management team.
After graduating B.Sc Honours, Geological Sciences from
Queen's University in 1983, Mr. Sarjeant began his career
with Echo Bay Mines Ltd as a project geologist working on
projects in the NWT, Archean greenstone belts, Lupin Mine
peripheral project, and skarn properties in BC and Equador.
He ascended to Senior Geologist, International Exploration
Group, responsible for project evaluation outside of North
America, including precious and base metals projects in
South America, East Africa, South East Asia, Russia,
Mongolia, Australia, New Zealand and Europe. From 1993 until
1996, he was President and CEO of Auric Resources - a
precious metals exploration company focused on Peru. From
1999 until his November, 2006 appointment to the office of
President and CEO of Grandview Gold, Paul operated a
successful securities business focused on strategic planning
and investment analysis. His Certified Financial Planner
designation gives him unique insight into the needs of
institutional and retail broker investment communities.
Ernest M. Cleave, B.Com, B.AccSc, M.B.A - CFO
Mr. Cleave is a renowned financial professional with vast
experience in the areas of strategy, financial planning and
analysis, governance, regulatory reporting and compliance.
Mr. Cleave also currently serves as Managing Partner for
Lannick Consulting and was recently responsible for leading
the Sarbanes-Oxley compliance projects at NYSE/TSX listed
Falconbridge Ltd. and Goldcorp Inc. Mr. Cleave directed
corporate planning and analysis, treasury, internal control
and regulatory compliance at Goldcorp Inc. from 2001 to
2005. From 1997 to 2001, he worked with Bata Limited in
various financial roles, including Controller for Bata South
Africa and Chief Financial Officer, Bata International –
Africa region. Mr. Cleave began his career with PWC in South
Africa in 1993. Ernest’s global perspective, analysis and
compliance expertise are of strategic benefit to Grandview
Gold.
Michael Hitch, M.Geo, Ph.D. P. Geo - Chairman
Dr. Hitch brings experience and unique perspective to the
Chief Executive Office of Grandview Gold. Experience-based
insight into all levels of gold exploration and development,
as well as the inside workings of financing junior resource
companies are major assets as the company moves forward. In
his role as COO and Managing Director of Golden China
Management (GCM) - consulting to TSX-V listed Golden China
Resources Corp - Dr. Hitch focuses on gold exploration and
development, and merchant banking in the evolving precious
metals mining industry of the People's Republic of China.
Previous to joining GCM, he held positions as mining analyst
for Clarus Securities Inc and Octagon Capital Corporation,
and served as Vice President Corporate Development for
Ivanhoe Mines Ltd, Anglogold Ashanti, Echo Bay Mines Ltd,
and Teck Cominco. Dr. Hitch holds a Master's degree in
Geology and a Ph.D. in Environmental and Resource Studies
and is an Assistant Professor with the Norman B. Keevil
Institute of Mining Engineering at the University of British
Columbia.
Contacts
Grandview Gold Inc.
330 Bay Street, Suite 820,
Toronto, ON, Canada, M5H 2S8
T 416.486.3444
F 416.486.9577
E
info@grandviewgold.com
INVESTOR RELATIONS
SEDAR Filings
GVX filings with SEDAR can be found
here. All
Fillings are current and the Company is fully reporting.
FORWARD
LOOKING STATEMENTS
This report includes
forward-looking statements that reflect Grandview Gold, Inc. current expectations about its future results,
performance, prospects and opportunities. Grandview Gold, Inc. has tried to identify these forward-looking statements
by using words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to a
number of risks, uncertainties and other factors that could
cause Grandview Gold, Inc.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors
include, without limitation, the Company's growth expectations
and ongoing funding requirements, and specifically, the
Company's growth prospects with scalable customers, and those
outlined above. Other risks include the Company's limited
operating history, the Company's history of operating losses,
consumers' acceptance, the Company's use of licensed
technologies, risk of increased competition, the potential
need for additional financing, the terms and conditions of any
financing that is consummated, the limited trading market for
the Company's securities, the possible volatility of the
Company's stock price, the concentration of ownership, and the
potential fluctuation in the Company's operating results.
Disclaimer
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the SEC, the company web site and other publicly available
sources deemed reliable. For more information see our
disclaimer section, a link of which can be found on our web
site. This document contains forward-looking statements,
particularly as related to the business plans of the Company,
within the meaning of Section 27A of the Securities Act of
1933 and Sections 21E of the Securities Exchange Act of 1934,
and are subject to the safe harbor created by these sections.
Actual results may differ materially from the Company's
expectations and estimates. This is an advertisement for
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