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Canadian Company Spotlight


 

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.

  • 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.

  • 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.

  • 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
Connect Capital Limited
409 Granville Street, Suite 1450
Vancouver, British Columbia
Canada, V6C 1T2
T 604.662.8993
T 1.888.730.4888
F 604 662.8997
E ir@connectcorporate.com
 

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

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with 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 Grandview Gold, Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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