Transcript GRENVILLE GOLD CORPORATION

GRENVILLE GOLD CORPORATION
FOCUSED ON ACQUIRING & DEVELOPING HIGH GRADE DEPOSITS IN PERU
May 2010
CORPORATE INFORMATION
Exchanges
TSX-V
GVG
Frankfurt
F91
US PINK SHEET
GVLGF
Shares Outstanding 55.4 M
Web site
www.grenvillegoldcorp.com
PERU’S STRATEGIC ADVANTAGES

#1 Silver producing country in the
World

Top 5 Gold & Copper producing
countries in the World

Competitive labour and cost structure

Property surrounded by operating
mines

Multi-billion dollar commitment to
Infrastructure spending
Silveria Project
Espanola Project
SILVERIA – ACTIVE DISTRICT
Green
- Grenville – over 61 sq km
Red
- Barrick Gold – 101 sq km
Burgundy - Rio Tinto – 40 sq km
Gold
- Pan America Silver – 73 sq km
Teal
- Glencore (Xstrata) – 131 sq km
Purple
- Minera San Juan * – 49 sq km
85% Purchased by Nyrstar
Royal Blue - Peru Copper/Chinalco - 20 sq km
Purchased by Aluminum Corporation
of China (“Chalco”)
SILVERIA – INFRASTRUCTURE
Located 10-15 km from major
highway and town.
•
•10-15 km from Rail line.
• Located near large operating
mills (Glencore, Vulcan, Pan
American Silver)
• 10 km to Tamboraque (now
Coricancha 85% owner NYRSTAR)
www.grenvillegoldcorp.com
COMMUNITY AGREEMENTS IN PLACE
3,933 Ha agreement with
communities of Viso &
Parac (yellow)
Access to water &
buildings onsite
Acces to workforce
SILVERIA – MINING HISTORY AND GEOLOGY
 Employed
 Area
1991
420 miners
mined 1960 to
 Four
historic mines, two
major operations
 IP
studies 1968
 No
exploration drilling
 Unexplored
IP Anomaly
SILVERIA – Past Producing & New Veins Identified

Economic mineralization on the Property is
related to ubiquitous NE to ENE steeply
dipping quartz, carbonate, galena,
sphalerite, chalcopyrite veins hosted within
well-defined fracture zones that formed in
response to a regional scale tectonism.

The strongly mineralized zones within the
veins (ore shoots) are sub-vertical and
according to historical cross-sections, have
vertical extents of more than 400
metres. The rock textures and metal zoning
indicate an intermediate sulphidation
environment.
(Gilbertson and O’Donovan, 2008).
SILVERIA PROPERTY – High Grade, Large Tonnage

Grades up to 2200 grams/tonne Silver, 7%
Lead, 19% Zinc

Pacococha Mine - Average Yearly production
250,000 ounces Silver for 28 years

Millotingo Mine – Average Yearly Production
1,000,000 ounces Silver for 30 years

Grenville owns 7,100 Ha Mineral Title over
past mines
SILVERIA – Pacococha Mine 1964-1991

Mine type: Polymetallic

Years in production: 27

Production from 2.7 million tons mill feed reported in
Minefill 2007 report:
Silver
114g/t
8,057,156 Oz
Copper
1.68%
40, 538 Tons
Lead
0.81%
13,359 Tons
Zinc
3.11%
44,666 Tons
SILVERIA – Millotingo Mine 1961-1991

Mine type: Polymetallic

Years in production: 30

Historical Production:
Silver
24 oz/t
Gold
6 g/t
39,000,000 oz
90,000 oz
Copper
1.2%
97,000,000 lb
Zinc
4.3%
4.44,000,000 lb
SILVERIA – Immediate Plans: Bulk Testing
Targeted for
Bulk Sample
Tonnes
Ag
(g/t)
Pb
(%)
Zn
(%)
Cu
(%)
Reserva Vein
86,000
74.8
2.2
4.8
.29
• Veins Mapped: 1 – Reserva
• Adits Sampled: 1 – Reserva 345 level
•
Total Levels: 7
•Ore Value Target: $ 235/tonne
• Estimated Cost: $ 45/tonne
• Gross Revenue: $ 19.8 Million
Longer Term
• Veins Known: 44, each 5-20 levels
• Adits Known: 42
• Total km Adits: 42 kms
DEVELOPMENT AND EXPLORATION TARGETS
Mines Targeted for
Development
Report
Ref.
Tonnes
Ag
(g/t)
Pb (%)
Au
(g/t)
Zn (%)
Cu (%)
Silveria – Pacococha - Veins
Aug/07
10- 15 Mt
140
1.47
.05
4.13
1.75
Silveria – Millotingo - Veins
Aug/07
5 – 10 Mt
220
1.0
1.0
3.00
0.40
Silveria – Disseminated Ore
Body Target
Jun/08
40 - 50 Mt
50
2.0%
0.5
2.0 %
.75 %
Espanola – Rosa Maria
Apr/07
5-10 Mt
130
n/a
3.0
n/a
2.51
Espanola – Disseminated Ore
Body Target
Mar/07
80 - 120
Mt
16
0
1.0
0
1.0 %
1.4 Mt
220
1.47
.05
4.13
1.75
Current Estimated (Historical)
*Disclaimer: The quantities quoted above are conceptual in nature and non-43-101 compliant. These numbers are estimates based
on available data and cannot be relied upon until further exploration and development confirms quantity and grades.
ESPANOLA PROPERTY – Additional Opportunity

Two past producing mines – Rosa Maria &
Espanola

High Grade Copper, Gold and Silver Samples

Reported 43-101 sampling averaged 3% over
94 samples

Nearby Condestable open pit mine is grading
1.5% copper and .05 grams Gold per ton.

Over 7,100 HA, 100% owned
CONTACT US
HEAD OFFICE:
#13 – 12800 Bathgate Way,
Richmond, B.C. V6V 1Z4
Tel: (604) 303-1051, Fax: (604) 303-1061
AUDITORS: Deloitte & Touche LLP.
TRANSFER AGENT: Compushare
Forward - looking Statements Advisory
This document may contain "forward‐looking statements" within the meaning of Canadian securities legislation. These forward‐ looking
statements are made as of the date of this document and Grenville Gold Corp. (hereinafter referred to as the “Company”) do not intend,and do
not assume any obligation, to update these forward‐looking statements. Forward‐looking statements relate to future events or future
performance and reflect management of the Company’s expectations or beliefs regarding future events and include, but are not limited to,
statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and
amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward‐looking
statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these
terms or comparable terminology. By their very nature forward‐looking statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward‐looking statements. Such factors include, among others, risks related to
actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources;
possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in
obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed
from time to time in the Company’s interim and annual financial statements and management's discussion and analysis of those statements, all
of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking
statements will prove to be accurate, as actual