Industry: Mining / Exploration

Corporate Overview

Grandview Gold, Inc. (OTCBB: GVGDF / TSX: GVX), headquartered in Toronto, Canada, is an active exploration, junior mining company with vast properties strategically located in three of the most valuable gold districts on earth.

The company's largest consolidated land position is on the Carlin Trend in Nevada, the second richest gold district in the world, next only to Witwatersrand South Africa. To date, this area has produced more than 75 million ounces (value: $54 billion), with estimates of well over 100 million ounces of gold reserves still in the ground.

Grandview Gold's Pony Creek/Elliott Dome Project encompasses 28 square miles of prime Carlin Trend real estate and represents the largest land position on the trend not already held by a major gold producer. Under the terms of an agreement with Mill City Gold Corp, Grandview Gold has earned an 80% interest in the Property.

Grandview has an inferred resource of 1.43 million oz. gold (NI 43-101 compliant) and is working to increase that resource with additional drilling. The Pony Creek Property is situated along the southern extension of the Carlin Trend, a 40 square-mile gold belt that contains more than 20 major gold deposits.

The trend's namesake town of Carlin is located 28 miles from Elko, Nevada, which is located between Reno and Salt Lake City. Since Elko is a major mining resource town where several Carlin Trend gold companies reside, Grandview Gold has established their U.S. headquarters in Elko, Nevada.

Two major companies active on the Carlin Trend are Barrick Gold and Newmont Mining.

Barrick is the world's largest gold producer, with 27 operating mines and active projects in the United States, Canada and several other countries. In 2006, the company produced 8.64 million ounces of gold at a cash cost of $282 per ounce with proven and probable gold reserves estimated at 123 million ounces. (Gold Price 10/1/07: $710 per oz.) 

Newmont is one of the world's leading gold companies with a global land position of approximately 28.5 million acres. In Nevada, Newmont has 1.9 million acres of land and 33.1 million ounces of proven and probable reserves as of December 31, 2006.  All of their Nevada properties and mines are located within a 100-mile stretch between the town of Carlin and Winnemucca.

(Grandview Gold's property lies just south of Newmont's 3 million ounce Rain Deposit)

Heading north, another vastly rich location is the Red Lake Mining District in Ontario, the most prolific gold producing region in Canada, yeilding over 30 million ounces of gold (worth $21 billion), with another 30 million onces proven and probable reserves.

Grandview Gold holds 100% interest in the Loisan Project with eight claims covering 148 acres in close proximity to Goldcorp, Inc.'s Red Lake Mine, the highest grade, lowest cost production mine in the world.

Grandview also has an option to earn 60% interest in the 10 claim Sanshaw-Bonanza Property, located just 3 miles from Goldcorp's Red Lake Mine, which produces over 600,000 oz. annually and over 11 million ounces of gold to date.

Additionally, just 16 miles south of Red Lake Mine, Grandview Gold also has an option to earn 51% interest in 48 claims on the Dixie Lake Property covering 4,112 acres.

 

 

 

Note: Goldcorp, Inc. (NYSE: GG) -- September 4, 2007 press release: Goldcorp President and Chief Executive Officer, Kevin McArthur, said:

 

“... underscore our belief that Red Lake will remain one of the pre-eminent gold mines in the world and a cornerstone asset of Goldcorp for many years to come.”

 

Fifty miles west of the Red Lake District is the Rice Lake Gold Belt in the mining-friendly Canadian province of Manitoba.

The Red Lake and Rice Lake greenstone belts, resepectively, share many critical features, including; the same geological terrain, crustal fault and are structurally very similar.

However, despite the similarities, the Rice Lake District remains virtually un-explored, having produced only 10% of the gold produced in the Red Lake District, since most mining took place prior to WWII and the advent of modern exploration techniques.

Grandview holds 100% interest in the 5 claim, Bissett Project, which is located next to the 2 million ounce Rice Lake Gold (formerly San Antonio Mine) Project.

The Company holds 100% interest in the 11 claim, 581 acre (235 hectares) Angelina gold property located 15 miles (24 kilometres) southeast of the Rice Lake Gold Project.

Grandview Gold also has 100% interest in the 2,824 hectare Banksian gold property and the 3,975 hectare 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.

And finally, in the Lac du Bonnet Mining District in southeast Manitoba, Grandview Gold has an option to earn a 70% interest in the 18 square-mile Rocky Ridge gold Project.

Rocky Ridge is located 5 miles from the Bird River greenstone belt (which is associated with the Rice Lake greenstone belt). Gold was discovered on the Rocky Ridge Property in 1993 but no work has been done since 1997. The property contains high-grade gold showings and significant historic gold mineralization.

Now that we've established Grandview Gold's significant land holdings throughout several of the richest gold districts in North America, let's review how the management and cutting-edge geologists are aggressively developing their high-grade gold properties.

Prior to the 2007 exploration season, Grandview Gold's geologists were fine-tuning geochemical and geophysical models to shed more light on key target areas on their properties. Grandview Gold is already seeing the benefits of their efforts in Ontario, where team geology and smart science has recently enabled new discoveries.

Grandview commenced drilling on the Dixie Lake Project in the Red Lake Gold District in May 2007. The program was designed to follow-up on untested targets and determine the extent of mineralized shoots on the 88-04 Zone.

Although the Company's geologists reported positive results that indicate those zones remain open at depth along strike length in at least one direction, the greatest discovery was several previously un-discovered quartz vein systems with considerable visible gold.

Furthermore, recent assay results indicate gold grades and widths similar to those at Goldcorp's Red Lake Mine (one of the richest, lowest cost production gold mines).

In other news, Grandview Gold has extended their option agreement on the Sanshaw-Bonanza property in the Red Lake Gold District, until August 2008. The extension will allow exploration of the property during the winter (when the lake is frozen) and afford Grandview the ability to drill from a more advantageous and cost-effective position right over-top of the target.

Regarding the Carlin Trend, the Company’s geologists have spent a great deal of time compiling information, reviewing historical reports and working with other leading geologists preparing for the start of their highly anticipated Nevada drilling program.

Sept. 26, 2007 - “Drill Rig Mobilzed to 1.426 Million oz Gold Inferred Resource Area” – Grandview Gold, Inc. announced the completion of 1,497 metres (4911 feet) of drilling over six holes at the Pony Creek West target on the Company's 28 square-mile Pony Creek/Elliott Dome Property on the gold Carlin Trend in north central Nevada. The initial drilling represents the first of three stages of drilling over three target areas planned for the Property during 2007.

The Pony Creek West target concentrates on an area of previous drilling by Homestake Mining (2000), which appears to have intersected favourable stratigraphy with increasing silicification and jasperoid units below 600 feet. Historical drill information indicates detectable gold values between 605 and 900 feet downhole. The Pony Creek West target sits just west of the NI 43101 compliant 1.426 million ounce gold inferred resource area (Pony Creek South and North) and within the area previously identified as the prospective rock units.

Echoing the Company's 'intelligence first' approach, they have completed 'first pass prospecting' for much of their Manitoba interests and are currently analyzing the data, compiling information and building preliminary targets. Concurrently, Grandview Gold is mobilizing the diamond drill and Canadian exploration team to their Angelina property in the Rice Lake Gold District to test multiple targets, beginning October 2007.

2007 has been an extraordinarily busy year for Grandview Gold, and they are just getting started. Indeed, this is an exciting time with drills turning, assay results coming in and numerous exploration projects ongoing.

By employing ground breaking geology, geochemical and geophysical intelligence at all stages of exploration and development, the Grandview Gold team is able to concentrate financial assets, human resources and field efforts with precision, identify target fields sooner, and assess resource and economic values with greater speed and accuracy.

The Grandview executive management, its board of directors and geologists are a collection of some of the best minds in the industry and represent over 250 years of cumulative geological experience spanning 3 generations.

In fact, the newest member to join the Company's board is Dr. Peter Born, P.Geo.

Dr. Born was bestowed Canada's prestigious National Science and Engineering Research Council (NSERC) Post-Graduate Scholarship Award three (3) times (1991, 92, 93), and brings a wealth of experience and expertise directly relevant to Grandview's projects.

Grandview management has built their corporate structure, acquired strategic properties and put the people and mechanisms in place to propel the Company to top-shelf junior mining company status.

To facilitate and conclude a recent equity financing, Grandview Gold undertook a week-long schedule of presentations to Canadian institutional investors, with the clear objectives of introducing new management and showcasing the Company’s commitment to maximizing success through advanced geology, geochemistry and geophysics.

For phase one of $5 million financing to fund exploration, the Company completed a $1.46 million tranch in March 2007. After meeting the Toronto Stock Exchange's mandated shareholder approval to proceed with the balance of financing, Grandview Gold raised an additional $3.45 million to fund exploration activites throughout 2007 and well into 2008.

Backed by astute institutional investment professionals, the management of Grandview Gold is committed to delivering tangible results from their strong property portfolio to every individual shareholder.

GRANDVIEW GOLD STANDARD FOR MAXIMIZING SHAREHOLDER VALUE

• Maintain a well-financed exploration program without accruing debt
• Maintain strong institutional participation
• Focus on mid to advanced-stage, high-profile gold exploration properties
• Maintain a seasoned management team and blue chip advisors
• Support an aggressive value appreciation strategy
• Reduce exploration risk and increase economic viability
• Engage leading-edge planning and field technology

Carlin Systems “Probabilities for Gold”

Among geologists and prospectors, Carlin-type gold systems are considered the holy grail of gold systems. Of the approximate 5,000 gold systems and 30,000 gold occurrences in the western United States, about one in 300 become economically viable.

Reduced calc-alkalin systems like those found in Nevada's Carlin Trend and in Ontario's Red Lake Gold District have an extremely high likelyhood of becoming economic deposits. How high? About four in ten or 40% versus just 1/3 of 1%.

These numbers are certainly impressive, but in geological circles they are extraordinary.

This comparison is made to illustrate the importance of reducing risk at the outset by exploring for gold in recognized gold districts and most importantly on gold trends.

And this fact alone differentiates Grandview Gold from the vast majority of junior mining, exploration companies since their mid-stage gold exploration projects are located within North America's pre-eminent gold camps.

Indeed, if the company's aggressive exploration efforts result in a significant discovery in proximity to gold camp neighbors like Barrick Gold, Newmont Mining and Goldcorp, Grandview Gold could well become a prime take-over or rich joint venture candidate.

With a portfolio of prime gold projects on the Carlin Trend, the Red Lake District, and Manitoba’s Rice Lake District , Grandview's supremely qualified President Paul Sarjeant, B.Sc, P.Geo, CFP, is applying advanced geology, geochemical and geophysical science to expedite discoveries, reduce costs and maximize shareholder value.

This company profile has been produced by Heritage First Capital & Equity Research Group and contains the following special comment by Scott Gibson, managing principal:

“There are many more facets to discover about Grandview Gold and their properties, including factual reports and detailed analysis on all of their drilling programs. This public firm is one of the most comprehensive small cap companies we have ever worked with regarding investor and shareholder communications.

I strongly encourage further due diligence to uncover the full depth of Grandview Gold. From their informative press releases to 75 new pages of project information and regional activity programs that have been added to their corporate website GrandviewGold.com.”

Potential investors should note that Grandview Gold, Inc. (OTCBB: GVGDF) also trades on the Toronto Stock Exchange (TSX: GVX). TSX is the premier, senior equities market exchange in Canada and provides a liquid market for a broad cross-section of companies.

As such, average daily volume levels are often much higher for Grandview stock trading on TSX under GVX. Investors are welcome to pull up a direct quote at TSX.com.

The stock spread (price between the bid and ask) on the OTC Bulletin Board market for OTCBB: GVGDF, should begin to tighten as more U.S. investors are introduced to Grandview Gold through the company's proactive Investor Relations efforts.

But either market you trade on, all currencies go through properly adjusted conversion. Historically speaking, for the first time in 31 years both the U.S. and Canadian Dollars are trading at virtually equal value.

Read the Bull & Bear article (Fall '07):

Paul Sarjeant, B.Sc, P.Geo, 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 previous Certified Financial Planner experience 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.

Richard D. Brown, B. Com, M. Fin. - Director

Mr. Brown brings over 15 years experience in public company financing, and corporate capital structuring and development to the Grandview Gold boardroom. Following a successful career as Vice President, Scotia Capital Markets, Mr. Brown leveraged his contacts and experience to work with junior public companies. Time served on the boards of several junior mining companies has grown his network of contacts and experience and uniquely qualifies him for his role on the Grandview Board of Directors. His instinct with regard to growth and opportunity have served the company well as it considers strategic partnerships and enters a period of growth and increased capitalization. Mr. Brown is a partner in Osprey Capital, a successful Toronto Investment Banking firm. He holds a Master's degree in finance, and a Bachelor's degree in economics.

Mr. Ian Grant, B. Econ.Fr. - Director

Mr. Grant is the Chairman of SeaBiscuit Capital Corporation, a privately-held investment firm with holdings in both private and public companies. Mr. Grant was a Director for Navitrak International, Ian S. Grant Holdings Limited and Syment Limited. He earned a Bachelor's degree in Economics and French from Queens University, and subsequently attended the Sorbonne in Paris. Mr. Grant brings extensive experience in public and private company investing.

Dr. Peter Born, P.Geo - Director

Dr. Born is a highly respected senior geologist with over 30 years experience exploring and evaluating mining properties for senior and junior Canadian and US resource companies.  Dr. Born worked previously in Archean terrains in Ontario and the Northwest Territories and is therefore intimately familiar with opportunities presented Grandview in the exploration and development of the Red Lake and Rice Lake greenstone belts.  He was Senior Geologist and then Resource Geologist for Western Mining and also modeled the Aquarius ore body for Echo Bay Mines.  Three times he was awarded Canada's prestigious National Science and Engineering Research Council (NSERC) Post-Graduate Scholarship (1991-1993).  He is currently working from his Ottawa-based consulting firm for select Canadian and US resource companies.

Alex Korboukh - M.Sc.,P.Geo (Russia, Israel), Manager of Exploration Canada.

Mr. Korboukh holds a Masters of Science in Geology degree from the University of Irkutsk, Siberia and has over 20 years experience working in gold exploration and development in mountainous, desert and Arctic regions. Most recently he worked as Senior Geologist for the Holloway-Holt Gold Mine in Matheson, Ontario for St. Andrews Goldfields Ltd.

Mr. Korboukh has exceptional organizational skills and field instincts, developed over two decades working in diverse cultural environments. In Siberia he held the position of Head of Mining Department, supervising up to 600 workers. Since moving to Canada eight years ago, Alex was employed by YGC Resources as a Consulting Geologist, and most recently as Mine Geologist for the Holloway-Holt Mine in Matheson, Ontario for St. Andrew's Goldfields Ltd.

Mr. Korboukh has a strong academic background, extensive and varied field experience and is intimately familiar with the type of Archean greenstone belt geology that defines Grandview's Red Lake and Rice Lake gold properties.

Martin Tuchscherer - M. Sc. Chief Geologist

Mr. Martin Tuchscherer graduated from Concordia University in 1998 with a B.Sc. specialization in geology. In 2002, Martin obtained a research M.Sc. at the Planetary and Space Science Center from the University of New Brunswick in Fredericton. His Master's thesis, funded by Falconbridge Ltd, helped understand the timing of Ni-Cu-PGE mineralization and the emplacement of radial offset dikes in the lucrative Sudbury basin of Ontario. This work was published in a special 2002 issue of Economic Geology on Sudbury geology.

Mr. Tuchscherer is currently in the final stages of completing a Ph.D. from the prestigious University of the Witwatersrand in South Africa. He has presented at numerous international conferences, including the Prospector's and Developer's Association of Canada (PDAC), and published several articles in major international scientific journals. He has extensive experience exploring for precious and base metals and is skilled in various facets of mineral exploration, including drill target identification, drill-rig management, geochemical studies, logging, sampling, mapping, QAQC, management and report writing. Martin joined the Company as Exploration Project Supervisor and is currently supervising the diamond drilling program at the Company's Dixie Lake project in the Red Lake area.

Peter MacDonald - M. Sc. Exploration Geologist

Peter MacDonald joined the Company as Project Geologist focused on Manitoba and Ontario on June 1, 2007 and is currently part of the exploration team exploring the Dixie Lake project, just 16 miles south of Goldcorp's Red Lake Mine in the 30 million ounce gold Red Lake Gold Mining District.

Mr. MacDonald has been exploring greenstone belts since 2002 for both gold and base metal (Cu-Pb-Zn) mineralization. He has worked in Ontario, British Columbia, the Northwest Territories, Nunavut and northwestern Argentina with experience ranging from grassroots through to mine site exploration, including regional and deposit scale mapping, geophysical and geochemical interpretation, and drill target generation, planning, supervision and logging.

Peter is presently in the final stages of completing a M.Sc. degree in geology from the Mineral Exploration Research Center at Laurentian University in Sudbury, where he studied the relationship between intrusions and gold mineralization within the Timmins gold district, an area that has produced in excess of 65 million oz. of gold since discovery in 1909.

Thomas Kulh - B.Sc. G.E. - Senior Geologist

Mr. Kulh has over 36 years experience identifying and evaluating precious and base metal occurrences and deposits in the western continental United States and Alaska with a focus on California and Nevada. He is recognized in the industry as one of the foremost experts on Pinjon Range (Carlin Trend) gold systems, and is sought after for his proficiency in the areas of initial research, field reconnaissance, design and implementation of programs to evaluate project areas and known deposits for acquisition.

Mr. Kulh worked as Exploration Manager on several Pinjon Range gold projects over the past 20 years. He was Project Geologist at the Goldstrike Mine, involved in all phases of exploration and development. In addition, he evaluated and managed Nevada projects for Westmont Mining, Ramrod Gold and Arctic Precious Metals.

Mr. Kulh's wealth of directly related gold exploration experience and the high regard in which he is held in the industry are extraordinary assets for Grandview as the company continues to explore in the Carlin Trend.

Heritage First Capital & Equity Research Group (HFC), based upon information supplied by sources believed to be reliable, herein prepared all material. The information contained herein is not guaranteed by HFC to be accurate, and should not be considered to be all-inclusive. The company that is discussed in this opinion may not have approved of the statements made. This opinion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. HFC is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on www.triplecrownstocks.com.

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