Setting the gold standard

The mining industry in North America is a very cyclical business. Ten years ago, the Asian currency crisis, the Bre-X mining scandal and low gold prices caused the industry to decline dramatically.

2007 tells a much different story. With the increase in both demand and price of gold, as well as technological developments and the large number of junior mining companies actively searching for the "big find", the industry is once again thriving with companies looking for deposits in potential locations around the world.

The Carlin Trend, located in the state of Nevada in the United States, is a 40-mile long north-west to south-east gold belt containing more than 20 major gold deposits estimated to hold over 100 million ounces of gold with an estimated value of $75 billion.

The Red Lake Gold District in Ontario, home to Goldcorp's Red Lake Mine, is one of the richest and lowest cost production gold mines in the world. It is estimated to still hold 30 million ounces of gold valued at around $22.5 billion.

Grandview Gold, a development stage junior mining company based in Toronto, is aggressively exploring and developing its Pony Creek/Elliot Dome property in the Carlin Trend - the largest consolidated land position on the trend not already owned by a major, as well as three Red Lake projects and four others in the adjoining Rice Lake Gold District in Manitoba.

The 2007 drilling program in Canada has delivered impressive high-grade gold intervals characterized by impressive visible gold, and in Nevada has resulted in excellent gold assays and discovered what appears to be a new structure within their NI 43-101 compliant 1.426 million ounce gold inferred resource. That is just the beginning.

When Paul Sarjeant assumed the position of president and CEO of Grandview Gold in November 2006, he immediately outlined his objectives.

"We have added expertise in all areas. We have pedigreed gold properties in the richest gold districts in the world and drilling and exploration has delivered the kinds of excellent gold grades and types of veining we would expect to find in blue chip districts. Our properties are living up to expectations and the results of the 2007 exploration program are certainly attracting the interest of the resource community," Sarjeant said.

"The message I want to give is that we are in a great position to develop a significant gold resource and have a major come and step in," he added.

www.grandviewgold.com

(China Daily 11/13/2007 page26)