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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: E. Charters5/16/2007 10:44:38 PM
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Copper blow out in jr. jr. Note that this result is in grab samples from underground. This would be a small tonnage underground mine of low-medium grade.

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Grenville Reports Sample Assays of up to 11.7% Copper

VANCOUVER, BC -- May 16, 2007 -- Grenville Gold Corporation GVG/TSXV - GVLGF/pinkish, is pleased to release additional underground samples on its La Espanola Copper-Gold Property located 100 miles southeast of Lima, Peru.

A total of 45 rock grab samples were collected from various underground workings with assays ranging from 70 parts per million to 11.37 per cent copper and 0.007 to 0.794 grams of gold/tonne. Mineralization on surface is hosted by steeply dipping malachite-stained quartz veins averaging between 0.5 to 3 meters wide. In the underground workings sulphide mineralogy consists of bornite and chalcopyrite. The average of the samples was 0.19 ppm Gold and 2.51% Copper. The table lists the complete results.

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Sample Number Gold Copper Sample Number Gold Copper
ppm % ppm %
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01526 0.609 3.23 01549 0.027 0.52
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01527 0.464 2.88 01550 0.011 0.53
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01528 0.094 1.85 01633 0.043 5.05
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01529 0.101 2.14 01634 0.018 1.64
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01530 0.499 8.77 01635 0.185 4.35
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01531 0.011 0.01 01636 0.597 2.96
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01532 0.783 3.95 01637 0.189 0.94
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01533 0.177 4.69 01638 0.283 2.17
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01534 0.794 5.70 01639 0.052 2.93
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01535 0.170 3.60 01640 0.111 5.46
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01536 0.104 1.89 01641 0.103 0.52
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01537 0.325 0.61 01642 0.457 11.37
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01538 0.008 0.09 01643 0.189 5.70
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01539 0.015 2.19 01644 0.239 4.60
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01540 0.009 0.83 01645 0.189 1.51
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01541 0.007 1.92 01646 0.189 3.03
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01542 0.037 0.44 01647 0.048 1.54
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01543 0.017 0.51 01648 0.114 0.04
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01544 0.012 0.01 01649 0.364 1.46
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01545 0.012 0.31 01650 0.445 3.88
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01546 0.009 0.71 01419 0.142 0.10
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01547 0.051 1.72 01420 0.153 2.67
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01548 0.038 1.92 Averages 0.19 2.51
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Results are consistent with the former producing Raul/Condestable Mines, located 15 kilometers west of Espanola. These mines are reported to have produced over 20 million tons of ore grading 1.5% copper and 0.5 grams of gold per tonne.

Analyses for the samples reported herein were performed by Inspectorate Services Peru S.A.C in Lima, Peru. Inspectorate Services Peru S.A.C. is an International Organization for Standardization ("ISO") 9000 certified laboratory. ISO 9000 certification a quality assurance model ensuring organizations develop a quality system. The official ISO explanation of the ISO 9000 group of standards can be found at iso.ch.

The exploration program on La Espanola is under the supervision of Manuel Escalano, Ph.D, Manager of Exploration and Mine Development for Inversiones Mineras Alexander S.A.C., a 90% owned Grenville subsidiary. The technical information contained in this release has been reviewed by Jeffrey Reeder, P.Geo, technical advisor for Grenville Gold and qualified person as defined in National Instrument 43-101.

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