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The story gets even better when considering that Grenville's goal of generating near-term cash flow in 2008 can be attained merely by processing ore-grade material from the property's numerous rock piles and its several tailings dams.

Achieving Strength through Diversification

Elsewhere in Peru, the Company's second most important mining venture to date is the sizeable 3,600-hectare La Espanola Project. This involves the rehabilitation and further development of two past-producing copper mines.

Located in the Coayllo District of Canete Province, the property is a mere 100 kilometres southeast of Lima. In a preliminary rock sampling program, Grenville has found plenty of encouragement by way 45 samples that average an especially impressive high grade of 2.51% copper.

Both the Silveria and La Espanola projects will receive more detailed coverage by SmallCapMedia in our upcoming monthly newsletters and corporate updates as these stories unfold.

Silveria Project: Capitalizing on a Lustrous History

Spanning no less than 48 square kilometres (3,959 hectares), this Silveria Project area encompasses four past-producing polymetallic epithermal deposits, namely the Pacococha, Millotingo, Silveria and Germania mines.

These mines operated from the early 1960's to the early 90's, when they were shut down due to financial difficulties resulting from falling metal prices, as well as a short-lived era of political insurrection in Peru.

Of the four mines, extensive records still exist for the Millotingo and Pacococha mines, which were the two largest producers. This is where 2.6 million tonnes of ore -- averaging an eye-catching 498 g/t (14.5 oz/ton) of silver with additional gold credits -- were mined over a 30-year time frame.

This translated into approximately 95,000 tonnes of concentrates containing about 39 million ounces of silver and 90,000 ounces of gold. These mines also yielded a further 97 million pounds of zinc and 44 million pounds of lead.