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Our Goal


To maximize asset growth through the successful acquisition, exploration, development and production of selective gold and base metal properties. Grand Canyon Gold Corp to implement Eco-Safe green extraction methods to recover gold, silver and platinum values from the hard rock and gravels located on Grand Canyon Gold Corp properties. Water and gravity will be the main separation methods used for gold extraction and non-toxic leach technology will be used in the black sands processing plants.

 
Latest News

Leading Firm Places Bets on Gold, and No one Noticed

By Kitco News
Tuesday May 17, 2016 16:03

(Kitco News) - The world’s largest asset management firm is expecting gold to continue to shine in a world that is a flooded with negative interest rates; and, no one really noticed.

In a commentary published Tuesday, Russ Koesterich, head of asset allocation for BlackRock’s Global Allocation Fund, said that in a world where investors have to pay for the “privilege” of holding government debt, more interest is turning towards gold, an asset class that provides no income.

Although he admits that gold -- because it doesn’t fit as a classic commodity or currency -- can be difficult to value; however, he added that now could be the perfect time and place for gold.

“The best years for gold were those in which real rates were low and inflation was rising. Since 1971 there have been 12 years that fit that description, as Bloomberg data shows. Gold rose in 11 of those 12 years with an average return of over 35 percent,” he said in the commentary.

Tuesday, June gold futures settled the session at $1,276.90 an ounce, up 2.90 on the day. Currently up gold prices are up more than 20% on the year. If gold achieve a 35% return, highlighted by Koesterich, the price would end up pushing above $1,425 an ounce.

“This is exactly the type of environment that has historically been most favorable to gold,” he said.

Koesterich isn’t just talking a big game, the firm invested heavily in the gold market in the first quarter of 2016.

According to SEC filings, BlackRock Inc. significantly increased its exposure in the world’s biggest gold-backed exchange-traded fund SPRD Gold Shares (NYSEARCA: GLD). According to the company’s filings, in the first quarter BlackRock Inc. held a total position of more than 145,000 shares of GLD, valued at more than $14.4 million, up from 34,030 shares valued at $3.45 million from the fourth quarter of 2015. So far, major media outlets failed to cover the news.

BlackRock Advisors, a subsidiary of the firm, also saw an increase in its holding of GLD. The private investment arm increased its holding to 10.36 million shares, valued at $1.2 billion, up from 1.94 million shares, valued at $196.7 million.

Last quarter, GLD saw its largest inflow in 7 years, totaling $7 billion.

By Neils Christensen of Kitco News

Looking at the chart, both gold and silver remain in the “early bull trends” part of their cycles and would be a “buy” right now.
 

Management

Panos D. Gianneotis - CEO/President
Grand Canyon Gold Corp

After serving in the United States Marine Corp while stationed in Japan, Mr. Gianneotis began prospecting in California, Oregon, Idaho, Nevada and Arizona. Acquisition, location, staking, testing and development were prime endeavors for Mr. Gianneotis and to date he has staked over 2000 mineral properties in five western states over the course of 30 years. Mr. Gianneotis managed two key placer operations in Applegate Oregon. He managed the O & C Mining Project in Baker City, Oregon and managed multiple sampling and testing projects in southwestern Oregon. With 30 years of mining experience in conjunction with an extensive background in real estate, business and finance, Mr. Gianneotis continues to acquire mining claims and private-patented mining properties in the Southwest as well as Nevada, Wyoming, Utah, Mexico and California. Mr. Gianneotis has recently consummated a multi-million dollar Joint Venture with a Chinese group for one of his premium mines.

Mr. Gianneotis sits on the board of the Arizona Mining Association.


Grand Canyon Gold Corp contributes to the Surf n Chess Club in Phoenix, Arizona as well as participates in the Catfish Rodeo in Yuma, Arizona to benefit disadvantaged children.