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Granada Gold Announces Recent Drill Program has Increased Measured and Indicated Mineral Resources by 21% to 543,000 oz Au and Inferred by 71% To 456,000 oz Au
(TheNewswire) July 6, 2022 – TheNewswire - Rouyn-Nor...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Announces Recent Drill Program has Increased Measured and Indicated Mineral Resources by 21% to 543,000 oz Au and Inferred by 71% To 456,000 oz Au\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n July 6, 2022 –\n \n \n TheNewswire -\n \n \n Rouyn-Noranda, Quebec,\n \n \n Granada Gold\nMine Inc. (TSXV:GGM)\n \n \n (OTC:GBBFF)\n \n \n (the “Company” or “Granada”)\n \n \n is\npleased to provide an updated mineral resources estimate at the\nGranada property, a past producer located adjacent to the prolific\nCadillac Break in the Abitibi near Rouyn-Noranda and close to several\ngold deposits and operating mines in northwestern Quebec.\n \n \n \n \n The estimates combine in-pit constrained and\nunderground mineral resources estimates and include the results of the\n30,000-meter drill program conducted on the Big Claim at Granada since\nthe last estimate was published in January 2021.\n \n \n \n \n HIGHLIGHTS:\n \n \n \n \n \n \n Measured and indicated in-pit and underground mineral\nresources estimated at 8,220,000 tonnes grading 2.05 grams/tonne (g/t)\ngold (Au), containing 543,000 oz Au;\n \n \n \n \n \n \n Inferred in-pit and underground mineral resource\nestimated at 3,010,000 tonnes grading 4.71 g/t Au, containing 456,000\noz Au;\n \n \n \n \n \n \n New estimates represent a 21 percent increase in\nmeasured and indicated gold mineral resources and a 71 percent\nincrease in inferred mineral resources compared with the previous\nestimate;\n \n \n \n \n \n \n Grades are in line with the Company’s target of 2 g/t\nAu for open pit and 4 g/t Au for underground resources;\n \n \n \n \n \n \n Step-out drilling 250 meters (m) to the north of the\npit in the Big Claim confirmed gold mineralization at depth which was\nalso indicated by past drilling on the property;\n \n \n \n \n \n \n Other step-out drilling further north to a depth of\n1,600m surprisingly encountered 21 mineralized zones of alkali metals,\nwith a significant 53.1m thick zone of rubidium grading 340 ppm\n(in-hole length) above the downward trending gold veins (a rubidium\nmineral resource to be reported in a separate news release). The real\nthickness is expected to be about 35-40% of the in-hole\nlength.\n \n \n \n \n \n \n “Granada has been successful in achieving its goals\nwith last year’...