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Granada Gold Assays 4.33 G/T Gold from 500-Tonne Surface Bulk Sample
(TheNewswire) May 10, 2022 – TheNewswire - Rouyn Nor...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Assays 4.33 G/T Gold from 500-Tonne Surface Bulk Sample\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n May 10, 2022 –\n \n \n TheNewswire -\n \n \n Rouyn\nNoranda, Quebec,\n \n \n Granada Gold Mine Inc.\n(TSXV:GGM) (the “Company” or “Granada”)\n \n \n is pleased to provide a gold assay of 4.33 grams per tonne on its\n500-tonne bulk sample taken from surface in 2020.\n \n \n \n \n HIGHLIGHTS:\n \n \n \n \n \n \n A 500-tonne mineralized, and\n900-tonne waste rock bulk sample were taken from surface in\n2020\n \n \n \n \n \n \n \n \n A 10.5-tonne composite sample was\nscreened from the 500-tonne mineralized bulk sample\n \n \n \n \n \n \n \n \n The 10.5-tonne composite sample was\ncrushed, ground and screened at 20 mesh to ensure no visible gold was\nin the sample to be evaluated.\n \n \n \n \n \n \n Frank J. Basa, P.Eng., President and CEO notes, “The\nbulk sample confirms both near-surface drill results and the potential\nfor a higher-grade open pit mining scenario. Higher grades translate\nto lower processing costs per ounce and lower capital expenditures for\na processing plant. The bulk sample has returned a higher gold grade\nthan the current target open pit grade of 2 g/t.”\n \n \n \n \n The 500-tonne bulk sample was taken 400 meters east of\nPit #1 on the Vein 1 structure which trends 5.2 kilometers east-west.\nHistorically Vein 1 was mined from underground in the thirties at 9-10\ngrams per tonne gold, and mined by open pit in 1993-94 at 5.17 grams\nper tonne gold having mined 87,000 tonnes and again in 1996 at 3.46\ngrams per tonne gold having mined 22,095 tonnes.\n \n \n \n \n BULK SAMPLE ASSAY RESULTS\n \n \n \n \n The screened, minus 20 mesh material was passed through\nthe sampling tower at Temiskaming Testing Laboratory (TTL) in Cobalt,\nOntario.  Five super sacs were sampled by taking four samples from\neach super sac for assaying.  Duplicate assays were run on one sample\nper super sac. The table below identifies the sample assay results.\n No visible gold was recovered when processing the minus 20 mesh\nportion of the bulk sample. Visible gold was present in the plus 20\nmesh material. At this stage of evaluating the surface mineralization\nsample, the company is assessing the grade of the material without any\nhigh-grade ...