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Granada Gold Mine Announces Potential Tonnage and Grade Estimate of its Exploration Target at the Granada Deposit
(TheNewswire) The new target has an estimated tonnage range of 18.5 to 25 million tonnes wi...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Mine Announces Potential Tonnage and Grade Estimate of its Exploration Target at the Granada Deposit \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The new target has an estimated\ntonnage range of 18.5 to 25 million tonnes with a gold grade range of\n3.8 to 5.2 grams per tonne gold and is located to the north of the\nexisting resource area.\n \n \n \n \n Rouyn Noranda, Q.C. -\n \n \n TheNewswire\n-\n \n \n June 21, 2023 -\n \n \n Granada\nGold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (Frankfurt: B6D) (the\n“Company” or “Granada”)\n \n \n is pleased to\nannounce an estimate of the potential quantity and grade of its\nexploration target to the north of the resource area at its Granada\nGold deposit in Quebec.\n \n \n \n \n The target estimate, which is based on the results of\nseveral successful deeper holes drilled to the north of the resource\narea, is calculated at between 18 and 25 million tonnes with a gold\ngrade range of 3.8 to 5.2 grams per tonne gold.\n \n \n \n \n “We had been targeting this northern area of the\nGranada property for additional exploration aimed at a potential\nexpansion of the resource estimate. The step-out deep hole drill\nresults (GR-21-14) from near the northern boundary of the property\nthat we announced June 5, 2023 confirmed that the gold grades increase\nwith depth and proximity to the Cadillac Break located at the northern\nend of the property.  This has increased our confidence in the\npotential of this area and we are pleased to now announce a conceptual\nestimated target range for the potential quantity and grade as noted\nabove,” stated Frank J Basa, P.Eng., President and CEO. (See news\nrelease June 5, 2023 for GR-21-14 drill hole details).\n \n \n \n \n The potential target exploration area extends 2.2\nkilometers downdip from the current resource area towards the north\nboundary of the property with mineralization open at depth and on an\neast-west strike for 1.5 kilometers.\n \n \n \n \n “While this is still early stage in our exploration\nand we will need to drill more holes, if we are able, through the\ndrill bit, to prove out this estimated conceptual exploration target\nrange, it could result in a very sizeable increase in Granada’s\nresource...