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Granada Gold Mine Announces Successful Drill Test Results Confirming Gold Mineralization Near Surface and New Geological Model Associated with the Porphyry Intrusion between PFS Pit and Old Pit #1
ROUYN-NORANDA, QC, Feb. 28, 2017 /CNW/ - Granada Gold Mine (TSX-V: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" or "Granada") today announced the results o
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"ROUYN-NORANDA, QC, Feb. 28, 2017 /CNW/ - Granada Gold Mine (TSX-V: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the \"Company\" or \"Granada\") today announced the results of its drill test of the thickness of mineralization under the porphyry intrusion between Old Pit #1 and the 2014 Preliminary Feasibility Study (PFS) Pit at the Granada Gold Property near Rouyn-Noranda, Quebec. The drill test, which was announced in a news release on February 2, 2017, was aimed at obtaining additional data for the new geological model being developed on an on-going basis by geological consultants GoldMinds Geoservices Inc. \"The drill test successfully intersected gold mineralization in two zones near the surface between the two pits, which is an area that had not been included in previous resource estimates for the PFS. The results provide confirmation of the new mineralization model associated with the intrusive dykes similar to the Canadian Malartic mine as well as the Barry and Windfall models,\" said Frank Basa, President and Chief Executive Officer. The test hole GR-17-04, which was drilled toward the west above an aggregate pile at 263 degrees north with a dip of 42 degrees, intersected gold mineralization under the Syenite Feldspar Porphyry (FP) intrusion. The GR-17-04 test hole intersected two mineralized zones as follows: Zone 1: 0.90 grams per tonne (g/t) over 18 meters (m) from 16m to 34m downhole depth, including 1.70 g/t over 9m from 25 m to 34m; Zone 2: 0.70 g/t over 21m from 59 to 80m, including 1.78 g/t over 6m from 59m to 65m. Notes:1) Assays are uncapped2) GoldMinds Geoservices Inc. estimates that the mineralized intercepts' true thicknesses are 85% of the drill core as the gold mineralization apparently plunged to the east in that sector. Map showing the location of GR-17-04 PDF.js viewer Thumbnails Document Outline Attachments Layers Current Outline Item Previous Next Highlight All Match Case Match Diacritics Whole Words Color Size Color Thickness Opacity Open Print Save Presentation Mode Current Page Go to First Page Go to Last Page Rotate Clockwise Rotate Counterclockwise Text Selection Tool Hand Tool Page Scrolling Vertical Scrolling Horizontal Scrolling Wrapped Scrolling No Spreads Odd Spreads Even Spreads Document Properties… Toggle Sidebar Find Previous Next Open Print Save Text Draw Tools Zoom Out Zoom In ...