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Granada Gold Mine Begins the Evaluation of Local Mills for Custom Processing of Gold Ore, On-site Processing or On-site Pre-Concentration
(TheNewswire) Rouyn Noranda, Q.C. / TheNewswire / March 26, 2024 - Granada Gold M...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Mine Begins the Evaluation of Local Mills for Custom Processing of Gold Ore, On-site Processing or On-site Pre-Concentration\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 Rouyn Noranda, Q.C. /\n \n \n TheNewswire\n/\n \n \n March 26, 2024 -\n \n Granada Gold Mine Inc.\n(TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the “Company” or\n“Granada”) announces that an internal study of Gold Processing\nMills within Quebec and Ontario indicates there currently is a\nshortage of ore for processing in the local gold mills. It is expected\nthat this critical shortage is to persist and that some mills will\noperate at decreased processing rates. There are currently three mills\nthat are shut down due to lack of ore. The Company will reach out to\nall mill operators within Quebec and Ontario for a custom milling\ncontract. The Company will also look at building a mill or a\npre-concentrator on site.\n \n \n \n Custom Milling, On-site Milling,\nPre-Concentrator Highlights:\n \n \n \n \n \n \n Custom Milling:\n \n The Company\nhas all permits in good standing to operate at 550 tonnes per   day\ntargeting 2 grams per tonne gold from an open pit.\n \n \n \n \n \n On-site Milling:\n \n If overall\ncustom milling charges equate the purchase of a mill and operating on-\nsite costs, then an on-site mill will be installed.\n \n \n \n \n \n Pre-Concentration on site:\n \n Test work at Temiskaming Testing Labs in Cobalt, Ontario on the\ntwo 500-tonne bulk samples indicated that it is possible to produce a\nhigh-grade gravity concentrate from the native gold and lower-grade\ngold concentrate for direct shipping for final processing into gold\nbars to an off-site facility. (See\n \n \n news release January 16,\n2024\n \n \n .)\n \n \n \n \n \n “Granada Gold Mine is committed to working with local\nmills and their pressing challenges. We stand ready to play our part\nin alleviating the growing shortfall. This opportunity not only\nbenefits the industry and local economy, but also underscores our\ndedication to delivering value to all shareholders,\" stated Frank\nJ Basa, President and CEO of Granada Gold Mine Inc.\n \n \n \n \n Qualified person\n \n \n \n \n The technical information in this news release has been\nreviewed and approved b...