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Granada Gold Mine Continues to Intersect High-Grade Gold Near Surface Within 500 Meters Strike Length in the LONG Bars Zone
ROUYN-NORANDA, QC, March 2, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") has intersected two near-surface mineralized zones grad
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN-NORANDA, QC, March 2, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the \"Company\" or \"Granada\") has intersected two near-surface mineralized zones grading 11.53 grams per tonne gold over 2.9 meters at core length 65.85 – 68.75 meters and 2.61 grams per tonne over 24.7 meters at core length 25.5 – 50.2 meters in hole GB-19-SA. This drill hole is 77 meters to the south of GR-19-A which intersected 11.45 grams per tonne over 33 meters core length (see Granada news release dated January 9th, 2020) in the latest drill program at its 100%-owned Granada gold deposit in Rouyn-Noranda. The A zone is 6 meters true width. The continuing near-surface drilling program has begun to unlocked the excellent potential for defining further high-grade intersections within the recently explored two-kilometer LONG Bars Zone of the five-and-a-half-kilometer Granada Shear zone which trends East-West on the property. Two additional drill holes from the 450-meter drill program also intersected near-surface high-grade mineralization from the recent 50-meter on-strike stripping program which uncovered a massive quartz zone exposing strong veining and visible gold on surface. Drill hole GR-19-WB, collared 19 meters Northwest from GR-19-A, intersected 4.83 grams per tonne over 6 meters at core length of 16-22 meters and drill hole GR-19-G, 240 meters East-Southeast from GR-19-A, intersected two zones grading 2.82 grams per tonne over 6.65 meters at a core length of 40.5-46.75 meters and 2.28 grams per tonne over 5 meters at a core length of 68-73 meters. The B and G zones are 4.5 meters and 4 meters true width respectively. In 1994, Granada Gold Mine Inc. extracted a bulk sample of 87,311 tonnes from surface grading 5.17 g/t gold from Vein 1 containing 451,397.87 grams (13,167.97 troy ounces) gold. The current drill program is east of, and on strike with Pit 1 which was taken from East-West-trending Vein 1. This recent drilling confirms the extension of Vein 1 from Pit 1 for 500 meters east to hole GR-19-E intersecting 2.0 meters grading 12.3 g/t Au (see company press release dated October 15, 2019). The Vein 1 zone is open to the east and is within the 5.5-kilometer East-West mineralized structure. Drill and Bulk Sampling Program 2019-2020: Granada continues to work with one drill on drilling near-surface hig...