Business

Granada Gold Mine Finds Gold with Trenching at Aukeko

ROUYN NORANDA, QC, July 10, 2018 /CNW/ - Granada Gold Mine (TSXV: GGM) ("Granada Gold" or the "Company") announces that it has completed its trenching program a

articleGranada Gold Mine Inc.July 10, 20185/company/granada-gold-mine-inc/news/granada-gold-mine-finds-gold-with-trenching-at-aukeko
Granada Gold Mine Finds Gold with Trenching at Aukeko

About this update from Granada Gold Mine Inc.

[{"type":"text","content":" ROUYN NORANDA, QC, July 10, 2018 /CNW/ - Granada Gold Mine (TSXV: GGM) (\"Granada Gold\" or the \"Company\") announces that it has completed its trenching program at Aukeko property, immediately adjacent to its flagship gold property, the Granada Gold Mine, in the province of Quebec, Canada. The company is very happy to announce its exploration team has completed the third trench, totaling 85 metres in length with an average width of approximately 1.5 metres located 150m to the east and south of the previous 2 trenches reported June 4, 2018. This trench extends the total trenching program to 365 metres. Channel sampling with a rock saw in all 3 trenches have been completed by Technominex of Rouyn-Noranda under the supervision of GoldMinds Geoservices. The distribution of trench samples was affected by the topography of the terrain and the presence of water. A total of 208 trench samples (including blank and standards) have been sent to ALS laboratory in Rouyn-Noranda for analysis by fire assay. Results will be disclosed once received, validated and interpreted. \"Again, we are very excited to expand the exploration of our extended LONG Bars zone on strike going east to test the remainder of the unexplored mineralized structures,\" stated Frank J. Basa P.Eng., President and Chief Executive Officer of Granada Gold Mine. \"These are highly prospective areas for production – our major focus.\" About Aukeko The Aukeko mine saw historical exploration in the late 1930s, when a shaft was sunk to 13 metres and extensive trenching was undertaken on surface. Considerable detailed mapping at that time identified several auriferous structures within a 500-metre wide, east-west trending zone with shearing, alteration, and quartz veining along with numerous porphyry intrusions. Of significance is the \"Auk Shear\" zone where the Aukeko Shaft was sunk in conjunction with stripping and trenching in the same vicinity. This zone was mapped over a one-kilometre length with an average width of 50 metres. The Auk Shear zone was the location of the Bert Vein where three bulk samples were reported to have been taken in 1938 from a trench approximately 50-to-150 metres east of the Aukeko Shaft that averaged a grade of 7.0 ounces gold per ton (240.0 grams per tonne) (from public files with MERN (Ministère d'Energie et Ressources Naturelles) GM52851...

More updates from Granada Gold Mine Inc.