Business
Granada Gold Mine Hits 2.39 g/t Gold Over 29 Meters Near Surface Including 7.72 g/t Over 4.5 Meters & 7.29 g/t Over 5.02 Meters
ROUYN NORANDA, QC, Dec. 18, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to provide an update on its on-going drill p
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN NORANDA, QC, Dec. 18, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the \"Company\" or \"Granada\") is pleased to provide an update on its on-going drill program at Granada. This release contains drill results from the 100-series part 2, near-surface drill program targeting Vein 1. Highlights: 2.39 g/t gold over 29m in hole GR-20-111 from 0.0 to 29.0m 7.72 g/t gold over 4.5m in hole GR-20-112 from 31.0 to 35.5m 7.29 g/t gold over 5.02m in hole GR-20-117 from 49.21 to 54.23m The Company has now drilled a total of 9321.38 meters of the drill program (as of December 15th, 2020) of the current 12,000-meter program with 2 drills turning on site. This release represents 457 m of the program. ASSAY RESULTS Hole ID From (m) To (m) Length (m) Gold (g/t) GR-20-111 0.00 29.00 29.00 2.39 including 3.00 7.50 4.5.00 3.59 including 17.00 27.50 10.50 3.86 including 17.00 18.50 1.50 7.96 GR-20-112 22.00 37.0 15.00 3.2 including 31.00 35.50 4.50 7.72 including 32.50 34.00 1.50 17.55 GR-20-113 3.50 15.50 12.00 0.53 GR-20-114 6.000 9.00 3.00 0.69 including 6.0 7.50 1.50 1.2 GR-20-115 2.85 4.50 1.65 0.99 and 33.00 40.22 7.22 0.73 including 33.00 34.00 1.00 3.68 GR-20-116 11.90 19.00 7.10 0.71 including 15.80 17.50 1.70 2.1 GR-20-117 18.00 27.0 9.00 0.46 and 49.21 54.23 5.02 7.29 including 50.13 51.63 1.50 22.31 including 50.63 51.13 0.50 37.1 including 57.50 59.05 1.55 4.67 Lengths are core length, no capping applied. Au is Gold by Fire assay, or by gravimetric finish or screen metallic method. Other assays results are still pending. The Company is being impacted by longer-than-expected turnaround time (TAT) of analytical results due to COVID-19 and extensive workload at ALS laboratory. The 100-series holes were drilled to intersect the vein extension uncovered by stripping and to follow the high-grade corridor. Holes GR-20-111 to GR-20-113 are drilled within the vein structure. Holes GR-20-114 to GR-20-117 are vertical holes drilled to intersect the mineralized vein structures. Typical true thickness of the number 1 vein is 1.5 to 6 meters. The halo effect around vein 1 has been measured up to 20 meters true thickness with numerous mineralized veinlets hosting native gold. It has been estimated, based on metallurgical testing, that close to 50 percent of the gold is in native form and wi...