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Granada Gold Mine Hits 5.64 G/t Gold Over 6.86 Meters Including 20.4 g/t Gold Over 1.5 Meters
ROUYN NORANDA, QC, Sept. 30, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to provide an update on its on-going drill
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN NORANDA, QC, Sept. 30, 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 under the pit-constrained mineral resource. Highlights: 5.64 g/t gold over 6.86m in GR-20-10 from 364.64 to 371.50m 4.26 g/t gold over 4.50m in hole GR-20-13 from 290.50 to 295.00m The company completed the 6000-meter drill program and has begun another 6000-meter drill program with 2 drills on site. All drill holes intercepted mineralization which will be used in the updated resource calculation. ASSAY RESULTS FROM BELOW PIT-CONSTRAINED MINERAL RESOURCE Hole ID From (m) To (m) Length (m) Gold (g/t) GR-20-10 364.64 371.50 6.86 5.64 Including 364.64 365.84 1.20 4.47 Including 370.00 371.50 1.50 20.40 GR-20-11 292.50 294.00 1.50 3.37 GR-20-12 338.70 341.70 3.00 3.07 Including 339.70 340.20 0.50 14.40 GR-20-13 290.50 295.00 4.50 4.26 Including 292.00 293.50 1.50 11.90 GR-20-14 304.90 306.00 1.10 4.51 AND 324.15 324.65 0.50 11.65 AND 430.90 431.40 0.50 5.92 AND 445.30 446.80 1.50 4.41 GR-20-16 356.66 360.15 3.47 2.87 Including 358.16 359.16 1.00 7.17 Lengths are core length and are close to true widths, no capping applied. Au is Gold by Fire assay, or by gravimetric finish or screen metallic method. The assays still pending are for holes GR-20-15 and GR-20-17. Frank J. Basa, P.Eng., \"The drill hole data under the pit-constrained resource could potentially change the economics of developing the Granada Mine Property. Previously explored as a low-grade, open pit deposit, the company now envisions an open pit with a ramp from the bottom of the pit into the higher-grade mineralization below, significantly adding more ounces to the current resource.\" Holes GR-20-10 through GR-20-13 were drilled in front of GR-11-384 to enable definition of an underground mineral resources panel in that sector. GR-11-384 intersected 3.05m at 35.76 g/t Au at 425.45m. This interval is 225m up dip of GR-18-03 which intersected 8 meters at 6.65 g/t Au at a depth of 569m in vein 2 (footwall vein historical labelling within the LONG Bars Zone.) Holes GR-20-14 and GR-20-15 were drilled 50 metres to the north of GR-11-377 to enable definition of underground mineral resources in that sector. GR-11-37...