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GRANADA GOLD MINE Prepares for Extraction of 500-Tonne Bulk Sample on Extension of High-Grade Zone
(TheNewswire) Rouyn Noranda, Q.C. - TheNewswire - September 7, 2022 - Gra...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"GRANADA GOLD MINE Prepares for Extraction of 500-Tonne Bulk Sample on Extension of High-Grade Zone \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 Rouyn Noranda, Q.C. -\n \n \n TheNewswire\n-\n \n \n September 7, 2022 -\n \n \n Granada Gold Mine Inc.\n \n \n (TSXV:GGM) (OTC:GBBFF) (Frankfurt:B6D) (the “Company” or\n“Granada”)\n \n \n is pleased to announce that it\nhas completed   stripping of overburden and outcrop cleaning on\nmining lease BM 813 as part of its ongoing work to assess the grade on\nthe structure East of former open pit #1 which was mined at a grade of\n3.5 to 5.0 grams per tonne gold.\n \n \n \n \n Based on high-grade drill results, both down-dip within\nthe structure and across the structure (see Press Release September 7,\n2021 for detailed assay results), the Company outlined the zone for\nthe recovery of a 500-tonne bulk sample of mineralized material on\nmining lease BM 813 in September 2022.\n \n \n \n \n This work should enable extraction and sampling of the\nmineralized structures which links to the structure on the mining\nlease BM 852 where a previous bulk sample was taken 250m to the East\n(see Press Release June 16, 2021) and returned a grade 4.33 grams per\ntonne gold. The Company is targeting  500,000 ounces of\npit-constrained resource (presently 425,000 ounces of gold M+I) with\nan average open pit grade of 2 grams per tonne gold.\n \n \n \n \n The just-completed stripping of the area is now free of\noverburden. The final cleaning of the surface with a smaller excavator\nis also now completed. A geological team has been mobilized to conduct\ndetailed surface mapping and identify the area for bulk sample.\n \n \n \n \n Granada President and CEO Frank J. Basa, P.Eng.,\nstates: “The Company is working on multiple fronts to enable\ndevelopment of the Granada Gold Mine which was a former high-grade\nunderground and open pit mine operation.  Historically, the property\nhas had two operating mills on the property and we may consider the\nbuilding of an on-site mill for processing the mineralized\nmaterial.”\n \n \n \n \n Location\n \n \n \n \n The Granada Gold project is located in an established\nmining district 5 km south of Rouyn-Noranda adjacent to the prolific\nCadillac Break shear zone, which is ho...