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Granada Gold Mine to Begin Bulk Sample Program of High-Grade Mineralized Structures at Surface
ROUYN NORANDA, QC, Jan. 14, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") will begin a bulk sampling program this spring on the h
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN NORANDA, QC, Jan. 14, 2020 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the \"Company\" or \"Granada\") will begin a bulk sampling program this spring on the high-grade, mineralized structures exposed at surface. The program will be designed to evaluate the native gold component in the mineralized structures. A metallurgical program was undertaken in 2012 at SGS Lakefield Gold Metallurgical Testing Group, Ontario, and the study concluded that, based on 29 composite samples, the native gold component ranged from 29.6% to 78%, with an average of 54.0% which can be recovered by simple gravity means (NI 43-101 PEA, February 4, 2013, effective date December 21, 2012). Highlights: A bulk sample of a minimum of 50 tonnes to maximum of 500 tonnes is proposed at this stage from Veins 1 and 2. A minimum of 6 holes will be drilled by percussion drilling followed by thermal fragmentation to increase the sample size The holes will be drilled to a depth of 5 to 12 meters The recovered samples will be sent to Temiskaming Testing Laboratories, Cobalt, Ontario for processing Frank J. Basa, P.Eng., Granada Gold's President and Chief Executive Officer, comments: \"The current, ongoing drill program will be followed by these mini bulk samples to get a better understanding of the native gold component. Using a percussion drill followed by thermal fragmentation will minimizes dilution of the bulk sample\". \"If the Company's recently reported drill hole GR-19-A would be taken within the calculation parameters of the proposed bulk sampling program, the 15-meter interval from surface grades 21.71 g/t gold. Cutting the high-grade assay intercepts to 60 g/t would result in a potential grade target undiluted of 10.86 g/t gold. These grades are well within historical production and bulk sample results outlined below\", Frank J. Basa, P.Eng., comments further. Historical Production and Bulk Samples*: Granada Gold Mines (1930's company) between 1930 to 1935 extracted 164,816 tonnes of mineralized material grading 9.7 g/t gold and 1.5 g/t silver before the mill burnt down. The mineralized material came primarily from Vein 2 underground. Granada Resources, in 1994, extracted a bulk sample of 87,311 tonnes from surface grading 5.17 g/t gold from Vein 1. This bulk sample generated 139,856 tonnes of waste rock. Granada Resources, in 1996 extract...