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Granada Gold Mine to Drill Test New Geological Model Associated with the Porphyry Intrusion Between PFS Pit and Old Pit #1
Granada Gold Mine to Drill Test New Geological Model Associated with the Porphyry Intrusio...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"\n\n\n\nGranada Gold Mine to Drill Test New Geological Model Associated with the Porphyry Intrusion Between PFS Pit and Old Pit #1\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nROUYN-NORANDA, QC, Feb. 2, 2017\n\n\n\nROUYN-NORANDA, QC, Feb. 2, 2017 /CNW/ - Granada Gold Mine (TSX-V: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the \"Company\" or \"Granada\") today announced plans to drill test the thickness of mineralization under the porphyry intrusion between Old Pit #1 and the 2014 Preliminary Feasibility Study (PFS) Pit at the Granada Gold Property near Rouyn-Noranda, Quebec. The drill test is to obtain additional data for the new geological model being developed on an on-going basis by geological consultants GoldMinds Geoservices Inc.  \n\nThe drill that has been operating at the property since December 2016 is currently being moved to location GR-17-04 to conduct the drill test to a depth of approximately 120 metres. It will be the first time that a hole will be drilled toward the west to assess a revised mineralization model in that sector of the property. After completion of this relatively shallow hole, the drill will be moved to a location to the north to continue the 8,000-metre, deep-hole program announced last December.\n\nAs part of the deep-hole program, 3,690 meters have been drilled to date, including GR-16-14 for 924 meters, GR-16-15 for 891 meters, GR-17-01 for 1,278 meters, and GR-17-02 for 597 meters. These four holes drilled to date intersected mineralization with smokey quartz veining and favorable alteration associated with pyrite, arsenopyrite and galena. \n\nThe Company announced preliminary assay results for GR-16-14 in a news release on January 18, 2017. Assay results for the other holes are pending and will be released once received and validated.\n\nA map of the drill-hole locations, including GR-17-04, can be viewed below or at the following link: http://www.granadagoldmine.com/assets/pdf/Granada-drill-map-February-1-2017.pdf \n\nQualified Person\n\nClaude Duplessis, P. Eng., of Goldminds Geoservices Inc., a geological, envir...