Granada Gold Mine to Update Historic PFS for Bulk Sample Processing

About this update from Granada Gold Mine Inc.

[{"type":"text","content":"Granada Gold Mine to Update Historic PFS for Bulk Sample Processing \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 \n \n \n \n \n \n \n \n \n Rouyn Noranda, Q.C. -\n \n \n TheNewswire\n-\n \n \n March 29, 2023 -\n \n Granada Gold Mine Inc.\n(TSXV:GGM) (OTC:GBBFF) (Frankfurt:B6D) (the “Company” or\n“Granada”) is pleased to announce it will update the historic PFS\nof 2014 where proven, probable reserves and costs to process the bulk\nsample (rolling start) of Granada Gold Mines were identified.\n \n \n Frank J. Basa, P.Eng., President and CEO commented, “Since 2014, the\ncost of custom processing and the price of gold have both increased\nabout 30 percent. Using the historical PFS as a good indication of the\ncost per ounce for this bulk sample, the potential profitability for\nmining this deposit is excellent.”\n \n \n \n Tables: Granada Project Historical\nReserves and Cost for Rolling Start (bulk sample presented as mill\nfeed 2014 PFS)\n \n \n \n \n \n \n \n \n \n \n Granada Historical Reserves of 2014 for the rolling\nstart:\n \n \n \n \n \n \n \n Material Type\n \n \n \n \n \n \n Cut-off\n \n \n \n \n \n \n Material\n \n \n \n \n \n \n Grade\n \n \n \n \n \n \n Au**\n \n \n \n \n \n \n \n \n g/t Au\n \n \n \n \n \n \n tonnes\n \n \n \n \n \n \n g/t Au\n \n \n \n \n \n \n ounces\n \n \n \n \n \n \n \n \n Ore*\n \n \n \n \n Historical\n \n \n \n \n \n \n Proven Reserves\n \n \n \n \n \n \n 1.69\n \n \n \n \n \n \n 170,000\n \n \n \n \n \n \n 3.72\n \n \n \n \n \n \n 20,500\n \n \n \n \n \n \n \n \n Probable Reserves\n \n \n \n \n \n \n 1.69\n \n \n \n \n \n \n 399,000\n \n \n \n \n \n \n 4.46\n \n \n \n \n \n \n 57,000\n \n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n 1.69\n \n \n \n \n \n \n 569,000\n \n \n \n \n \n \n 4.24\n \n \n \n \n \n \n 77,500\n \n \n \n \n \n \n \n Historical project costs and Revenues of 2014:\n \n \n \n \n \n \n \n Item\n \n \n \n \n \n \n Unit\n \n \n \n \n \n \n Value\n \n \n \n \n \n \n \n \n Total revenues\n \n \n \n \n \n \n $\n \n \n \n \n \n \n 102,700,000\n \n \n \n \n \n \n \n \n Total operating costs\n \n \n \n \n \n \n $\n \n \n \n \n \n \n 65,100,000\n \n \n \n \n \n \n \n \n Pre-production capital costs\n \n \n \n \n \n \n $\n \n \n \n \n \n \n 6,700,000\n \n \n \n \n \n \n \n \n Sustaining capital ...

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