Business
Granada Gold Mine Update on ALS GoldSpot Targeting
(TheNewswire) Rouyn Noranda, Q.C. - TheNewswire - May 8, 2023 - Granada Gold Mi...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Mine Update on ALS GoldSpot Targeting \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 May 8, 2023 -\n \n \n Granada\nGold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (Frankfurt:B6D) (the\n“Company” or “Granada”)\n \n \n is pleased to\nannounce ALS GoldSpot has completed its first round of deliverables\n \n \n as part of its approach to identifying highly\nprospective areas for new discoveries at existing gold deposits. The\nCompany expects the second round to produce new machine learning drill\ntargets for both the main Granada Block and the Aukeko block to the\neast.\n \n \n \n \n Highlights\n \n \n :\n \n \n \n \n \n \n Four medium-high risk holes for 3,100m of drilling have\nbeen identified in addition to the 9 zones where there could be\nsignificant impact to the resource with some larger step\nouts.\n \n \n \n \n \n \n \n \n LiDAR Processing and Derivative Products ultimately\nused to develop a new Lineament Map of the entire Granada\nproperty.\n \n \n \n \n \n \n \n \n Geophysical Inversions of Regional Surveys and Local\nDrone Surveys have been created.\n \n \n \n \n \n \n \n \n Traditional Targeting focusing on 9 sectors prioritized\nby depth, grade of nearest mineralized interval, and potential for\nresource expansion. Total of 85,215m of drilling identified with\n12,700m in the highest priority.\n \n \n \n \n \n \n With the combination of multiple LiDAR products, a\nlineament map of the entire property was created. This data is to be\nused in both the 2D property geology map and the 3D geological\nmodel.\n \n \n \n \n An Updated Property Geology Map was created, using the\nhistorical maps, lineament data, and additional drill data from\nprevious Granada drill programs to fill in any gaps in the data.\n \n \n \n \n Geophysical Inversions of Regional Surveys and Local\nDrone Surveys were created and will be important in the next steps of\ntargeting to find drill targets for gold mineralization based on this\nMachine Learning (ML) process.\n \n \n \n \n The new 3-D geological model started with a Fault\nmodel, grouped into 3 orientations followed by a feldspar porphyry\ndyke model, and finally, a sedimentary rock model. A mathematical\nmodel using gold intersections over ...