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Granada Gold Outlines 2020 High-Grade Exploration Program
ROUYN-NORANDA, QC, June 2, 2020 /CNW/ - Granada Gold Mine (TSXV: GGM) ("Granada Gold" or the "Company") is pleased to provide an update of its 2020 plans and ac
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN-NORANDA, QC, June 2, 2020 /CNW/ - Granada Gold Mine (TSXV: GGM) (\"Granada Gold\" or the \"Company\") is pleased to provide an update of its 2020 plans and activities aimed at exploration and bulk sampling. Highlights: Diamond drilling aims to focus on the high-grade Vein No. 1 structure. To date, the structure has been traced for 500 metres on surface Completion of bulk sample of high-grade Vein No. 1, targeting 30-50 tonnes mineralized material. The bulk sample will be processed at Temiskaming Testing Laboratory (TTL) in Cobalt, Ontario Historical Recap: Historic underground production between 1930 and 1935, from 2 shafts had an average grade of 9.7 grams/tonne gold and 1.5 grams/tonne silver from 164,816 tonnes of mineralized material (51,476 ounces gold in 181,744 tons at 0.28 oz/ton) primarily from Vein No.2 underground * A 1994 bulk sample extracted 87,311 tonnes grading 5.17 g/t gold from Pit No.1 (on Vein No. 1) * A later, 1996 bulk sample extracted a bulk sample of 22,095 tonnes from surface grading 3.46 g/t gold from Vein 2 *The above disclosure of the bulk sample size and grade is extracted from the 43-101 Technical Report dated February 13, 2019 on the Granada Gold Project Mineral Resource Estimate, Rouyn-Noranda, Quebec authored by the Qualified persons, Allan Armitage, Ph. D., P. Geo and Maxime Dupere, B.SC., Geo both of SGS Canada Inc. The Company has no reason to doubt its reliability. Frank J. Basa, P.Eng., Granada Gold's President and CEO, comments: \"Continuing on our successful drill programs of 2019, we will now use new and recent results to help our re-interpretation of historical drill data with the focus on high-grade, near-surface mineralization models\". Drill programs in 2019 focussed on testing the gold grade continuity and variability within mineralized structures. GR-19-A intersected 11.45 g/t gold from 0 to 33 metres core length. The horizontal width, based on outcrop, is about 9 meters and true width is estimated at 6.3 meters. The core length reported is estimated to have intersected only 15-20% of the entire thickness of the zone. However, it is a real known extent in that direction down dip of gold mineralization within the intersected length. Assays are uncut except where indicated (refer to January 9, 2020, news release). GR-19-C intersected a high-grade zone with 7.67 g/t go...