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Granada Gold Proceeds with Evaluation of Custom Milling at the Beacon Gold Mill
(TheNewswire) March 27, 2025 – TheNewswire - Rouyn Noranda, Quebec, Gran...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Proceeds with Evaluation of Custom Milling at the Beacon Gold Mill \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 March 27, 2025 –\n \n\n TheNewswire -\n \n\n Rouyn\nNoranda, Quebec,\n \n\n Granada Gold Mine Inc. (TSXV:\nGGM) (the “Company” or “Granada”)\n \n\n is\npleased to\n \n\n announce that it has signed a\nnon-binding MOU for custom milling of the Granada Gold Mine ore at the\nBeacon Mill, owned by Lafleur Minerals in Quebec, Canada.\n \n\n\n\n Highlights of non-binding Custom\nMilling MOU:\n \n\n\n\n\n\n Beacon Mill is fully permitted for 750 tonnes per\nday.\n \n\n\n\n\n\n\n\n Granada Gold Mine is fully permitted to ship gold ore.\nCurrent open-pit and underground 43-101 measured and indicated\nresource at 543,000 ounces of gold at 2 grams per tonne gold (see\nbelow).\n \n\n\n\n\n\n\n\n Toll milling agreement is expected by June of this year\nfollowed by shipping of ore thereafter to the Beacon Mill.\n \n\n\n\n\n\n Granada CEO Frank J. Basa commented, “This is a\nwelcome development for Granada which enables the Company to generate\nrevenue to carry on with the planned deep drilling program and the\npotential to increase our current 43-101 resource by further drilling\nwhile developing a metallurgical balance.  Granada has obtained\nnumerous permits allowing the Company to conduct open-pit mining to\nship ore to a local mill and we are happy to know that the Beacon Mill\ncan be available to process it.  We are expecting the evaluation\nprocess to be relatively short and we are confident that shipping and\nproduction can begin before the end of 2025\n \n\n\n\n .\n \n\n ”\n \n\n\n\n Continuation of Deep Drilling Program\nand Metallurgical Balance Program:\n \n\n\n\n The current mineralized zone, over 2 kilometers of the\n5-kilometer overall east-west structure, is only 20 percent explored.\nA 120,000-meter drill program was outlined, of which 18,000 meters has\nbeen completed, to test gold mineralization at depth. Upon completion\nof this drill program, the Company will have drilled 270,000\nmeters.\n \n\n\n\n Based on gravity concentration processing of previous\nbulk samples, the Granada Gold Mine mineralized material shows that an\naverage of 50% of the recoverable gold is visible, or native\n \n\n\n 43-101 re...