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GRANADA GOLD Reports Inferred Rubidium Mineral Resources of 5.3 Million Tonnes at 295 PPM
(TheNewswire) July 15, 2022 – TheNewswire - Rouyn-Noranda, Quebec, ...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"GRANADA GOLD Reports Inferred Rubidium Mineral Resources of 5.3 Million Tonnes at 295 PPM\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 July 15, 2022 –\n \n \n TheNewswire -\n \n \n Rouyn-Noranda, Quebec,\n \n \n Granada Gold Mine Inc.\n \n \n (TSXV:GGM) (the “Company” or “Granada”)\n \n \n is pleased to provide the first rubidium mineral resource\nestimate at the Granada property, which is a past-producer of\nhigh-grade gold adjacent to the prolific Cadillac Break near\nRouyn-Noranda in the Abitibi region and close to several gold deposits\nand operating mines in northwestern Quebec.\n \n \n \n \n The estimate is based on the mineralization in one\ndrill hole out of the three holes that unexpectedly intersected a\ndeposit of rubidium mineralization above the downward-trending gold\nveins on the northern edge of the Big Claim at the Granada property.\n(News releases March 23, March 30, May 12, and June 30, 2021.)\n \n \n \n \n The rubidium estimate is in addition to the recently\nannounced increase in gold mineral resources at Granada based on\n30,000 meters of drilling since the last estimate. Measured and\nindicated mineral resources increased by 21 percent to 543,000 oz Au\nand inferred mineral resources by 71 percent to 456,000 oz Au. (See\ntable below and news release July 6, 2022).\n \n \n \n \n Granada President and CEO Frank J. Basa\n \n \n , P.Eng., states: “With the first inferred rubidium\nresource and the successful leaching of the rubidium using the Re-2Ox\nprocess, and the global demand for EV metals the potential exists for\na significant revised economic evaluation of the Granada Gold Mine\nproperty if rubidium is recovered as a byproduct of the gold mining\nprocess.”\n \n \n \n \n Rubidium Highlights:\n \n \n \n \n \n \n Inferred underground mineral resources estimated at\n5,300,000 tonnes grading 295 grams/tonne rubidium, containing 1,600\ntonnes rubidium.\n \n \n \n \n \n \n \n \n The inferred mineral resource was estimated using one\nzone of 21 zones of rubidium mineralization in one 1.6-kilometer-deep\ndrill hole. A second drill hole, which was collared 1.6 kilometers\naway on strike and which also intercepted rubidium mineralization over\nmultiple zones, was not used in the resource estimation. The inferred\nresourc...