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Granada Hits Near-Surface High-Grade Material of 48 g/t Au Over 0.5 Meter in Drill Hole GR-19-E on the Extended Long Bars Zone
ROUYN NORANDA, QC, Oct. 15, 2019 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to provide the first results from its latest
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN NORANDA, QC, Oct. 15, 2019 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the \"Company\" or \"Granada\") is pleased to provide the first results from its latest drill program at its 100% owned Granada gold deposit in Rouyn-Noranda. Coarse, native gold was observed in the drill core. GR-19-E intersected a high-grade zone with 12.32 g/t Au over 2 meters including 48.80 g/t over 0.50 meters at a core length depth of 35.5 meters on the extended LONG Bars zone. Results are pending for GR-19-A, GR-19-B and GR-19-C for high grade verifications. Drill program 2019 The 450-meter drill program focused on testing the gold grade continuity and variability within mineralized structures. Six holes were drilled to test for near surface high-grade mineralization. The first hole, drilled to the north, was collared in an outcropping mineralization zone comprised of quartz veins, sheared and altered conglomerate adjacent to feldspar porphyry. The first hole, GR-19-A, was drilled to a length of 90 meters at a dip of 41 degrees. Hole GR-19-A was collared about 1m south from northern contact, the drill was not moved and a second hole GR-19-B was drilled to a length of 21 meters at a dip of 79 degrees. The drill was afterward moved about 2.5 meters to the south and hole GR-19-C was drilled to 70 meters at a dip of 47 degrees. The objective being the verification of grade continuity within the identified, highly mineralized structure at surface. It is important to note that the NI 43-101 resource calculation does not include this mineralized zone as it was recently uncovered by stripping for a water sump. Hole GR-19-D was drilled about 100 meters to the East from GR-19-A, from overburden to a length of 54 meters at a dip of 58 degrees. Holes GR-19-E and GR-19-F were drilled about 180 meters east of GR-19-A and intersected another mineralized zone. These holes were drilled to the south to a down-hole depth of 174 and 41 meters respectively at a dip of 60 and 48 degrees respectively. \"These preliminary results highlight the potential of near-surface, underground high-grade potential and are in line with historic production grades of 8 to 10 grams per tonne gold when it was mined in the thirties from the two shafts. Visible gold was found in GR-19-A 180 meters to the West GR-19-E. We are pleased with the results to date, designed to test the continu...