Business
Granada Retracts its Published Rubidium Resource
(TheNewswire) Quebec - TheNewswire - March 2, 2023 – Granada Gold Mine Inc. ...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Retracts its Published Rubidium Resource\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 Quebec - TheNewswire -\n \n \n March 2, 2023\n \n – Granada Gold Mine\nInc.\n \n (TSXV:GGM)\n \n (the “\n \n Company\n \n ” or “\n \n Granada\n \n ”) announced today that it\nhas retracted its published inferred Rubidium resource for the Granada\nGold Project, located near Rouyn-Noranda, Quebec.\n \n \n Following a review by the British Columbia Securities Commission\n(BCSC), it was found that the published inferred Rubidium resource\nestimate did not comply with National Instrument 43-101 (\"NI\n43-101\") standards, and therefore cannot be relied upon. Granada\ntakes its obligations to provide accurate and transparent disclosure\nvery seriously and regrets any confusion or inconvenience caused by\nthis retraction.\n \n \n The BCSC identified the following reasons for the retraction\n \n \n \n \n The estimation of resource was based on a single hole.\n \n \n \n \n The estimation of resource did not include all the required\ninformation and disclosures required by NI 43-101.\n \n \n \n \n The estimation of resource did not provide enough details about the\nassumptions and parameters used in the estimation.\n \n \n \n \n The estimation of resource was not supported by a sufficient amount of\ngeological data to meet NI 43-101 standards.\n \n \n \n \n Granada is committed to upholding the highest standards of disclosure\nand transparency and will work diligently to rectify this situation.\nThe Company will ensure that all future estimates of mineral resources\nare based on sufficient geological data and comply with all NI 43-101\nrequirements\n \n \n Granada's CEO, Frank J. Basa, B.Eng., P.Eng., commented, \"We\napologize for any inconvenience this may have caused and we are taking\nimmediate steps to address the error. We remain committed to the\nresponsible development of the Granada Mine Gold Project and will\ncontinue to update our shareholders and stakeholders as\nappropriate.\"\n \n \n \n About Granada Gold Mine Inc.\n \n \n \n \n Granada Gold Mine Inc. continues to develop and explore\nits 100% owned Granada Gold Property near Rouyn-Noranda, Quebec which\nis\n \n \n adjacent to the prolific Cadillac Break.\n \n \n The Company ow...