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Innovexplo Begins Revised 43-101 Resource Study at Granada
ROUYN NORANDA, QC, July 16, 2020 /CNW/ - Granada Gold Mine (TSX.V: GGM) ("Granada Gold" or the "Company") is pleased to report that it has retained the services
About this update from Granada Gold Mine Inc.
[{"type":"text","content":" ROUYN NORANDA, QC, July 16, 2020 /CNW/ - Granada Gold Mine (TSX.V: GGM) (\"Granada Gold\" or the \"Company\") is pleased to report that it has retained the services of Innovexplo with a site visit this past week at the Granada Mine Site for a revised 43-101 resource. Innovexplo - Established in 2003, their mission is to contribute in an innovating, objective and efficient manner to the evolution of mining projects by offering a complete and integrated range of dependable and top-quality services at each phase of exploration and mining operations. \"Granada is currently drilling key holes to increase underground resources quality below existing pit constrained mineral resources,\" said Frank J. Basa, P.Eng., Granada Gold's President and CEO. \"The company has decided that a revised 43-101 should be undertaken at this stage to better reflect the potential of the resource.\" Grab Sample Granada undertook a grab sample of about 1000 kilograms of mineralized material containing visible gold in the vicinity of hole GR-19-A. Drilled in 2019 from surface, the interval from zero to 33 meters core length returned 11.45 grams per tonne gold. Visible gold was present in the core. It is estimated that the true width is 6.3 meters (see 2020-01-09 news release). The sample was sent to Temiskaming Testing Laboratories in Cobalt, Ontario for gravity gold recovery. Pit Constrained Mineral Resources The current resource at the Company's Granada Gold project in Rouyn-Noranda, Quebec is detailed in the 43-101 technical report filed on Sedar, titled: \"Granada Gold Project Mineral Resource Estimate Rouyn-Noranda, Quebec, Canada.\" The report, written by Independent Qualified Persons Allan Armitage, PhD, P.Geo, and Maxime Dupere, BSc, P.Geo, of SGS Canada Inc., provides support for the following resource estimate: Current Resources: 2019 Pit-Constrained Resource Estimate1 Category Tonnes Grade (g/t Au) Contained Gold (oz.) Measured 12,637,000 1.02 413,000 Indicated 9,630,000 1.13 349,000 M&I Total 22,267,000 1.06 762,000 Inferred 6,930,000 2.04 455,000 1 Cutoff 0.4 g/t Au; see Press Release of February 13, 2019 for detailed notes Qualified Persons For the purposes of this announcement, Claude Duplessis, P. Eng., of Goldminds Geoservices Inc., a geological, environmental and mining consultant and qualified person in accordance with Natio...