Granada Gold Mine Inc. · TSXV:GGM
Granada Gold Mine — Investor Presentation (November 2022)
30 slides from Granada Gold Mine's investor presentation, Nov 21, 2022
Slide 1: The Granada Gold Property in Quebec's Abitibi Region
Corporate Presentation November 21, 2022 Premier Exploration and Development THE GRANADA Project on the Prolific Cadillac Trend GOLD PROPERTY in Quebec’s Abitibi Region www.granadagoldmine.com TSX-V GGM OTC PK GBBFF FRANKFURT B6D
Slide 2: Disclaimer – Cautionary Statements
DISCLAIMER – Cautionary Statements No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Cautionary Note Concerning Forward-Looking Statements. This presentation includes certain “forward-looking statements”. All such sta
Slide 3: Granada Gold: World-Class Mining District
Granada Gold: World-Class Mining District Cadillac Break Trend: NW Quebec, >75 million ounces gold produced in past 100 years Highly Prospective Geology: Gold at surface and underground, simple metallurgy Infrastructure-Rich: Proximity to 10 gold mills, established mining labour market, electrical g
Slide 4: Underexplored Beyond Pit Resources
Granada Gold – Underexplored Beyond Pit Resources Located adjacent to the prolific Cadillac Break shear zone, hosted in Pontiac metasedimentary rocks and granitic sills along the Granada Shear Zone (“LONG Bars” Zone) North Zone East Extension Bulk Sample 1938 Grab Samples 1940 Avg. 7.0 oz Au/T Up to
Slide 5: Native Gold Frequently Observed at Granada
Native Gold Frequently Observed at Granada Bulk sampling activity June 2020 Example of native gold discovered TSX-V GGM OTC PK GBBFF FRANKFURT B6D 5
Slide 6: Significant Growth Potential
Granada Gold – Significant Growth Potential Exploration • Excellent expansion potential beyond current gold resource and maiden rubidium resource estimates • Numerous targets identified where past drilling near intersected high-grade gold and rubidium zones -- 80% of property remains unexplored • Ta
Slide 7: Plans/Recent Developments
Granada Gold – Plans/Recent Developments Recent 30,000m drill program generated major increase in resources (1) • Gold Measured and Indicated Resources: +21% to 543,000 oz Au • Gold Inferred Resources: +71% to 456,000 oz Au • Rubidium Inferred Resources: 5.3 million tonnes grading 295 g/t rubidium,
Slide 8: Plans/Recent Developments - 2
Granada Gold – Plans/Recent Developments - 2 Bulk Sampling • 500-tonne open-pit bulk sample processed at TTL in Ontario graded 4.33 g/t Au, which is higher than the current target open-pit grade of 2 g/t Au3 • Another bulk sample is planned for 2022 • Previous 1,220 Kg grab sample from Vein No. 1 re
Slide 9: Gold Resources by Grade
Granada Gold – Gold Resources by Grade Isometric View Looking South-Southeast with Block Model and drill holes. 0.55 g/t Au cut-off grade inside the pit and 2.5 g/t Au cut-off grade under the pit. ➢ Source: Granada Gold Mine News Release July 6, 2022. Resource estimate by SGS Canada: Yann Camus P.En
Slide 10: Gold Resources by Grade
Granada Gold – Gold Resources by Grade Isometric View Looking South-Southeast Showing the Drill Holes, and the Thin, Rich Veins Model (107 wireframes) ➢ Source: Granada Gold Mine News Release July 6, 2022. Resource estimate by SGS Canada: Yann Camus P.Eng. SGS Canada, Is the independent qualified pe
Slide 11: Resource Estimates for Gold
Granada Gold – Resource Estimates for Gold Updated Gold Mineral Resource – Combined Open Pit and Underground Granada Mineral Resource – As of June 23, 2022 Gold CutOff Classification Type Tonnes Au (g/t) Ounces Measured InPit+UG 4,900,000 1.70 269,000 Indicated InPit+UG 3,320,000 2.57 274,000 0.55 /
Slide 12: Resource Estimates for Gold – 2
Granada Gold – Resource Estimates for Gold – 2 Updated Mineral Resource – As of June 23, 2022 Granada Pit-Constrained Mineral Resources Estimate CutOff Classification Type Tonnes Au (g/t) Gold Ounces Measured1 InPit 4,840,000 1.68 261,000 Indicated InPit 2,440,000 2.09 164,000 0.55 Measured + Indica
Slide 13: Resource Estimates for Rubidium
Granada Gold – Resource Estimates for Rubidium Maiden Underground Mineral Resource • Rubidium inferred resource Cut Off Grade Classification Tonnes t Rb was estimated using one of (g/t Rb) (g/t Rb) 21 zones of rubidium in Rb 100 Inferred 25,920,000 153 4,000 one 1.6km drill hole – in a 185m zone aro
Slide 14: High-Grade Intersections
Granada Gold High-Grade Intersections Showing Pit, High-Grade Intercepts and Prospective Zone for Future Exploration1 Looking West (1) Composite Section TSX-V GGM OTC PK GBBFF FRANKFURT B6D 14
Slide 15: Rubidium Zone
Granada Gold Rubidium Zone Showing Cross-Section of Rubidium Intercepts by Grade Looking West Gold Pit TSX-V GGM OTC PK GBBFF FRANKFURT B6D 15
Slide 16: Gold Deposit Characteristics
Granada Gold – Gold Deposit Characteristics Gold mineralization in east-west trending veins and stringers, outcropping at surface Free gold at vein margins or within fractures of coarse veins and sulphides Current In-Pit Resource based on 873 drill holes totaling 116,863 meters Pit is in 2-km LONG B
Slide 17: Pre-Concentration Testing
Granada Gold – Pre-Concentration Testing Results Test work by Gekko in Australia in 2021 on low-grade mineralized waste material from the Granada deposit showed the following positive results: • Three gravity concentration processes used in the tests produced an average pre-concentration grade of 1.
Slide 18: Granada Gold: Undervalued vs. Comparables
Granada Gold: Undervalued vs. Comparables Market Cap Comparisons for Junior Gold Exploration Companies Similar grades and/or resource estimates Montage Gold (MAU) (lower grades, higher resource) Market Cap @$0.68: $71 million Galantas Gold (GAL) (higher grades, lower resource estimate) Market Cap @
Slide 19: Share Structure
Share Structure Recent Share Price(1) $0.03 Market Cap $4,500,000 Shares Issued and Outstanding(1) 150,542,848 Warrants Outstanding ($0.08 - $0.28) 55,801,513 Options Outstanding ($0.10 - $0.40) 3,725,000 Fully Diluted 210,069,361 52 WEEK LOW AND HIGH $0.03 - $0.10 GGM Shareholders to Benefit from D
Slide 20: Contact Information
Contact Information Frank J. Basa, P.Eng. Head Office (Administration) President, CEO and Chairman Granada Gold Mine Inc. Phone: 819-797-4144 2875 Ave Granada Rouyn-Noranda, Quebec J9Y 1J1 Email: fbasa@granadagoldmine.com Phone: 819-797-4144 Fax: 819-762-2306 www.GranadaGoldMine.com TSX-V GGM OTC PK
Slide 21: Management
Granada Management Frank J. Basa, P.Eng., President, CEO & Chairman • 30 years of experience globally in mine development and hydro-metallurgical engineering with expertise in milling, gravity concentration, flotation, leaching and refining of precious and base metals. Claude Duplessis, Eng, Project
Slide 22: Board of Directors
Granada Board of Directors Frank J. Basa, P.Eng., President, CEO & Chairman • 30 years of experience globally in mine development and hydro-metallurgical engineering with expertise in milling, gravity concentration, flotation, leaching and refining of precious and base metals. Dianne Tookenay, M.P.A
Slide 23: History
Granada Gold – History 1930s production: 51,476 oz Au from 181,744 tons at 9.7 g/t Au and 1.5 g/t Ag GGM acquired Granada property in 2006 and accumulated adjacent property Conducted 140,000 tonnes bulk sample Conducted exploration drilling (>90,000m) mostly near mine shafts 2012 Resource Estimate a
Slide 24: High-Grade Intersections
Granada Gold: High-Grade Intersections 2019 drilling: • 6 holes focused on testing the continuity between the mineralized intersections of previous drill holes on the extended LONG Bars Zone • Coarse, native gold observed in drill core • Drilling discovered unexpected near-surface, high-grade minera
Slide 25: 2020 Near-Surface Drill Results
Granada Gold – 2020 Near-Surface Drill Results • Drill results from the 100-series near-surface drill program targeting Vein 1 • Holes drilled to intersect veins uncovered by stripping and to follow high-grade corridor • 3.66 g/t gold over 26.5m in hole GR-20-110 including 13.49 g/t over 4m and 29.8
Slide 26: 2020 Under-the-Pit Drill Results
Granada Gold – 2020 Under-the-Pit Drill Results • Drill hole data under the pit demonstrate Granada’s underground potential • 107.8 g/t gold over 4.00m in GR-20-21 from 617.40 to 621.40m • 5.64 g/t gold over 6.86m in GR-20-10 from 364.64 to 371.50m including 20.40 g/t over 1.5m • 4.26 g/t over 4.50m
Slide 27: 2021 East of Pit #1 Drill Results
Granada Gold – 2021 East of Pit #1 Drill Results • Assay results of 200-Series drilling proved the continuity along the main vein structure east of Pit #1 and confirmed the extent to depth of high-grade gold mineralization. • This supports our view that the high-grade gold grades and occurrences are
Slide 28: 2021 West of Pit #2 Drill Results
Granada Gold – 2021 West of Pit #2 Drill Results • 200-Series drill results verify the continuity of high-grade gold mineralization along the main Vein #2 over broader intervals downdip of the main zone below the surface – up to 250m to the west of Pit #2 • It clearly shows the previous operators di
Slide 29: 2018 High-Grade Intersections
Granada Gold: 2018 High-Grade Intersections 2018 drilling: • Tested magnetic anomalies in 2 areas and discovered new gold zones • Discovered significant high-grade gold intersections at depth along strike in down- dip mineralization continuity below pit-constrained resources 8.39 g/t Au over 6 metre
Slide 30: 2018 Trenching at Aukeko
Granada Gold – 2018 Trenching at Aukeko Former Aukeko mine site on Granada property is highly prospective for exploration 1938 bulk sample tested 240 g/t Au(1) Exploration objective at Aukeko • Expand exploration of extended LONG Bars zone on strike going east to test the remainder of the unexplored
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