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Granada Gold Mine Inc.

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Summary

Project:

Granada

Deposit:Granada
Location:Canada
Commodities:Gold
Date:12/12/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Pre-Feasibility Study
Report details:12-12-2018: Granada Gold Mine Inc. announces a Resource Estimation report for its Granada deposit at the Granada project. Updated mineral resource estimate at the project. ROUYN NORANDA, QC, Dec. 12, 2018 /CNW/ - Granada Gold Mine (TSXV: GGM) ("Granada Go
Resources:(Resource, M+I): 22.432Mt @ 1.13g/t Au for 813Koz Au contained
CP/QP:[Resources]: Allan Armitage, Daniel Leroux (SGS Canada Inc.)
ABSTRACT:ROUYN NORANDA, QC, Dec. 12, 2018 /CNW/ - Granada Gold Mine (TSXV: GGM) ("Granada Gold" or the "Company") is pleased to announce that the Company has received an updated Mineral Resource Estimate by SGS Canada for its 100%-owned Granada Gold Property near RouynNoranda, Quebec. The updated mineral resource calculation is accompanied by a revised Block Model for the entire area drilled at Granada as of the end of the 2017 drilling program. Measured pit constrained mineral resources in the LONG Bars Zone are 12.8 million tonnes grading 1.13 g/t Au for total contained gold of 464,000 ounces. Indicated pit constrained mineral resources are 9.63 million tonnes grading 1.13 g/t Au for total gold ounces of 349,000, Measured+Indicated total 22.432 Mt @ 1.13 g/t Au for 813,000 ounces. Inferred pit constrained resources are 6.93 million tonnes grading 2.04 g/t Au for total gold ounces of 455,000.

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