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Granada Gold Mine Inc.

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Summary

Project:

Granada

Deposit:Granada
Location:Canada
Commodities:Gold
Date:10/15/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Pre-Feasibility Study
Report details:15-10-2019: Granada Gold Mine Inc. announces an Exploration/Drilling Update report for its Granada deposit at the Granada project. Drilling results incl. 2m @ 12.32g/t Au. ROUYN NORANDA, QC, Oct. 15, 2019 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "C
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Claude Duplessis (GoldMinds Geoservices Inc.)
ABSTRACT: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. 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.

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