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Granada Gold Mine Inc.
Summary
| Project: | Granada | |
|---|---|---|
| Deposit: | Granada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 16-5-2017: Granada Gold Mine Inc. announces a Resource Estimation report for its Granada deposit at the Granada project. Updated Mineral Resource estimate for Granada including Initial underground resource. This technical report was prepared by GoldMinds | |
| Resources: | (Resource, M+I): 21.575Mt @ 1.16g/t Au for 807.7Koz Au contained in pit at Granada | |
| CP/QP: | [Resources]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | This technical report was prepared by GoldMinds Geoservices Inc. (GMG) for Granada Gold Mine Inc. (GGM) to support the disclosure of an updated mineral resource estimation according to the guidelines set under “Form 43-101F1 Technical Report” of National Instrument 43-101 Standards. This technical report describes the methodology used for the modeling and estimation of the Granada Gold property mineral resource using historical data, recent data and new diamond drillhole data of the 2016 & 2017 drill campaign. The report also presents a review of the history, geology, sample preparation, QA/QC program and data verification of the Granada Gold Mine deposit and provides recommendations for future work. The report is an updated resource estimation following the diamond drilling program of 2016-2017. The property is fully permited in accordance with the rolling start mining scenario presented in the Prefeasibility Study in 2014 by SGS and GMG. The company has its Certificate of Authorisation and all permits for the mining by open-pit of 550 tonnes of ore per day. The current Granada Gold Mine mineral resources of 2017 are estimated by GMG for the purpose of a furture gold production at a larger scenario than the one identified in the 2014 PFS rolling start. The Granada Gold Mine property is located 5 kilometres south of the city center of Rouyn-Noranda in northwestern Quebec and 1.5 kilometers south east of the borough of Granada. The Property is located in the municipality of Rouyn-Noranda (Granada sector) in northwestern Québec, the area is centered at 48°10' N Latitude and 79°01' W Longitude in National Topographic Map. This property comprises NTS map sheet 32D02 and 32D03. | |
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