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Granada Gold Mine Inc.
Summary
| Project: | Granada | |
|---|---|---|
| Deposit: | Granada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 18-1-2017: Granada Gold Mine Inc. announces an Exploration/Drilling Update report for its Granada deposit at the Granada project. Drilling results incl. 4m @ 14.5g/t Au. ROUYN-NORANDA, QC, Jan. 18, 2017 /CNW/ - Granada Gold Mine Inc. (TSX-V: GGM) (OTCPINK | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | ROUYN-NORANDA, QC, Jan. 18, 2017 /CNW/ - Granada Gold Mine Inc. (TSX-V: GGM) (OTCPINK: GBBFF) (Frankfurt B6D) (the "Company" or "Granada") today announced preliminary drilling results from its 8,000-metre deep-hole drilling program initiated in December 2016 at the Granada Gold property near RouynNoranda, Quebec. The program was initiated to test the Granada high-grade gold vein system north of the existing pits in an area not previously included in resource estimates (news release December 2, 2016). Hole GR-16-14, the first deep hole drilled for this program, intersected 14.5 grams/tonne (g/t) Au over 4 metres (m) including 55.9 g/t Au over 1m at 881m and 7.3 g/t Au over 1 m at 710m. "We are highly encouraged by these drill results. This is one of the best intercepts at depth of all of our drilling over the years at Granada and is from an area not previously included in resource estimates. The results demonstrate high-grade gold mineralization continuity on the property and support the resource expansion potential at Granada and the Company's current geological model," stated Frank Basa, President and CEO. "Deep-hole drilling is continuing at the property and further results can be expected in the weeks ahead. We intend to continue drilling over the coming two years with the goal of doubling the size of the deposit, which remains open in all directions and at depth. The estimated 5.5 km east-west strike length is still approximately 80% unexplored. We look forward to further developing this deposit into a significantly larger asset for the benefit of shareholders of Granada Gold Mine," Mr. Basa added. | |
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