For thousands of other reports visit RSC's Mineral Intellingence Map
Granada Gold Mine Inc.
Summary
| Project: | Granada | |
|---|---|---|
| Deposit: | Granada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 28-2-2017: Granada Gold Mine Inc. announces an Exploration/Drilling Update report for its Granada deposit at the Granada project. Drilling results incl. 18m @ 0.90g/t Au from 16m. Granada Gold Mine (TSX-V: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Claude Duplessis (GoldMinds Geoservices Inc.) | |
| ABSTRACT: | Granada Gold Mine (TSX-V: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the "Company" or "Granada") today announced the results of its drill test of the thickness of mineralization under the porphyry intrusion between Old Pit #1 and the 2014 Preliminary Feasibility Study (PFS) Pit at the Granada Gold Property near Rouyn-Noranda, Quebec. The drill test, which was announced in a news release on February 2, 2017, was aimed at obtaining additional data for the new geological model being developed on an on-going basis by geological consultants GoldMinds Geoservices Inc. "The drill test successfully intersected gold mineralization in two zones near the surface between the two pits, which is an area that had not been included in previous resource estimates for the PFS. The results provide confirmation of the new mineralization model associated with the intrusive dykes similar to the Canadian Malartic mine as well as the Barry and Windfall models," said Frank Basa, President and Chief Executive Officer. The test hole GR-17-04, which was drilled toward the west above an aggregate pile at 263 degrees north with a dip of 42 degrees, intersected gold mineralization under the Syenite Feldspar Porphyry (FP) intrusion. In addition to the drill test, the Company in recent months has conducted a deep-hole exploration drilling program at Granada in line with its goal of doubling the size of the deposit over two years as part of a program to increase the value of the Granada deposit for shareholders. The potential 5.5 km strike length of the high-grade gold vein structure identified at Granada still remains approximately 80% unexplored. The deep-hole drill program was announced in a news release on December 2, 2016. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report