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Granada Gold Mine Inc.
Summary
| Project: | Granada | |
|---|---|---|
| Deposit: | Granada | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-1-2019: Granada Gold Mine Inc. announces an Exploration/Drilling Update report for its Granada deposit at the Granada project. Drilling results incl. 6m @ 8.39g/t Au from 572.00m. ROUYN NORANDA, QC, Jan. 8, 2019 /CNW/ - Granada Gold Mine (TSX.V: GGM) (" | |
| Resources: | (Resource): 12.8Mt @ 1.13g/t Au (Meas), 9.6Mt @ 1.13g/t Au (Ind), 6.9Mt @ 2.04g/t Au (Inf) | |
| CP/QP: | [Overall Report]: Merouane Rachidi, Claude Duplessis (Not stated;GoldMinds Geoservices Inc.) | |
| ABSTRACT: | ROUYN NORANDA, QC, Jan. 8, 2019 /CNW/ - Granada Gold Mine (TSX.V: GGM) ("Granada Gold" or the "Company") is pleased to report final drill results from its Fall 2018 drill program at its Granada gold project along the Cadillac Trend in Northern Quebec. The program successfully identified new significant gold intersections at depth below the recently-updated Pit-Constrained gold resources as well as at a new, previously-untested area northwest of the Pit-Constrained resources. Frank J. Basa, President and CEO, stated: ''These drill results show that there is growth potential at our Granada gold project, both below and along strike with our existing gold resources, as well as at new target areas elsewhere on our property. We are optimistic about our 2019 activities given our recent progress in better defining our Pit-Constrained resources and our early successes with new target generation." In late Fall 2018, Granada Gold completed a 4 hole drill program totaling 2,889m. The holes tested magnetic anomalies from two areas (See Figure 1 below): 1) down-dip continuity of gold mineralization at depth below the Pit-Constrained resources, and 2) a magnetic anomaly roughly 500 m northwest of the Pit-Constrained resources, identified in the magnetometer survey completed in August 2018 (press release October 9, 2018). Holes GR-18-01 and GR-18-03 targeted the down-dip extension of gold mineralization below the PitConstrained resources. Hole GR-18-03 intersected multiple gold-bearing quartz veins between 564 m and 680 m downhole, exhibiting similar character to the veins typically exposed at surface within the stripped area. Hole GR-18-01 intersected a high-grade zone at around 270 meters from surface, associated with a silicified zone with disseminated pyrite within the conglomerate unit. | |
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