Announcement Date: 2021-12-06
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Granada Gold Mine Inc.
Project name: Granada
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 6.0m @ 5.54g/t Au from 135.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Rouyn Noranda, Q.C., December 6, 2021 – Granada Gold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the “Company” or “Granada”) is pleased to announce additional results from its on-going drill program at its Granada Gold project with multiple new gold assays from its GR-21-22, GR-21-23, GR-21-24 and GR-21-25 drill holes with grades up to 31.30 g/t over 1.00m, 11.70 g/t over 1.00m, and 10.05 g/t over 0.50m. A 500-tonne bulk sample of mineralized material was taken in the fall of 2020 (Press Release June 16, 2021) based on drill holes GR-19-A, -B and -C. The processing of this bulk sample is progressing well at Temiskaming Testing Labs, in Ontario, Canada. To date, 400 tonnes have been processed with the remaining 100 tonnes to be processed by the first quarter of 2022. Visible gold has been encountered during processing. The previous sample of 1,220 kilograms returned 55.6 grams per tonne of physical gold (Press Release August 11, 2020). The company is targeting a minimum openpit resource grade of 2 grams per tonne. Figure 1: Plan Map Showing Drill Hole Traces and Significant Assay Locations Immediately Northeast of Pit #1.
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