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Home > News > Granada hits 107.8 g/t gold...

Granada hits 107.8 g/t gold over 4m near Rouyn-Noranda

Feb 19, 2021


“These drill results continue to exceed expectations and demonstrate the potential of Granada. The exploration efforts have delivered some of our most significant results to date, extending the high-grade strike to the northeast and confirm continuity and high-grade gold mineralization at depth,” said Frank J Basa, P.Eng., President & CEO.

Granada Gold Mine Inc. has announced additional high-grade gold results from its on-going drill program at Granada. 
 
Highlights:

  • 3.64 g/t gold over 3.45m in GR-20-15 from 399.00 to 402.45m
  • 5.25 g/t gold over 1.5m in GR-20-17 from 301.50 to 303.00m
  • 2.47 g/t gold over 3.00 in GR-20-18 from 510.50 to 513.50m
  • 13.20 g/t gold over 1.00 in GR-20-19 from 583.12 to 584.12m
  • 107.8 g/t gold over 4.00m in hole GR-20-21 from 617.40 to 621.40m

 
The intersections, many of which are mineralized between previously identified intervals, show extension and continuity of the mineralized structures. Significant high-grade intersections were encountered in the drill holes. In particular, GR-20-21, which intersected 107.8 g/t gold over 4 meters (details in Table 1).  It extends the strike to the northeast and is the best drill result of the 2020 exploration drill program. The hole GR-20- 21 is being wedged off.
 

For a summary of today’s drill results, refer to table 1.

The 2021 Exploration program
The 2021 exploration drill program recently started with drilling of wedges and new holes under the higher-grade open pit constrained resources to increase the quantity and quality of the mineral resources. The drilling will focus on filling the gaps to allow building of additional mineral resources in addition to the testing of continuity of the structures with the 200-series holes.
 
Table 1: ASSAY RESULTS LOCATED BELOW THE 2021 HIGHER-GRADE, PIT-CONSTRAINED MINERAL RESOURCE
 

Hole IDFrom (m)To (m)Length (m)Gold (g/t)

     

GR-20-15331.15336.155.001.43

AND346.65349.653.002.85

AND399.00402.453.453.64

Including400.50402.451.956.41

GR-20-17294.00303.009.001.40

Including301.50303.001.505.25

AND318.00321.003.002.05

AND364.00367.753.751.83

Including367.00367.750.755.75

GR-20-18510.50513.503.002.,47

AND526.40529.403.001.66

AND564.50567.002.502.17

AND596.70600.003.302.64

GR-20-19498.50504.506.001.90

Including503.00504.501.506.20

AND577.50584.126.622.35

Including583.12584.121.0013.20

GR-20-21560.40563.403.003.93

Including560.40561.901.507.80

AND617.40621.404.00107.8

AND759.60760.100.503.35

 
Lengths are core length and are close to true widths, no capping applied. Au is Gold by Fire assay, or by gravimetric finish or screen metallic method.
 
Table 2 presents the characteristics of the drill holes of this release.
 
TABLE 2: DRILL HOLE LOCATION DATA
 

HoleUTMEUTMNElevationAzimuthDipLength (m)

GR-20-15647226.55338476.9303.32180.0-80.3552

GR-20-16647006.55338446.3312.52201.5-73.1498

GR-20-17647006.65338446.4312.48201.5-80.2558

GR-20-18647335.75338656.3302.05222.0-65.0600

GR-20-19647335.75338656.3302.05197.6-65.0702

GR-20-20645968.05339544.0292.0183.6-86.0588

GR-20-21647335.75338656.3302.05197.6-65.0761

GR-20-22647617.05339243.0290.04.4-65.01600

 
Qualified person
 
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National Instrument 43-101 standards.

Quality Control and Reporting Protocols
 
All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA (Atomic Absorption) finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Columbia. The screen assay method is selected by the geologist when samples contain visible gold. The drill program, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes for this program in addition to the lab QA/QC.
 
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 120,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property. But is not necessarily indicative of mineralization hosted on the company’s property.

Updated Mineral Resource
 The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release. 



Tags: Quebec / Exploration / Gold / All Articles