Granada Gold Announces Appointment of New CFO
Granada Gold Announces Appointment of New
CFO
ROUYN NORANDA, QC
,
April 1, 2021
/CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the
"Company" or "Granada") is pleased to announce that Mr.
Ryan Webster
has been appointed as
Chief Financial Officer of the Company effective today, replacing the Company's interim CFO, Mr.
Robert Guanzon
.
Mr. Webster brings over 15 years' experience as a finance professional in the mining industry.
Formerly Mr. Webster served as a consultant providing corporate finance services to a variety of
clients, including contract CFO services to Blue Thunder Mining Inc. During his time at Blue Thunder
he led the company through a qualifying transaction for public listing on the TSX Venture Exchange.
Prior to his time as a consultant, Mr. Webster held the role of VP, Finance at Dominion Diamond
Corporation (formerly Harry Winston Diamond Corporation and Aber Diamond Corporation) where
he led and executed over
CDN$2 billion
in corporate M&A transactions including the purchase of
BHP Billiton's diamond business in 2013 for
US$500 million
and the sale of Dominion Diamond
Corporation to the Washington Companies in 2017 for
US$1.2 billion
. He also helped raise over
$1
billion
in corporate credit facilities. Mr. Webster holds is a Chartered Professional Accountant
(CMA) and Chartered Financial Analyst.
The Company thanks Mr. Guanzon for his contributions during the Company's transition and wishes
him well in his future endeavors.
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.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping
as well as from current and historical drilling, up to twenty-two mineralized structures trending east-
west over five and a half kilometers. Three of these structures were mined historically from two
shafts and two open pits. Historical underground grades were 8 to 10 grams per tonne gold from
two shafts down to
236 m
and
498 m
with open pit grades from 5 to 3.5 grams per tonne gold.
The Company is in possession of all mining permits required to commence the initial mining phase,
known as the "Rolling Start", which allows the company to mine up to 550 tonnes per day. Additional
information is available at
www.granadagoldmine.com
.
"Frank J. Basa"
Frank J. Basa P. Eng
.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such statements.
SOURCE
Granada Gold Mine Inc.
View original content:
http://www.newswire.ca/en/releases/archive/April2021/01/c0215.html
%SEDAR: 00004087E
For further information:
Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144 or Wayne
Cheveldayoff, Corporate Communications, at 416-710-2410 or [email protected]
CO: Granada Gold Mine Inc.
CNW 07:30e 01-APR-21