Granada Gold outlines expanded metallurgical test program for the recovery of low-grade gold, cobalt and nickel
Granada Gold outlines expanded metallurgical
test program for the recovery of low-grade
gold, cobalt and nickel
ROUYN-NORANDA, QC
,
July 23, 2019
/CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the
"Company" or "Granada") Granada Gold Mines Ltd., through its expanded Phase I metallurgical test
program, has the potential to greatly increase the potential resource at the Granada Property on the
Cadillac trend by recovering the low-grade, halo-effect gold mineralization around the main
mineralized veins based on preliminary metallurgical testwork done this spring (see
April 25, 2019
,
news release).
Low-grade waste pile mineralized material has been sent to SGS
Lakefield, Ontario
to begin
process optimization to increase the gold grade with the focus also on cobalt and nickel recovery.
Highlights:
A 30,000 tonne bulk sample at 19 mm has been screened out of the waste pile for test
purposes.
The expanded LONGBARS zone, extending 2 kilometers east-west over a potential 5.5-
kilometer mineralized structure along the Cadillac trend, features halo-effect gold mineralization
around the main mineralized veins.
This mineralized material is amenable to conventional gravity concentration and has, in the past,
been mined and rejected to the waste pile.
Preliminary testwork using conventional gravity concentration has produced a high-grade gold
concentrate with increased base metals grades.
Frank J. Basa
, P.Eng., Granada Gold's president, comment: "The test results to date increasingly
indicate that there is potential to upgrade this low-grade gold within the halo-effect mineralized
material."
Qualified person
The technical information in this news release has been reviewed and approved by
Frank J. Basa
,
P.Eng., Granada Gold mine Inc.'s President and Chief Executive Officer, who is a member of
Professional Engineers Ontario and a qualified person in accordance with National Instrument 43-
101 standards.
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.
The Company is in possession of a mining permit 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/July2019/23/c7884.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 08:30e 23-JUL-19