Granada Gold to Participate in John Tumazos Mining Conference Webinar on February 16 at 8:30 am Eastern
Granada Gold to Participate in John Tumazos
Mining Conference Webinar on February 16 at
8:30 am Eastern
ROUYN NORANDA, QC
,
Feb. 12, 2021
/CNW Telbec/ - Granada Gold Mine Inc. (TSXV: GGM)
(OTC: GBBFF) (FRANKFURT: B6D) (the "Company" or "Granada") is pleased to announce that it
will participate in a John Tumazos Very Independent Research LLC 2021 Conference webinar
Tuesday February 16, 2021
at
8:30 am
Eastern.
Frank Basa
, President and CEO, will present a company update including the
January 29, 2021
resource update showing higher grade open-pit and underground gold resources and the ongoing
drill program and bulk sampling activity underway at the
Granada
deposit aimed at expanding the
resource estimate to 2.5 to 3 million ounces with a 120,000-metre drill program. The webinar will
include a question-answer session.
Registration to the webinar can be found at:
https://register.gotowebinar.com/register/4933968681886522638
After registering, you will receive a confirmation email containing information about joining the
webinar.
The corporate presentation for the webinar can be found at:
https://www.granadagoldmine.com/en/investors/presentations/
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.
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion
and the Underground Portion
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the
Underground Portion (CNW Group/Granada Gold Mine Inc.)
1
.
Cut-off grades are based on a gold price of
US$1,600
per ounce, a foreign exchange rate of
US$0.76
for CA$1, a gold recovery of 93%
2
.
Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a
conceptual pit shell
3
.
Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably
mineable volumes
Qualified Persons
For the purposes of this announcement,
Claude Duplessis
, P. Eng., of Goldminds Geoservices Inc.,
a geological, environmental and mining consultant and qualified person in accordance with National
Instrument 43-101, has reviewed and approved the contents of this news release.
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 to download multimedia:
http://www.newswire.ca/en/releases/archive/February2021/12/c6553.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 14:57e 12-FEB-21