Pre-Concentration Tests of Low-Grade Gold Mineralization at Granada Gold Mine Shows Potential to Deliver Higher Grade Concentrate
Pre-Concentration Tests of Low-Grade
Gold Mineralization at Granada Gold
Mine Shows Potential to Deliver Higher
Grade Concentrate
ROUYN-NORANDA, QC, April 25, 2019 /CNW/ - Granada Gold Mine
(TSX-V: GGM) ("Granada Gold" "GGM" or the "Company") is pleased
to report on the latest encouraging results from a new two-stage
gravity concentration process. Low grade gold mineralization of 1.01
g/t was upgraded in the test to 67.99 g/t.
Mr. Frank Basa, Chairman and CEO of Granada Gold, stated, "We
are seeking ways to reduce costs, and therefore risks, of any possible
future production decision. These early-stage test results suggest this
technique has the potential of increasing the grade of mineralized
material prior to shipping for final processing, thereby lowering
tonnage shipped. Further testwork will be undertaken to optimize base
metal and gold grades, and recoveries."
The gravity pre-concentration study, originally reported by GGM in a
press release dated March 18, 2019, was conducted at the pilot plant
of Canada Cobalt Works (TSX-V: CCW), in Gowganda, Ontario.
In this test, a 120-kilogram sample of low-grade mineralized rock from
the Granada Gold Mine waste dump was processed by conventional
gravity concentration techniques over two stages. The first
concentrates (Conc. 1 in table below) were analyzed for gold, silver,
cobalt, nickel, and copper, and then fed back through the gravity
circuit to form the second concentrate (Conc. 2).
TABLE 1. Results of Gravity Separation of GGM Waste Rock
Au (g/t) Ag (g/t) Co (%) Ni (%) Cu (%)
Head Assay 1.01 0.5 .004 .009 .013
Conc. 1 12.04 15.30 .014 .015 .010
Conc. 2 67.99 62.80 .069 .037 .122
In addition, planning for summer exploration activities is underway,
with the aim of drill-testing targets in close proximity to the pit-
constrained gold resources as well as identifying new targets via
surface geologic work.
Qualified Person
The technical information in this news release was prepared under the
supervision of Frank J. Basa, P.Eng., Granada Gold Mine's Chairman
and Chief Executive Officer, who is a member of Professional
Engineers Ontario and a qualified person in accordance with National
Instrument 43-101.
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.
Chief Executive Officer and Chairman
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.
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http://www.newswire.ca/en/releases/archive/April2019/25/c7803.html
%SEDAR: 00004087E
For further information: Eric Owens, PGeo, President, 416-509-
5385, [email protected] or Wayne Cheveldayoff,
Corporate Communications, 416-710-2410,
CO: Granada Gold Mine Inc.
CNW 09:00e 25-APR-19