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SGS Canada updates Mineral Resource Estimate for Granada Gold property

Published by
Global Mining Review,

Granada Gold Mine Inc. (Granada Gold) has received an updated Mineral Resource Estimate by SGS Canada for its 100%-owned Granada Gold property near Rouyn-Noranda (Quebec).

The updated mineral resource calculation is accompanied by a revised Block Model for the entire area drilled at Granada as of the end of the 2017 drilling programme.


Pit constrained mineral resources:

  • 464 000 oz Measured @ 1.13 g/t Au and 349 000 oz Indicated @ 1.13 g/t Au at a cut-off grade of 0.40 g/t Au (813 000 oz M&I @ 1.13 g/t Au). 
  • 455 000 oz Inferred @ 2.04 g/t Au. 

Granada is fully permitted for initial mining of opencast resources based on a 2014 pre-feasibility study, and mineralised material has been stockpiled on site.  

Granada pit constrained resources 

Measured pit constrained mineral resources in the LONG Bars Zone are 12.8 million t grading 1.13 g/t Au for total contained gold of 464 000 oz. Indicated pit constrained mineral resources are 9.63 million t grading 1.13 g/t Au for total gold ounces of 349 000, Measured + Indicated total 22.432 million t @ 1.13 g/t Au for 813 000 oz. Inferred pit constrained resources are 6.93 million t grading 2.04 g/t Au for total gold ounces of 455 000.

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