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.
Read the article online at: https://www.globalminingreview.com/exploration-development/13122018/sgs-canada-updates-mineral-resource-estimate-for-granada-gold-property/