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SGS Canada updates Mineral Resource Estimate for Granada Gold property

Published by , Assistant Editor
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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