Highlights:
- Gold at 1.33 g/t over core length of 273.75 meters from 4.5 meters to 278.25 meters from surface
- Gold at 12.61 g/t over core length of 16.5 meters from 37.5 meters to 54.0 meters from surface
- Gold at 3.49 g/t over core length of 30.50 meters from 79.0 meters to 109.5 meters from surface
The 200- and 100-series drill holes are drilled down dip to maximize the intersection of native gold in the mineralized veins. The 43-101 reports indicates that 50 percent of the gold in the resource is in the massive, native, or visible form (SGS
Table 1: Details of the first highlight interval at 12.61 g/t Gold uncut
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 37.50 | 38.25 | 0.75 | 1.27 |
GR-21-05 | 38.25 | 39.00 | 0.75 | 8.69 |
GR-21-05 | 39.00 | 39.75 | 0.75 | 9.28 |
GR-21-05 | 39.75 | 40.50 | 0.75 | 23.52 |
GR-21-05 | 40.50 | 41.00 | 0.50 | 5.37 |
GR-21-05 | 41.00 | 41.50 | 0.50 | 3.78 |
GR-21-05 | 41.50 | 42.00 | 0.50 | 5.82 |
GR-21-05 | 42.00 | 42.50 | 0.50 | 6.84 |
GR-21-05 | 42.50 | 43.00 | 0.50 | 9.50 |
GR-21-05 | 43.00 | 43.50 | 0.50 | 62.08 |
GR-21-05 | 43.50 | 44.00 | 0.50 | 11.39 |
GR-21-05 | 44.00 | 44.50 | 0.50 | 16.53 |
GR-21-05 | 44.50 | 45.00 | 0.50 | 23.64 |
GR-21-05 | 45.00 | 45.50 | 0.50 | 3.84 |
GR-21-05 | 45.50 | 46.00 | 0.50 | 1.02 |
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 46.00 | 46.50 | 0.50 | 5.26 |
GR-21-05 | 46.50 | 47.00 | 0.50 | 31.26 |
GR-21-05 | 47.00 | 47.50 | 0.50 | 19.69 |
GR-21-05 | 47.50 | 48.00 | 0.50 | 1.06 |
GR-21-05 | 48.00 | 48.50 | 0.50 | 0.08 |
GR-21-05 | 48.50 | 49.00 | 0.50 | 0.14 |
GR-21-05 | 49.00 | 49.50 | 0.50 | 2.32 |
GR-21-05 | 49.50 | 50.00 | 0.50 | 16.55 |
GR-21-05 | 50.00 | 50.50 | 0.50 | 15.21 |
GR-21-05 | 50.50 | 51.00 | 0.50 | 9.56 |
GR-21-05 | 51.00 | 51.50 | 0.50 | 27.86 |
GR-21-05 | 51.50 | 52.00 | 0.50 | 13.55 |
GR-21-05 | 52.00 | 52.50 | 0.50 | 14.71 |
GR-21-05 | 52.50 | 53.00 | 0.50 | 7.83 |
GR-21-05 | 53.00 | 53.50 | 0.50 | 23.40 |
GR-21-05 | 53.50 | 54.00 | 0.50 | 13.55 |
Table 2: Details of the second highlight interval at 3.49 g/t Gold uncut
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 79.00 | 80.00 | 1.00 | 3.87 |
GR-21-05 | 80.00 | 81.00 | 1.00 | 0.91 |
GR-21-05 | 81.00 | 81.75 | 0.75 | 6.40 |
GR-21-05 | 81.75 | 82.50 | 0.75 | 2.31 |
GR-21-05 | 82.50 | 83.50 | 1.00 | 1.86 |
GR-21-05 | 83.50 | 84.40 | 0.90 | 8.56 |
GR-21-05 | 84.40 | 85.10 | 0.70 | 1.26 |
GR-21-05 | 85.10 | 85.80 | 0.70 | 0.63 |
GR-21-05 | 85.80 | 86.60 | 0.80 | 2.09 |
GR-21-05 | 86.60 | 87.50 | 0.90 | 1.95 |
GR-21-05 | 87.50 | 88.50 | 1.00 | 5.30 |
GR-21-05 | 88.50 | 89.50 | 1.00 | 4.48 |
GR-21-05 | 89.50 | 90.50 | 1.00 | 5.99 |
GR-21-05 | 90.50 | 91.50 | 1.00 | 1.55 |
GR-21-05 | 91.50 | 92.50 | 1.00 | 0.04 |
GR-21-05 | 92.50 | 93.50 | 1.00 | 0.36 |
GR-21-05 | 93.50 | 94.55 | 1.05 | 0.16 |
GR-21-05 | 94.55 | 95.50 | 0.95 | 0.09 |
GR-21-05 | 95.50 | 96.50 | 1.00 | 0.16 |
GR-21-05 | 96.50 | 97.50 | 1.00 | 0.29 |
GR-21-05 | 97.50 | 98.50 | 1.00 | 3.51 |
GR-21-05 | 98.50 | 99.50 | 1.00 | 2.13 |
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 99.50 | 100.50 | 1.00 | 0.39 |
GR-21-05 | 100.50 | 101.50 | 1.00 | 0.60 |
GR-21-05 | 101.50 | 102.25 | 0.75 | 1.90 |
GR-21-05 | 102.25 | 103.00 | 0.75 | 7.40 |
GR-21-05 | 103.00 | 103.75 | 0.75 | 1.21 |
GR-21-05 | 103.75 | 104.30 | 0.55 | 0.31 |
GR-21-05 | 104.30 | 105.00 | 0.70 | 0.36 |
GR-21-05 | 105.00 | 105.55 | 0.55 | 10.57 |
GR-21-05 | 105.55 | 106.25 | 0.70 | 1.54 |
GR-21-05 | 106.25 | 107.00 | 0.75 | 2.31 |
GR-21-05 | 107.00 | 107.75 | 0.75 | 0.68 |
GR-21-05 | 107.75 | 108.50 | 0.75 | 2.75 |
GR-21-05 | 108.50 | 109.00 | 0.50 | 6.09 |
GR-21-05 | 109.00 | 109.50 | 0.50 | 66.54 |
This GR-21-05 hole crossed a zone previously intersected perpendicular to the vein in hole GR-09-02 which assayed 3.95 g/t gold over 8.8 meters true thickness from 39.2 meters to 48.0 meters downhole.
Table 3: Coordinates of the hole
Hole | UTME | UTMN | Elevation | Azimuth | Dip | Length (m) |
GR-21-05 | 646699 | 5338091 | 320 | 15 | -47 | 278.25 |
Qualified person
The technical information in this news release has been reviewed by
Quality Control and Reporting Protocols
All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA (Atomic Absorption) finish or gravimetric finish at (i)
About
Updated Mineral Resource
The updated resource at the Company's Granada Gold project in
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion
Type | Category | Tonnes | Au (g/t) | Gold Ounces |
In Pit | Measured1 | 3,756,000 | 1.89 | 228,000 |
Indicated | 1,357,000 | 2.55 | 111,000 | |
Measured+Indicated | 5,113,000 | 2.06 | 339,000 | |
Inferred | 34,000 | 11.29 | 12,000 | |
Underground | Measured | 37,000 | 4.22 | 5,000 |
Indicated | 807,000 | 4.02 | 104,000 | |
Measured+Indicated | 844,000 | 4.03 | 109,000 | |
Inferred | 1,244,000 | 6.33 | 253,000 |
1. | Cut-off grades are based on a gold price of |
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 |
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"
President and Chief Executive Officer
Neither the
SOURCE
© Canada Newswire, source