Invitation to a Virtual Online Webinar Presentation by Granada CEO Frank Basa at 1:00 pm EDT on Thursday June 25, 2020

Jun 23, 2020

 

CEO Frank Basa to Outline Granada Gold’s Exploration and Development Plans in a Virtual Webinar Organized by Proactive Investors at 1:00 pm EDT (6 pm London Time) on Thursday June 25, 2020

Please join us in a virtual webinar as Granada Gold Mine CEO Frank J. Basa, P.Eng., outlines the company’s plans to further explore and develop the high-grade Granada Gold Deposit as part of the company’s goal of becoming a gold producer along the prolific Cadillac Break in Quebec.

The live webinar, which includes a Q and A session, is scheduled for 1:00 pm EDT (6 pm London time) on Thursday June 25, 2020 during the Proactive Investors One2One Virtual Forum.

Free registration for the event is available at:  https://event.webinarjam.com/register/308/6vvlobpm

If you have any questions, please contact me at any time (contact info below).

In the meantime, in case you missed it, I have included below the latest Granada Gold news release announcing the high-grade exploration program that is underway.

Drill results are expected to be published in the coming weeks as they are received, processed and interpreted.

Best regards,
Wayne

Wayne Cheveldayoff
Corporate Communications
Canada Silver Cobalt Works Inc. (TSXV: CCW; OTCQB: CCWOF; Frankfurt: 4T9B)
Granada Gold Mine Inc. (TSXV: GGM; OTC: GBBFF; Frankfurt: B6D)
waynecheveldayoff@gmail.com
mobile 416-710-2410
www.granadagoldmine.com
www.canadasilvercobaltworks.com

Granada Gold Mine Outlines 2020 High-Grade Exploration Program 

https://www.granadagoldmine.com/en/news/2020/granada-gold-outlines-2020-high-grade-exploration-program/

Mr. Frank Basa reports:

Rouyn Noranda, QC – June 2, 2020 – Granada Gold Mine (TSX.V: GGM) (“Granada Gold” or the “Company”) is pleased to provide an update of its 2020 plans and activities aimed at exploration and bulk sampling.

Highlights:

  • Diamond drilling aims to focus on the high-grade Vein No 1 structure.  To date, the structure has been traced for 500 metres on surface
  • Completion of bulk sample of high-grade Vein No. 1, targeting 30-50 tonnes mineralized material. The bulk sample will be processed at Temiskaming Testing Laboratory (TTL) in Cobalt, Ontario

Historical Recap:

  • Historic underground production between 1930 and 1935, from 2 shafts had an average grade of 9.7 grams/tonne gold and 1.5 grams/tonne silver from 164,816 tonnes of mineralized material (51,476 ounces gold in 181,744 tons at 0.28 oz/ton) primarily from Vein No.2 underground *
  •  A 1994 bulk sample extracted 87,311 tonnes grading 5.17 g/t gold from Pit No.1 (on Vein No. 1) *
  • A later, 1996 bulk sample extracted a bulk sample of 22,095 tonnes from surface grading 3.46 g/t gold from Vein 2

*The above disclosure of the bulk sample size and grade is extracted from the 43-101 Technical Report dated February 13, 2019 on the Granada Gold Project Mineral Resource Estimate, Rouyn Noranda, Quebec authored by the Qualified persons, Allan Armitage, Ph. D.., P. Geo and Maxime Dupere, B.SC., Geo both of SGS Canada Inc.  The Company has no reason to doubt its reliability.

Frank J. Basa, P.Eng., Granada Gold’s President and CEO, comments: “Continuing on our successful drill programs of 2019, we will now use new and recent results to help our re-interpretation of historical drill data with the focus on high-grade, near-surface mineralization models”.

Drill programs in 2019 focussed on testing the gold grade continuity and variability within mineralized structures.

GR-19-A intersected 11.45 g/t gold from 0 to 33 metres core length. The horizontal width, based on outcrop, is about 9 meters and true width is estimated at 6.3 meters. The core length reported is estimated to have intersected only 15-20% of the entire thickness of the zone. However, it is a real known extent in that direction down dip of gold mineralization within the intersected length. Assays are uncut except where indicated (refer to January 9, 2020, news release).

GR-19-C intersected a high-grade zone with 7.67 g/t gold over fifteen meters of core length from near surface at downhole depth of 18.5 to 33.5 metres on the extended LONG Bars zone (refer to Nov 6, 2019, news release). Assays are uncut except where indicated. True length is not known at present time.

Coarse, native gold was observed in the drill core of hole GR-19-E which intersected a high-grade zone with 12.32 g/t Au over 2 metres core length at a depth of 35.5 metres on the extended LONG Bars zone (refer to Oct 15, 2019, news release). The core length reported is estimated to have intersected 85-90% of true thickness of the zone. Assays are uncut except where indicated

It is important to note that the current NI 43-101 resource calculation by SGS does not include the above mineralized zone as it was recently uncovered by stripping for a water sump.

The current resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec is detailed in the report filed on Sedar, a technical report compliant with National Instrument 43-101 titled, “Granada Gold Project Mineral Resource Estimate Rouyn-Noranda, Quebec, Canada.” The report, written by Independent Qualified Persons Allan Armitage, PhD, P.Geo, and Maxime Dupere, BSc, P.Geo, of SGS Canada Inc., provides support for the following resource estimate:

Current Resources: 2019 Pit-Constrained Resource Estimate1
Category Tonnes Grade      (g/t Au) Contained Gold (oz.)
Measured 12,637,000 1.02 413,000
Indicated 9,630,000 1.13 349,000
M&I Total 22,267,000 1.06 762,000
Inferred 6,930,000 2.04 455,000

Cutoff 0.4 g/t Au; see Press Release of February 13, 2019 for detailed notes.

Qualified Persons
For the purposes of this announcement, Claude Duplessis, P. Eng., of Goldminds Geoservices Inc., a geological, environmental and mining consultant and qualified person in accordance with National Instrument 43-101, has reviewed and approved the contents of this news release.

About Granada Gold Mine Inc.
Granada Gold Mine Inc. is continuing to develop the Granada Gold Property near Rouyn-Noranda, Quebec. The property includes the former Granada gold mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930’s before a fire destroyed the surface buildings. 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 mineralized structure. The highly prolific Cadillac Trend, the source of 50 million plus ounces of gold production in the past century, cuts right through the north part of the Granada property on a line running from Val-d’Or to Rouyn-Noranda Quebec.
The Company is in possession of all 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, capable of producing up to 675,000 tonnes of ore over a 3-year period of time.  Additional information is available at www.granadagoldmine.com.

“Frank J. Basa”

Frank J. Basa P. Eng.
Chief Executive Officer and Chairman

Wayne Cheveldayoff, Corporate Communications, at 416-710-2410 or waynecheveldayoff@gmail.com

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.

Copyright © 2020 Granada Gold Mine, All rights reserved.
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Granada Gold Mine

2875 Granada Avenue

Rouyn-Noranda, Quebec J9Y 1J1

Canada

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