InvestorIntel Video: CEO Frank Basa on restructuring Granada Gold’s project into a high-grade deposit

Feb 18, 2021

InvestorIntel Video Interview: CEO Frank Basa on restructuring Granada Gold’s project to a high-grade deposit

Link to 6-minute video Interview:

InvestorIntel’s Description:

In a recent InvestorIntel interview, Tracy Weslosky spoke with Frank Basa, President, CEO, and Director of Granada Gold Mine Inc. (TSXV: GGM) about restructuring its Granada gold project into a high-grade deposit.

Mr. Basa said that with the recent release of new resource numbers, Granada Gold has converted the previous low-grade 1 g/t Au open pit to a higher-grade deposit with a combined smaller 2 g/t open pit and a potentially much larger 4 g/t underground. The company intends to continue with its 120,000 meter drill program to significantly upgrade the resource to about 2.5-3 million ounces, the majority of which will be underground at 4 g/t.

“4 g/t underground on the Cadillac Break, very few people have that,” said Mr. Basa.

He also commented on the competitive advantages of the Granada gold project’s location on the Cadillac Break. “The majors are showing up. They are looking for companies…If we hit 2.5-3 million ounces…we are looking at ourselves as a takeout target,” said Mr. Basa.