Video Interview: CEO Frank Basa Outlines Plans for Granada Gold Project with New Rubidium Resource
In a Proactive Investors video interview on August 3, 2022, GGM CEO Frank Basa outlined plans for the Granada Project following:
- A substantial increase in the Gold Resource to 1 million oz M+I+I
And
- A new Rubidium Resource estimate with the rubidium at Granada having a potential in-situ value of 690,000 to 1,280,000 oz gold equivalent.
Link to 8-minute video:
https://www.youtube.com/watch?v=Rpk22op1xN8
Link to video on GGM website:
https://granadagoldmine.com/en/investors/media/
Link to news release on revised gold resource estimate:
https://granadagoldmine.com/en/news/2022/granada-gold-announces-recent-drill-program-has-increased-measured-and-indicated-mineral-resources-by-21-to-543-000-oz-au-and/
Link to news release on new rubidium resource estimate:
https://granadagoldmine.com/en/news/2022/granada-gold-reports-inferred-rubidium-mineral-resources-of-5.3-million-tonnes-at-295-ppm/
Link to GGM presentation:
https://granadagoldmine.com/en/investors/presentations/
See below for Granada profile and the company’s website at www.granadagoldmine.com
Please contact us with any question.
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)
[email protected]
mobile 416-710-2410
www.granadagoldmine.com
www.canadasilvercobaltworks.com
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property adjacent to the prolific Cadillac Break near Rouyn-Noranda, Quebec. The Company owns 14.73 square kilometers of land in a combination of mining leases and claims and to date Granada has conducted 150,000m of drilling on the property. The Company recently completed 30,000m of a planned 120,000m drill program aimed at expanding the size of the deposit. The drills are currently paused to provide the technical team with the necessary time to evaluate and assimilate existing data.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne (g/t) gold from two shafts down to 236m and 498m with open pit grades from 3.5 to 5 g/t gold.
The property includes the former Granada Gold underground mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930’s from two shafts before a fire destroyed the surface buildings. In the 1990’s, Granada Resources extracted a bulk sample (Pit #1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (Pit # 2) of 22,095 tonnes grading 3.46 g/t Au.
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.
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 email. This email and video 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.
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