RE:Perhaps CCW and GGM Should Merge? TheNewswire - March 2, 2023 - Granada Gold Mine Inc. (TSXV:GGM) (the “Company” or “Granada”) announced today that it has retracted its published inferred Rubidium resource for the Granada Gold Project, located near Rouyn-Noranda, Quebec.
Following a review by the British Columbia Securities Commission (BCSC), it was found that the published inferred Rubidium resource estimate did not comply with National Instrument 43-101 ("NI 43-101") standards, and therefore cannot be relied upon. Granada takes its obligations to provide accurate and transparent disclosure very seriously and regrets any confusion or inconvenience caused by this retraction.
The following summarizes the reasons for the retraction:
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The estimation of resource was based on a single hole.
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The estimation of resource did not include all the required information and disclosures required by NI 43-101.
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The estimation of resource did not provide enough details about the assumptions and parameters used in the estimation.
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The estimation of resource was not supported by a sufficient amount of geological data to meet NI 43-101 standards.
This business practise is completely unacceptable. No update since. A single hole? I think we all know who that is; Frank Basa.