ROUYN NORANDA, QC, Feb. 19, 2021 /CNW/ - Granada Gold Mine Inc. (TSXV: GGM) (the "Company" or "Granada") is pleased to announce additional high-grade gold results from its on-going drill program at Granada. This release contains diamond drill results under the pit-constrained mineral resource with 5 holes.
Highlights:
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3.64 g/t gold over 3.45m in GR-20-15 from 399.00 to 402.45m
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5.25 g/t gold over 1.5m in GR-20-17 from 301.50 to 303.00m
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2.47 g/t gold over 3.00 in GR-20-18 from 510.50 to 513.50m
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13.20 g/t gold over 1.00 in GR-20-19 from 583.12 to 584.12m
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107.8 g/t gold over 4.00m in hole GR-20-21 from 617.40 to 621.40m
The intersections, many of which are mineralized between previously identified intervals, show extension and continuity of the mineralized structures. Significant high-grade intersections were encountered in the drill holes. In particular, GR-20-21, which intersected 107.8 g/t gold over 4 meters (details in Table 1). It extends the strike to the northeast and is the best drill result of the 2020 exploration drill program. The hole GR-20- 21 is being wedged off.
"These drill results continue to exceed expectations and demonstrate the potential of Granada. The exploration efforts have delivered some of our most significant results to date, extending the high-grade strike to the northeast and confirm continuity and high-grade gold mineralization at depth," said Frank J Basa, P.Eng., President & CEO.
For a summary of today's drill results, refer to table 1.
The 2021 Exploration program
The 2021 exploration drill program recently started with drilling of wedges and new holes under the higher-grade open pit constrained resources to increase the quantity and quality of the mineral resources. The drilling will focus on filling the gaps to allow building of additional mineral resources in addition to the testing of continuity of the structures with the 200-series holes.