GoldSpot Discoveries (SPOT) has been engaged by Granada Gold Mine Inc. (GGM) to provide geoscience expertise at the Granada property.
The Granada property in the Abitibi Greenstone Belt, near Rouyn-Noranda, Quebec has a history of mining and exploration stretching back to the 1930s. Over the years, the property has been drilled by several companies with over 120,000m drilled. Granada is committed to drilling an additional 120,000m to expand on the existing resource.
The existing resource at Granada has an in-pit measured and indicated 5,113,000 tonnes at 2.06 g/t Au for 339,000 gold ounces and an underground measured and indicated 844,000 tonnes at 4.03 g/t Au for 109,000 gold ounces, as well as 1,244,000 tonnes at 6.33 g/t for 253,000 gold ounces in the underground resource at inferred.
GoldSpot will provide smart targeting for Granada’s ongoing drill program to help expand the existing resource and provide additional exploration targets for new discoveries.
The property at Granada, including the existing open pits and the previous Granada Mine shafts, covers 1,473.77 ha over 2 km of strike length and the potential for strike length to be extended to 5.5 km stretching to the Aukeko and Austin Rouyn Mine Shafts to the east.
GoldSpot Chief Executive Officer, Vincent Dubé-Bourgeois commented on the partnership with Granada.
“We are very excited to be working with Granada on their project in the Abitibi. GoldSpot has an extensive history working in the area and we look forward to building on our previous successes with the interesting and highly prospective project at Granada. The Granada project is on the verge of production and GoldSpot plans on helping Granada expand their existing resource to be able to mine well into the future.”
Frank J. Basa, P.Eng, President and Chief Executive Officer of Granada added,
“The Granada team is looking forward to working with the experienced team at GoldSpot to help maximize shareholder value – to expand existing resources and identify new targets.”
Granada Gold Mine Inc. continues to develop and explore its 100 per cent owned Granada Gold Property near Rouyn-Noranda, Quebec. The company owns 14.73 square kilometers of land in a combination of mining leases and claims. The company is currently undergoing a large drill program with 30,000m out of 120,000m total to complete. 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.
GoldSpot Discoveries is a technology company using artificial intelligence to revolutionize the future of global mineral exploration with a full suite of data and knowledge-driven SaaS tools and services.
GoldSpot Discoveries Corp. (SPOT) opened trading at C$1.05 per share.