Granada Hits High-Grade gold
By providing on latest drill programme detail Granada Gold Mine Inc it is the first results from its latest drill program at its 100% owned Granada gold deposit in Rouyn-Noranda. Coarse, native gold was observed in the drill core. GR-19-E intersected a high-grade zone with 12.32 g/t Au over 2 meters including 48.80 g/t over 0.50 meters at a core length depth of 35.5 meters on the extended LONG Bars zone. Results are pending for GR-19-A, GR-19-B and GR-19-C for high grade verifications.
The 450-meter drill program focused on testing the gold grade continuity and variability within mineralized structures. Six holes were drilled to test for near surface high-grade mineralization. The objective was of being the verification of grade continuity within the identified, highly mineralized structure at surface.
"These preliminary results highlight the potential of near-surface, underground high-grade potential and are in line with historic production grades of 8 to 10 grams per tonne gold when it was mined in the thirties from the two shafts.
Visible gold was found in GR-19-A 180 meters to the West GR-19-E. We are pleased with the results to date, designed to test the continuity between the mineralized intersections of previous drill holes that intersected the mineralized structure perpendicularly in the extended LONG Bars zone and plan to expand the drill program." said Frank J. Basa, P.Eng., Granada’s President and CEO.
