2020 gold exploration program at Granada

Granada Gold provides an update of its 2020 plans and activities aimed at exploration and bulk sampling. Diamond drilling aims to focus on the high-grade Vein structure.  To date, the structure has been traced for 500 metres on surface. Completion of bulk sample of high-grade Vein No. 1, targeting 30-50 tonnes mineralized material.

 

Historic underground production between 1930 and 1935, from 2 shafts had an average grade of 9.7 grams/tonne gold and 1.5 grams/tonne silver from 164,816 tonnes of mineralized material primarily from Vein No.2 underground. A later, 1996 bulk sample extracted a bulk sample of 22,095 tonnes from surface grading 3.46 g/t gold from Vein 2.

 

Frank J. Basa, P.Eng. Granada Gold’s President and CEO, comments: “Continuing on our successful drill programs of 2019, we will now use new and recent results to help our re-interpretation of historical drill data with the focus on high-grade, near-surface mineralization models”.

 

Drill programs in 2019 focussed on testing the gold grade continuity and variability within mineralized structures.

 

Key: gold mining, gold exploration, gold vein drill

 

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