Member Company Profile

Granada Gold Mine

GGM:CN|Last Price: USD 0.08|Market Cap: USD 4.86 M

USD 0.07        USD 0.17


Gold Price: $1,499.20|Silver Price: $17.03|Platinum Price: $845.00|Palladium Price: $1,463.00|Gold:Silver: 88.0


Status: Developer|Primary Mineral: Gold|Primary Country of Operation: Canada


Last Updated: September 11, 2018

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IR Contact

Wayne Cheveldayoff
4167102410
[email protected]
www.granadagoldmine.com

Address

2875 Avenue Granada
Rouyn-Noranda, QC J9Y 1J1
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Granada Gold Mine.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.

Granada Gold Mine Inc. is exploring and developing the Granada Gold Deposit near Rouyn-Noranda, Quebec containing almost 5 million oz Au. The property has numerous high-grade veins and significant amount of free gold between the veins that shows up in the processing of bulk samples but not in drill core for resource estimates. Work on the property since 2006 has included 122,000 metres diamond drilling, a 2012 PEA, a 2014 PFS, and a 2017 updated NI 43-101 Resource Estimate. Currently, a bankable Feasibility Study is underway by global engineering firm Ausenco for a operating open-pit mine at the property producing 80,000 to 100,000 oz Au per year. Based on the 2014 PFS, permits already have been obtained to allow limited mining (550 t/d) of ore from high-grade open pits to ship to a local mill. The 2017 Block Model revision estimated Measured and Indicated of 1,534,000 oz Au (42,605,000 tonnes @1.12 g/t) and Inferred of 3,436,400 oz Au (81,691,000 @1.31). Included are Inferred Underground of 1,523,800 oz Au (10,386,000 tonnes @4.56 g/t). Plans include preparation of a Feasibility Study to produce 100.000 oz/yr Au, possible financing of a 600 t/d mill nearby at the Castle property to process ore temporarily until a full-sized mill can be permitted and constructed at Granada, and additional exploration aimed at expanding the quantity and grade of the gold resources of (1) the former Aukeko mine site where high-grade bulk samples were obtained in 1938, (2) Genesis target which geologists expect is the source of gold on the property, and (3) deep-hole drilling to the north of the open pit targeting 10-15 million tonnes at 4 to 6 g/t in a $21 million drill program.

Value Drivers
  • Granada Gold Deposit contains almost 5 million oz Au (based on Block Model estimates)
  • Additional exploration planned to target source of the gold and expansion of the size of the deposit
  • Bankable Feasibility Study underway and permits already obtained for limited open-pit mining to ship to a local mill
Top Shareholders
  • Frank Basa
  • not known
  • not known
Management
Chairman: Frank Basa
CEO: Frank Basa
More Detail
Capital Structure
Common Shares Outstanding: 58,805,073
Float (%): 100.00
Warrants Outstanding: 17,156,132
Options Outstanding: 5,614,875
Fully Diluted Shares: 81,576,080

IR Contact

Wayne Cheveldayoff
4167102410
waynecheveld[email protected]
www.granadagoldmine.com

Address

2875 Avenue Granada
Rouyn-Noranda, QC J9Y 1J1
Canada

Cautionary Information

© Copyright 2019, Denver Gold Group & Granada Gold Mine.
Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.