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Granada Gold Mine Inc. Seeks for Investors in China

Granada Gold Mine Inc. Seeks for Investors in China

Granada Gold Mine Inc.

Region:Noranda Quebec, Granada

Requirement:Equity investment

Mineral Species:Gold

Want to know

Project Details

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Granada Gold Mine Inc.

Seeks for Investors in China

Company Profile

Granada Gold Mine Inc. (OTCPK: GBBFF | TSXV: GGM | Frankfurt: B6D) is a Canadian junior mining and exploration company with Gold property in Quebec. Market value C$ 17,125,647. Owner of Granada Gold Mine.

 

Mineral Classification

Gold.

 

Gold Project Profile

Ø  Flagship Project: Granada Gold project.

Ø  Location: 15 minutes from Rouyn-Noranda Quebec. Situated in the heart of the famous Abitibi Greenstone Belt and along the prolific "Cadillac Trend".


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Mining Method

Open pit & underground operation.


Mineral Resource

The average grades for resources currently are 2 g/t for open pit and 4 g/t for underground. Planned to build a mill producing 80,000 to 100,000 oz Au per year.55.56 g/t native gold from a 1,220 Kg grab sample from Vein No. 1.


Type

Category

Tonnes

Au (g/t)

Gold Ounces

In Pit

Measured1

3,756,000

1.89

228,000

Indicated

1,357,000

2.55

111,000

Measured+Indicated

5,113,000

2.06

339,000

Inferred

34,000

11.29

12,000

Underground

Measured

37,000

4.22

5,000

Indicated

807,000

4.02

104,000

Measured+Indicated

844,000

4.03

109,000

Inferred

1,244,000

6.33

253,000

*Cut-off grades are based on a gold price of US$1,600 per ounce, a foreign exchange rate of US$0.76 for CA$1, a gold recovery of 93%

*Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell

*Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes


Exploration Status

ü  Permits in place to open-pit mine 550 t/day (“Rolling Start”).

ü  NI 43-101 filed on March 15, 2021.

ü  Numerous targets identified via magnetic survey and where past drilling intersected high-grade gold zones.

ü  Targeting 2.5 to 3 million ounces with current 120,000-metre drill program – building on the existing 120,000 metres drilled.

ü  80% of potential 5.5 km east-west strike length remains unexplored.


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Investment Highlights

ü  94.9% recoveryof gold by Gravity Separation with Cyanide Extraction.

ü  High grade open pit & underground resources. Simple metallurgy. The highest grade intercepts at depth can be 107.8 g/t Au over 4 m.

ü  Rare Earth discovered at the property in March, 2021.

ü  Well established infrastructure, proximity to 10 gold mills.

ü  Experienced management teamin metallurgy, milling, geology, exploration and mining.

 

Capital Structure

Recent Share Price

$ 0.155

Market Cap

$ 17,125,647

Shares Outstanding

110,488,041

*3% net smelter royalty (NSR) to be paid as gold or cash dividend to   shareholders after Granada production begins

*1% NSR Granada   holds on properties owned by Canada Cobalt Works to be paid out as cash   dividends to GGM shareholders

 

Company Requirement: Seek for investors in China.

Contact Information: Platform

Attachment Download: Company Presentation and Reports

Company Website: https://granadagoldmine.com/


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