GRANADA GOLD (TSX.V: GGM) INTERSECTS 12.61 G/T GOLD OVER 16.5 METERS AND 3.49 G/T GOLD OVER 30.5 METERS WITHIN A GREATER 1.33 G/T GOLD OVER 273.75 METERS DRILL HOLE FROM SURFACE.
The company is pleased to announce that the 200-series drill Hole GR-21-05, drilled at 330 meters west from the 100-series drill Hole GR-19-A, intersected significant gold mineralization grading 11.45 g/t gold over 33 meters (Press Release January 9th, 2020).
- Gold at 1.33 g/t over core length of 273.75 meters from 4.5 meters to 278.25 meters from surface
- Gold at 12.61 g/t over core length of 16.5 meters from 37.5 meters to 54.0 meters from surface
- Gold at 3.49 g/t over core length of 30.50 meters from 79.0 meters to 109.5 meters from surface
The 200- and 100-series drill holes are drilled down dip to maximize the intersection of native gold in the mineralized veins. The 43-101 reports indicates that 50 percent of the gold in the resource is in the massive, native, or visible form (SGS May 2012 Technical Report, effective date April 2, 2012).
Table1: Details of the first highlight interval at 12.61 g/t Gold uncut
Table2: Details of the second highlight interval at 3.49 g/t Gold uncut
This GR-21-05 hole crossed a zone previously intersected perpendicular to the vein in hole GR-09-02 which assayed 3.95 g/t gold over 8.8 meters true thickness from 39.2 meters to 48.0 meters downhole.
Frank J. Basa, P.Eng., President and CEO commented that, “The 200- and 100-series drill holes better represent the grade of the mineralization in the veins by increasing the probability of intersecting massive native gold drilling down dip versus drilling perpendicularly which best defines the vein structure position.”