Granada Gold (TSX.V: GGM) has hit one of the most exciting holes in 2021, located in arguably the best mining jurisdiction – Quebec, Canada. The company has intercepted - 107.8 G/T GOLD OVER 4 METERS INCLUDING MULTIPLE HIGH-GRADE VEINS AT DEPTH.
The current 2021 drill program that is underway is proving to be a major catalyst for Granada Gold shareholders. Making a significant discovery hole, while just scratching the surface with the true underground potential, the Granada Gold Project is looking very attractive.
Per Granada Gold’s (TSX.V: GGM) press release (dated Feb 19/21), the diamond drill results under the pit-constrained mineral resource completed five holes.
- 3.64 grams per tonne gold over 3.45 metres in GR-20-15 from 399.00 to 402.45 m;
- 5.25 g/t gold over 1.5 m in GR-20-17 from 301.50 to 303.00 m;
- 2.47 g/t gold over 3.00 m in GR-20-18 from 510.50 to 513.50 m;
- 13.20 g/t gold over 1.00 m in GR-20-19 from 583.12 to 584.12 m;
- 107.8 g/t gold over 4.00 m in hole GR-20-21 from 617.40 to 621.40 m.
The intersections, many of which are mineralized between previously identified intervals, show extension and continuity of the mineralized structures. Significant high-grade intersections were encountered in the drill holes. In particular, GR-20-21, which intersected 107.8 g/t gold over four metres. It extends the strike to the northeast and is the best drill result of the 2020 exploration drill program. Hole GR-20-21 is being wedged off.
"These drill results continue to exceed expectations and demonstrate the potential of Granada. The exploration efforts have delivered some of our most significant results to date, extending the high-grade strike to the northeast and confirm continuity and high-grade gold mineralization at depth," said Frank J Basa, PEng, president and chief executive officer.
The 2021 exploration program
The 2021 exploration drill program recently started with drilling of wedges and new holes under the higher-grade open-pit-constrained resources to increase the quantity and quality of the mineral resources. The drilling will focus on filling the gaps to allow building of additional mineral resources in addition to the testing of continuity of the structures with the 200-series holes.
With such an impressive high-grade intercept, and a potential 5.5 kilometres mineralized strike length, Granada Gold (TSX.V: GGM) looks to capitalize on a further growing gold market.
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