Newlox Gold Identifies Significant Brazilian Opportunities
Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (C NSX : LUX ) ( Frankfurt/Stuttgart: NGO ) (OTC : NWLXF ) is pleased to provide further information related to the Company’s entrance into the Brazilian gold scene. Newlox Gold intends to develop ESG-focused (environmental, social, and corporate governance) precious metals projects in Brazil through partnerships with local artisanal mining groups.
As previously announced ( 16 June 2021 ), Newlox Gold has begun working in partnership with NAP.Mineração/USP , the centre for small-scale responsible mining at the University of São Paulo, Brazil. The centre supports the dissemination of responsible mining practices to artisanal and small-scale mining operations through applied research, training, and education. NAP.Mineração/USP’s actions are oriented to foster responsible and integrated management of mineral exploration, mine development, mining, rehabilitation, governance and sustainable development within the artisanal mining sector.
With the support of NAP.Mineração/USP, the Company has identified three promising areas suitable for deploying Newlox Gold’s ESG-focused precious metals processing plants. These projects offer very significant opportunities to the Company and represent the backbone of an ambitious expansion program envisioned by management. The Company has now deployed personnel on the ground to undertake in-field due diligence of these projects and is interpreting data from sampling and geological work.
The first area is located in the state of Mato Grosso in the Amazon region, where Dr. De Tomi and NAP.Mineração/USP are conducting a World Bank sponsored project to improve the economic, social, and environmental conditions of artisanal miners and other stakeholders. The established cooperative operating in this area has more than 5,900 members, with 133 mining claims maintaining 300 active mining faces. Gold production in this district in 2020 was estimated to be over 4.8 tons.
Newlox Gold intends to complete its due diligence on these projects over the coming months with the intention of breaking ground on its first Brazilian processing facility (The Company’s 3 rd plant) in the winter of 2021/2022. Management looks forward to providing updates during the due diligence, planning, and construction phases as it executes its Latin American growth strategy.
A Message from Ryan Jackson, President & CEO:
“We are excited to see Newlox Gold begin its ambitious expansion in Brazil, which will be a significant milestone in the Company’s growth strategy. The Brazilian mining industry is several orders of magnitude larger than what is found in Costa Rica, with over 250,000 known artisanal miners operating in the Amazonia region alone.
This first project in Brazil will be Newlox’s third such unit in its Latin American growth program geared toward increasing productivity while delivering social and environmental benefits to local stakeholders.”
Join Ryan Jackson for the Newlox Gold Brazil Expansion Overview Presentation on Zoom
1:45 pm Pacific Time (4:45 pm Eastern Time) on Tuesday the 13 th of July
- Published in Mining, Newlox Gold, News Home
Canada Silver Cobalt Begins Testwork Using Re-2Ox on Granada Gold Mine Rubidium Mineralized Material for the Storage Battery Market
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (“Canada Silver Cobalt”) and Granada Gold Mines Inc. (“Granada” or “Granada Gold”) (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) are pleased to jointly announce that Canada Silver Cobalt has begun preliminary test work at SGS, Lakefield, Canada on mineralized material from the Granada Gold Mine in Rouyn-Noranda, Quebec.
The planned test work was announced earlier this year (March 30, 2021 joint news release) after Granada Gold announced the unexpected discovery of a rare earth and alkali metals deposit at the Granada property in Quebec during exploration for gold.
Rubidium, one of the discovered alkali metals, showed particularly high assays and potential value based on quoted market prices (March 23 and May 12, 2021 Granada news releases) and therefore is an important part of the focus of the Re-2Ox test work.
Rubidium has numerous applications in various industries (see below), including in sodium-ion batteries which may see significant growth ahead due to their reported cost-effectiveness as stationary energy storage for homes, the grid and data centres.
Frank J. Basa, P.Eng., CEO, commented: “Granada currently expects that rubidium will be treated as a zero-cost, by-product alkali metal recovery from Granada’s gold mineralized resource. The preliminary test program will evaluate the potential recovery of rubidium mineralization and the subsequent amenability of the Re-2Ox process for the leaching and production of rubidium salts. Granada Gold intends to review the viability of suppling rubidium salts as a by-product of gold processing for evaluation into the new fast-evolving sodium-ion storage battery market.”
Planned Re-2Ox testing
A 10-kilogram drill core sample was sent to SGS, Lakefield for mineralogical studies to identify the minerals associated with rubidium. The studies indicated so far that rubidium is likely in the micas and/or K-feldspars. Analytical results returned a grade of 1,238.5 ppm for rubidium. Distinct rubidium minerals do not commonly occur in nature and are almost always associated with feldspars and micas.
The test program at SGS will be undertaken in two stages. The first stage will consist of straight forward flotation followed by leaching using the Re-2Ox process. The second stage is straight leaching using the Re-2Ox process. The test program was developed to target rubidium in the mineralized zones.
Rubidium at Granada
The Rubidium mineralized material at Granada has been found to be on top on the gold-bearing mineralized material that the company is targeting as a gold mineral resource and for mining. Drill hole GR-20-22 was drilled to a depth of 1,626 meters on the Big Claim 1.6 kilometers west on strike from the discovery drill hole GR-20-20 which was drilled to depth of 588 meters. Drill hole GR-20-22 intercepted 21 distinct mineralized zones ranging in core length from 177 meters to 2.8 meters. Rare earths and alkali metals of note identified to date are caesium (Cs), rubidium (Rb), scandium (Sc), zirconium (Zr), cerium (Ce), gallium (Ga), hafnium (Hf), neodymium (Nd) and strontium (Sr) — others pending. While still to be determined, the company may be in the position of mining the rare earth and alkali mineralized zones to access the gold-bearing mineralized material. The entire size of the rare earth and alkali metals deposit has not yet been determined.
Rubidium in Sodium-Ion Batteries
Rubidium salts have been commonly used as an electrolyte to improve the efficiency cycle of sodium-ion batteries. In recent years, it has been implemented into a larger scale for further technological advances to improve the performance rate and better cyclability in the batteries. Sodium-ion batteries have demonstrated about half the energy density of lithium-ion batteries and have applications as stationary storage like renewable energy for homes and the grid or backup power for data centers, where cost is more important than size and energy density. Currently available information places the cost of sodium-ion batteries to be about 10–20 percent less than lithium-ion batteries.
Sodium-ion batteries use abundant, cheap, and benign materials. In the Earth’s crust there is over one-thousand times more sodium than lithium. It also costs less to extract and purify. Sodium metal oxide cathodes are typically used in batteries and the anodes are carbon just like lithium-ion batteries but can be made from plentiful metals such as iron and manganese. The Department of Energy’s Advanced Research Projects Agency–Energy in September 2020 awarded Santa Clara, California-based Natron Energy $19.9 million US dollars as part of a new program to fast-track technologies, with the goal of advancing their commercialization efforts. The batteries are now in low-volume commercial production. Natron’s first customers are data centers and telecom companies. Sodium-ion batteries are also more stable and safer than lithium-ion. They have a wider temperature range, are nonflammable, and do not have thermal runaway.
Additional Applications of Rubidium in Industry
Applications for rubidium and its compounds include biomedical research, electronics, specialty glass, and pyrotechnics. Specialty glasses are the leading market for rubidium; rubidium carbonate is used to reduce electrical conductivity, which improves stability and durability in fiber optic telecommunications networks. Biomedical applications include rubidium salts used in antishock agents and the treatment of epilepsy and thyroid disorder; rubidium-82, a radioactive isotope used as a blood-flow tracer in positron emission tomographic imaging; and rubidium chloride, used as an antidepressant. Rubidium atoms are used in academic research, including the development of quantum-mechanics-based computing devices, a future application with potential for relatively high consumption of rubidium. Quantum computing research uses ultracold rubidium atoms in a variety of applications. Quantum computers, which have the ability to perform more complex computational tasks than traditional computers by calculating in two quantum states simultaneously, were expected to be in prototype phase by 2025. Rubidium’s photo-emissive properties make it useful for electrical-signal generators in motion-sensor devices, night vision devices, photoelectric cells (solar panels), and photomultiplier tubes. Rubidium is used as an atomic resonance-frequency-reference oscillator for telecommunications network synchronization, playing a vital role in global positioning systems. Rubidium-rich feldspars are used in ceramic applications for spark plugs and electrical insulators because of their high dielectric constant. Rubidium hydroxide is used in fireworks to oxidize mixtures of other elements and produce violet hues (Source USGS).
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., CEO of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.
About Canada Silver Cobalt Works Inc.
The Castle Property is 15 km east of Aris Gold Corp’s Juby gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.
Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp in May 2020. A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters were identified. The discovery remains open in all directions (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020) Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020).
Canada Silver Cobalt’s flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com
“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer
- Published in Canada Cobalt Works, Mining, News Home
Granada Gold Mine Announces that Canada Silver Cobalt Begins Testwork Using Re-2Ox on Granada’s Rubidium Mineralized Material for the Storage Battery Market
Granada Gold Mines Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (“Granada” or “Granada Gold”) and Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (“Canada Silver Cobalt”) are pleased to jointly announce that Canada Silver Cobalt has begun preliminary test work at SGS, Lakefield, Canada on mineralized material from the Granada Gold Mine in Rouyn-Noranda, Quebec.
The planned test work was announced earlier this year (March 30, 2021 joint news release) after Granada Gold announced the unexpected discovery of a rare earth and alkali metals deposit at the Granada property in Quebec during exploration for gold.
Rubidium, one of the discovered alkali metals, showed particularly high assays and potential value based on quoted market prices (March 23 and May 12, 2021 Granada news releases) and therefore is an important part of the focus of the Re-2Ox test work.
Rubidium has numerous applications in various industries (see below), including in sodium-ion batteries which may see significant growth ahead due to their reported cost-effectiveness as stationary energy storage for homes, the grid and data centres.
Frank J. Basa, P.Eng., CEO, commented: “Granada currently expects that rubidium will be treated as a zero-cost, by-product alkali metal recovery from Granada’s gold mineralized resource. The preliminary test program will evaluate the potential recovery of rubidium mineralization and the subsequent amenability of the Re-2Ox process for the leaching and production of rubidium salts. Granada Gold intends to review the viability of suppling rubidium salts as a by-product of gold processing for evaluation into the new fast-evolving sodium-ion storage battery market.”
Planned Re-2Ox testing
A 10-kilogram drill core sample was sent to SGS, Lakefield for mineralogical studies to identify the minerals associated with rubidium. The studies indicated so far that rubidium is likely in the micas and/or K-feldspars. Analytical results returned a grade of 1,238.5 ppm for rubidium. Distinct rubidium minerals do not commonly occur in nature and are almost always associated with feldspars and micas.
The test program at SGS will be undertaken in two stages. The first stage will consist of straight forward flotation followed by leaching using the Re-2Ox process. The second stage is straight leaching using the Re-2Ox process. The test program was developed to target rubidium in the mineralized zones.
Rubidium at Granada
The Rubidium mineralized material at Granada has been found to be on top on the gold-bearing mineralized material that the company is targeting as a gold mineral resource and for mining. Drill hole GR-20-22 was drilled to a depth of 1,626 meters on the Big Claim 1.6 kilometers west on strike from the discovery drill hole GR-20-20 which was drilled to depth of 588 meters. Drill hole GR-20-22 intercepted 21 distinct mineralized zones ranging in core length from 177 meters to 2.8 meters. Rare earths and alkali metals of note identified to date are caesium (Cs), rubidium (Rb), scandium (Sc), zirconium (Zr), cerium (Ce), gallium (Ga), hafnium (Hf), neodymium (Nd) and strontium (Sr) — others pending. While still to be determined, the company may be in the position of mining the rare earth and alkali mineralized zones to access the gold-bearing mineralized material. The entire size of the rare earth and alkali metals deposit has not yet been determined.
Rubidium in Sodium-Ion Batteries
Rubidium salts have been commonly used as an electrolyte to improve the efficiency cycle of sodium-ion batteries. In recent years, it has been implemented into a larger scale for further technological advances to improve the performance rate and better cyclability in the batteries. Sodium-ion batteries have demonstrated about half the energy density of lithium-ion batteries and have applications as stationary storage like renewable energy for homes and the grid or backup power for data centers, where cost is more important than size and energy density. Currently available information places the cost of sodium-ion batteries to be about 10–20 percent less than lithium-ion batteries.
Sodium-ion batteries use abundant, cheap, and benign materials. In the Earth’s crust there is over one-thousand times more sodium than lithium. It also costs less to extract and purify. Sodium metal oxide cathodes are typically used in batteries and the anodes are carbon just like lithium-ion batteries but can be made from plentiful metals such as iron and manganese. The Department of Energy’s Advanced Research Projects Agency–Energy in September 2020 awarded Santa Clara, California-based Natron Energy $19.9 million US dollars as part of a new program to fast-track technologies, with the goal of advancing their commercialization efforts. The batteries are now in low-volume commercial production. Natron’s first customers are data centers and telecom companies. Sodium-ion batteries are also more stable and safer than lithium-ion. They have a wider temperature range, are nonflammable, and do not have thermal runaway.
Additional Applications of Rubidium in Industry
Applications for rubidium and its compounds include biomedical research, electronics, specialty glass, and pyrotechnics. Specialty glasses are the leading market for rubidium; rubidium carbonate is used to reduce electrical conductivity, which improves stability and durability in fiber optic telecommunications networks. Biomedical applications include rubidium salts used in antishock agents and the treatment of epilepsy and thyroid disorder; rubidium-82, a radioactive isotope used as a blood-flow tracer in positron emission tomographic imaging; and rubidium chloride, used as an antidepressant. Rubidium atoms are used in academic research, including the development of quantum-mechanics-based computing devices, a future application with potential for relatively high consumption of rubidium. Quantum computing research uses ultracold rubidium atoms in a variety of applications. Quantum computers, which have the ability to perform more complex computational tasks than traditional computers by calculating in two quantum states simultaneously, were expected to be in prototype phase by 2025. Rubidium’s photo-emissive properties make it useful for electrical-signal generators in motion-sensor devices, night vision devices, photoelectric cells (solar panels), and photomultiplier tubes. Rubidium is used as an atomic resonance-frequency-reference oscillator for telecommunications network synchronization, playing a vital role in global positioning systems. Rubidium-rich feldspars are used in ceramic applications for spark plugs and electrical insulators because of their high dielectric constant. Rubidium hydroxide is used in fireworks to oxidize mixtures of other elements and produce violet hues. (Source: USGS).
Qualified Person
The technical information in this news release was prepared under the supervision of Mr. Frank J. Basa, P.Eng., CEO of Granada Gold Mine Inc., a qualified person in accordance with National Instrument 43-101.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold Property near Rouyn-Noranda, Quebec. Approximately 140,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property, but is not necessarily indicative of mineralization hosted on the company’s property.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.
Updated Mineral Resource
The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release. The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion
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 |
1. | 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% |
2. | Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell |
3. | Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes |
The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.
“Frank J. Basa”
Frank J. Basa P. Eng.
President and Chief Executive Officer
- Published in Granada Gold Mine, Mining, News Home
Newlox Gold Appoints Prof. Giorgio de Tomi to Lead Brazil Initiative
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Vancouver, BC – TheNewswire – 24 June 2021 – Newlox Gold Ventures Corp. (“Newlox” or the “Company”) (CSE: LUX ) ( Frankfurt/Stuttgart: NGO ) | PINK (OTC : NWLXF ) (CNSX:LUX.CN) welcomes Professor Giorgio de Tomi, Ph.D., CEng, FIMMM to the Newlox Gold team. Professor de Tomi will head up Newlox’s Brazilian division to undertake market research and development, including the assessment of projects for Newlox Gold.
Newlox announced on June 16 th , 2021 , that the Company had entered the Brazilian market to develop future ESG-focused precious metals projects in partnership with local artisanal mining groups. This continues Newlox Gold’s growth through an ESG-centered partner mining model to provide environmental and social benefits to all stakeholders while supporting economic development in traditional artisanal mining communities.
Dr. de Tomi has over 30 years of experience in the resource sector and has a degree in mining engineering from the University of Sao Paulo, a Ph.D. from the Imperial College, London, and an MSc from Southern Illinois University, USA. He leads the Centre for Responsible Mining, at the University of São Paulo (USP) in Brazil, as an associate professor and former Head of the Department of Mining and Petroleum Engineering .
Dr. De Tomi is a Fellow of The Institute of Materials, Minerals & Mining (FIMMM, UK), Chartered Engineer CEng (Engineering Council, UK). He is a member of SME (USA) and acts as mining QP and CP for numerous mining enterprises worldwide. Currently, he is a member of the Technical Board of CBBR (Brazilian Commission for Mineral Resources and Reserves), a member of the Executive Board of EMBRAPII’s Unit Tecnogreen, a Research Scholar with FAPESP and CNPq (Brazil) and a member of the Editorial Board of the Mining Technology journal and the Brazil Mineral journal (Please see the link here to Dr. De Tomi’s professional biography: https://bit.ly/3qd93PQ ).
The Company, with the guidance of Dr. De Tomi and the support of NAP.Mineração/USP , has identified two highly prospective areas suitable for the deployment of Newlox Gold’s ESG-focused precious metals processing plants. The projects represent a significant opportunity to the Company and are currently in due diligence.
A Message from Ryan Jackson, President & CEO:
“We are delighted to welcome Professor Giorgio de Tomi to the Newlox team and are looking forward to deploying the Company’s environmentally and socially positive resource development model to Brazil. We are fortunate to have the knowledge and experience of Dr. de Tomi to guide our Brazilian initiative.
The Company has established a close connection with Brazil over many years through its Chief Technical Advisor Dr. Marcello Veiga, who has worked closely with Newlox Gold since 2014 and now heads up the Company’s research and development division . Through our relationship with Dr. Veiga, the Company has been developed a team focused on identifying and assessing expansion opportunities in Latin America, with Brazil at the heart of the endeavour.
We are excited to see Newlox Gold begin its growth program in 2021 and believe that an ambitious expansion in Brazil will be a significant milestone in the Company’s growth strategy. The Brazilian mining industry is several orders of magnitude larger than what is found in Costa Rica, with over 250,000 known artisanal miners operating in the Amazonia region alone.
Dr. De Tomi is currently conducting a World Bank sponsored program in this area to design programs to reduce the social and environmental impact of the artisanal mining sector. Newlox Gold’s partner mining model could play a significant role in the effort.
Newlox Gold has established a beachhead in Brazil through its partnership with Dr. De Tomi and NAP.Mineração/USP. We are eager to initiate the Company’s expansion program beyond Costa Rica and look forward to updating shareholders as we make progress assessing the multiple opportunities available to the Company.”
A Message from Professor Giorgio de Tomi, PhD, CEng, FIMMM:
“It is very encouraging to see Newlox Gold interested in the development of an ASM (artisanal and small scale) mining business in Brazil. Newlox Gold will create partnerships focused on sustainable development that will connect responsible mining with the needs of local communities, generating a framework for economic growth and regional integration.”
- Published in Mining, Newlox Gold, News Home
Granada Gold 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
Granada Gold Mine Inc. (TSXV: GGM) (the “Company” or “Granada”) 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).
Highlights:
- 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).
Table 1: Details of the first highlight interval at 12.61 g/t Gold uncut
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 37.50 | 38.25 | 0.75 | 1.27 |
GR-21-05 | 38.25 | 39.00 | 0.75 | 8.69 |
GR-21-05 | 39.00 | 39.75 | 0.75 | 9.28 |
GR-21-05 | 39.75 | 40.50 | 0.75 | 23.52 |
GR-21-05 | 40.50 | 41.00 | 0.50 | 5.37 |
GR-21-05 | 41.00 | 41.50 | 0.50 | 3.78 |
GR-21-05 | 41.50 | 42.00 | 0.50 | 5.82 |
GR-21-05 | 42.00 | 42.50 | 0.50 | 6.84 |
GR-21-05 | 42.50 | 43.00 | 0.50 | 9.50 |
GR-21-05 | 43.00 | 43.50 | 0.50 | 62.08 |
GR-21-05 | 43.50 | 44.00 | 0.50 | 11.39 |
GR-21-05 | 44.00 | 44.50 | 0.50 | 16.53 |
GR-21-05 | 44.50 | 45.00 | 0.50 | 23.64 |
GR-21-05 | 45.00 | 45.50 | 0.50 | 3.84 |
GR-21-05 | 45.50 | 46.00 | 0.50 | 1.02 |
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 46.00 | 46.50 | 0.50 | 5.26 |
GR-21-05 | 46.50 | 47.00 | 0.50 | 31.26 |
GR-21-05 | 47.00 | 47.50 | 0.50 | 19.69 |
GR-21-05 | 47.50 | 48.00 | 0.50 | 1.06 |
GR-21-05 | 48.00 | 48.50 | 0.50 | 0.08 |
GR-21-05 | 48.50 | 49.00 | 0.50 | 0.14 |
GR-21-05 | 49.00 | 49.50 | 0.50 | 2.32 |
GR-21-05 | 49.50 | 50.00 | 0.50 | 16.55 |
GR-21-05 | 50.00 | 50.50 | 0.50 | 15.21 |
GR-21-05 | 50.50 | 51.00 | 0.50 | 9.56 |
GR-21-05 | 51.00 | 51.50 | 0.50 | 27.86 |
GR-21-05 | 51.50 | 52.00 | 0.50 | 13.55 |
GR-21-05 | 52.00 | 52.50 | 0.50 | 14.71 |
GR-21-05 | 52.50 | 53.00 | 0.50 | 7.83 |
GR-21-05 | 53.00 | 53.50 | 0.50 | 23.40 |
GR-21-05 | 53.50 | 54.00 | 0.50 | 13.55 |
Table 2: Details of the second highlight interval at 3.49 g/t Gold uncut
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 79.00 | 80.00 | 1.00 | 3.87 |
GR-21-05 | 80.00 | 81.00 | 1.00 | 0.91 |
GR-21-05 | 81.00 | 81.75 | 0.75 | 6.40 |
GR-21-05 | 81.75 | 82.50 | 0.75 | 2.31 |
GR-21-05 | 82.50 | 83.50 | 1.00 | 1.86 |
GR-21-05 | 83.50 | 84.40 | 0.90 | 8.56 |
GR-21-05 | 84.40 | 85.10 | 0.70 | 1.26 |
GR-21-05 | 85.10 | 85.80 | 0.70 | 0.63 |
GR-21-05 | 85.80 | 86.60 | 0.80 | 2.09 |
GR-21-05 | 86.60 | 87.50 | 0.90 | 1.95 |
GR-21-05 | 87.50 | 88.50 | 1.00 | 5.30 |
GR-21-05 | 88.50 | 89.50 | 1.00 | 4.48 |
GR-21-05 | 89.50 | 90.50 | 1.00 | 5.99 |
GR-21-05 | 90.50 | 91.50 | 1.00 | 1.55 |
GR-21-05 | 91.50 | 92.50 | 1.00 | 0.04 |
GR-21-05 | 92.50 | 93.50 | 1.00 | 0.36 |
GR-21-05 | 93.50 | 94.55 | 1.05 | 0.16 |
GR-21-05 | 94.55 | 95.50 | 0.95 | 0.09 |
GR-21-05 | 95.50 | 96.50 | 1.00 | 0.16 |
GR-21-05 | 96.50 | 97.50 | 1.00 | 0.29 |
GR-21-05 | 97.50 | 98.50 | 1.00 | 3.51 |
GR-21-05 | 98.50 | 99.50 | 1.00 | 2.13 |
Hole ID | From (m) | To (m) | Length (m) | Gold (g/t) |
GR-21-05 | 99.50 | 100.50 | 1.00 | 0.39 |
GR-21-05 | 100.50 | 101.50 | 1.00 | 0.60 |
GR-21-05 | 101.50 | 102.25 | 0.75 | 1.90 |
GR-21-05 | 102.25 | 103.00 | 0.75 | 7.40 |
GR-21-05 | 103.00 | 103.75 | 0.75 | 1.21 |
GR-21-05 | 103.75 | 104.30 | 0.55 | 0.31 |
GR-21-05 | 104.30 | 105.00 | 0.70 | 0.36 |
GR-21-05 | 105.00 | 105.55 | 0.55 | 10.57 |
GR-21-05 | 105.55 | 106.25 | 0.70 | 1.54 |
GR-21-05 | 106.25 | 107.00 | 0.75 | 2.31 |
GR-21-05 | 107.00 | 107.75 | 0.75 | 0.68 |
GR-21-05 | 107.75 | 108.50 | 0.75 | 2.75 |
GR-21-05 | 108.50 | 109.00 | 0.50 | 6.09 |
GR-21-05 | 109.00 | 109.50 | 0.50 | 66.54 |
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.
Table 3: Coordinates of the hole
Hole | UTME | UTMN | Elevation | Azimuth | Dip | Length (m) |
GR-21-05 | 646699 | 5338091 | 320 | 15 | -47 | 278.25 |
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.”
Qualified person
The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc. member of Québec Order of Engineers and a qualified person in accordance with National Instrument 43-101 standards.
Quality Control and Reporting Protocols
All NQ core assays reported were obtained by either 1-kilogram screen fire assay or standard 50-gram fire-assaying-AA (Atomic Absorption) finish or gravimetric finish at (i) ALS Laboratories in Val d’Or, Québec, Thunder Bay, Ontario, Sudbury, Ontario or Vancouver, British Columbia. The screen assay method is selected by the geologist when samples contain visible gold. The drill program, Quality Assurance/Quality Control (“QA/QC”) and interpretation of results is performed by qualified persons employing a QA/QC program consistent with NI 43-101 and industry best practices. Standards and blanks are included with every 20 samples for QA/QC purposes for this program in addition to the lab QA/QC.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold Property, including 2 fully permitted Mining Leases (BM-852 and BM-813), near Rouyn-Noranda, Quebec. Approximately 140,000 meters of drilling has been completed to date on the property, focused mainly on the extended LONG Bars zone which trends 2 kilometers east-west over a potential 5.5 kilometers of mineralized structure. The highly prolific Cadillac Break, the source of more than 75 million plus ounces of gold production in the past century, cuts through the north part of the Granada property, but is not necessarily indicative of mineralization hosted on the company’s property.
The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.
Updated Mineral Resource
The updated resource at the Company’s Granada Gold project in Rouyn-Noranda, Quebec was estimated by SGS Canada and outlined in a January 29, 2021 news release. The final report was filed March 15, 2021 with an Effective date of December 15, 2020. The 43-101 Technical Report is titled: Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, géo. Both of SGS Canada Inc.
Updated Mineral Resource Estimate Base Case with Details Between the Open Pit Portion and the Underground Portion
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 |
1. | 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% |
2. | Pit constrained mineral resources are reported at a cut-off grade of 0.9 g/t Au within a conceptual pit shell |
3. | Underground mineral resources are reported at a cut-off grade of 3.0 g/t Au within reasonably mineable volumes |
The Company is in possession of all mining permits required to commence the initial mining phase, known as the “Rolling Start”, which allows the company to mine up to 550 tonnes per day. Additional information is available at www.granadagoldmine.com.
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