This work, according to Granada, should enable extraction and sampling of the mineralized structures which links to the structure on the mining lease BM 852, where a previous bulk sample was taken 250 metres to the east and returned a grade 4.33 g/t gold. The company is targeting 500,000 oz. of pit-constrained resource (presently 425,000 oz. of gold measured and indicated) with an average open pit grade of 2 g/t gold.
The just-completed stripping of the area is now free of overburden. The final cleaning of the surface with a smaller excavator is also now completed. A geological team has been mobilized to conduct detailed surface mapping and identify the area for bulk sample.
“The company is working on multiple fronts to enable development of the Granada gold mine, which was a former high-grade underground and open pit mine operation. Historically, the property has had two operating mills on the property and we may consider the…
