The Granada Gold Property, located 5 km south of the historic mining community of Rouyn-Noranda, Quebec, was first acquired by Granada Gold in 2006. Less than a decade later, Granada is on the verge of a planned first stage of production - a high-grade "rolling start".
Granada Gold undertook a surface bulk sample and recovered 40.43 kg (1,304.33 troy oz) of fine gold from the mineralized zone within the No. 2 vein structure. The Company processed the mill feed at the on-site mill at the Granada Gold Mine in Granada, Quebec, during the first and second quarters of 2007. The Company mined 139,471.39 dry metric tonnes, of which 29,948.49 dry metric tonnes were processed as mill feed.
The company’s first-ever drill program at Granada commenced in late 2009 and resulted in an early discovery (hole GR-17) of mineralization in a previously undrilled area more than 500 meters east-northeast of past producing Pit #1.
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