Granada Gold Mine Inc. is pleased to announce, that with the recent increase in the price of gold, the Company is reviewing previous resource calculations from May 16, 2017. The price of gold on May 15, 2017 was 1,260 US dollars per ounce of gold and on April 23, 2025 was 3,324 US dollars per ounce of gold - an increase of 164 percent. This significantly improves the resource potential of the deposit. "The calculated [...]
Granada Gold Mine Inc. is pleased to announce its expanded exploration focus on the Granada East Project. The potential strike length on the property is 5.5 kilometres, including the eastward extension 2.5 kilometres from the Granada Pit 1 to the historical Aukeko Shaft and a further 2 kilometres to the Austin-Rouyn Shaft. The Aukeko Shaft was sunk on the "Auk Shear" zone in conjunction with stripping and trenching which [...]
Granada Gold Mine is pleased to announce that it has signed a non-binding MOU for custom milling of the Granada Gold Mine ore at the Beacon Mill, owned by Lafleur Minerals. Highlights of non-binding Custom Milling MOU: Beacon Mill is fully permitted for 750 tonnes per day. Granada Gold Mine is fully permitted to ship gold ore. Current open-pit and underground 43-101 measured and indicated resource at 543,000 ounces of [...]
Granada Gold Mine announces that the 2025 Annual General Meeting was held today, Thursday March 13, 2025 and is pleased to report that all resolutions proposed to the Shareholders were approved with over 93.87% voting in favour in all categories. The resolutions approved are as follows: 1. The following individuals were re-elected Directors of the Company: Frank J. Basa, Matthew Halliday and Maya Basa. 2. McGovern Hurley [...]
Granada Gold Mine is pleased to showcase recent property transactions on the Cadillac Break. With the recent increase in the price of gold, and the acute shortage of permitted mineable resources on the Cadillac Break located in the Rouyn-Noranda-Val d'Or area, operating gold mining companies have been buying up companies and resources to sustain their "Fill the Mill" operating requirements. Frank J. Basa., President and [...]
Granada Gold Mine is pleased to report that it has engaged the services of Goldminds Geoservices to complete the required revision to its restauration plan at Granada Gold Mine. This revision is required every 5 years to account for changes in any activities on site that may affect the terrain as well as the costs or modifications to proposed activities. "This revision is a requirement to keep the permits at Granada Gold [...]
Granada Gold Mine is pleased to provide an update on the progress of an on-site sampling plant. The potential installation of an on-site sampling plant is to further confirm the near-surface open pit resource from the two 500-tonne bulk samples recently taken which correlates well with historic open pit mining results of 3.5 to 5 grams per tonne gold. The current open pit resource of 2 grams per tonne and was calculated [...]
Granada Gold Mine announces that the Company has closed a Quebec Flow-Through private placement financing raising gross proceeds of $200,000. The Company has issued 5,714,286 QFT shares at a price of $0.035 per QFT share, subject to final TSX Venture Exchange approval. Finder's fees totaling 571,428 shares a deemed price of $0.035 per share and 5,721,428 finder warrants were paid in connection with the financing. Each [...]
Granada Gold Mine announces a non-brokered private placement offering by issuing 5,714,286 Quebec Flow-Through Shares at a price of $0.035 per QFT Share raising gross proceeds $200,000. The private placement is subject to TSXV approval. The proceeds of the QFT private placement will be used for the Company's Granada Gold Property. Finder's fees will be paid in connection the private placement. The finder's fees paid in [...]
Granada Gold Mine Inc. has reviewed a recent updated news release of a mid-tier local gold operator's production costs. It is estimated, that upon completion of the Company's ongoing deep drilling program in 2027, that the potential exists for custom milling with three separate mid-tier gold producers in Quebec along the Cadillac Break in 2027 due to the exhaustion of their resources. Granada Gold Mine's open pit is fully [...]
Granada Gold Mine Inc. has reviewed a recent updated news release of a mid-tier local gold operator's production costs. It is estimated, that upon completion of the Company's ongoing deep drilling program in 2027, that the potential exists for custom milling with three separate mid-tier gold producers in Quebec along the Cadillac Break in 2027 due to the exhaustion of their resources. Granada Gold Mine's open pit is fully [...]
Granada Gold Mine announces a comprehensive deep drill program to the north of the current open pit resource in an area known as the Big Claim to define the extent of gold mineralization within the 2 kilometer east-west strike length of the greater 5.5 kilometer defined mineralized gold structure. Gold mineralization is expected to extend beyond 1600-meter vertical depth based on the last drill program. Drill Program [...]