Granada Gold Mine Inc.

Granada Gold Mine is pleased to announce the development of a high-grade flow sheet for the ore at its Granada property. Leveraging this advancement, the company is currently sourcing the main processing equipment designed to operate at 10 g/t gold or higher, with a targeted capacity of 550 tonnes per day. The plant is of modular design and can be increased in increments of 550 tonnes per day capacity. Historically [...]

Granada Gold Mine is pleased to announce significant progress in its pursuit of open-pit mining with the submission of a renewal for Mining Development Lease BM-813 which is now approved for signing. This renewal, facilitated through the Directorate of Development and Control of Mining Activity part of the Ministry of Natural Resources and Forestry , marks a critical milestone in the Company's journey towards becoming a [...]

Granada Gold Mine Inc. announces that an internal study of Gold Processing Mills within Quebec and Ontario indicates there currently is a shortage of ore for processing in the local gold mills. It is expected that this critical shortage is to persist and that some mills will operate at decreased processing rates. There are currently three mills that are shut down due to lack of ore. The Company will reach out to all mill [...]

Granada Gold Mine announces that it has submitted the documentation with the completed required work program to the Directorate of Development and Control of Mining Activity, Ministry of Natural Resources and Forests. The same renewal application process was used recently to renew mining lease BM852. Mine Development Leases Highlights: • Mining Lease BM813: Granada Gold Mine's renewal application for this [...]

Granada Gold Mine announces the completion of metallurgical and environmental test work at SGS Lakefield. Test Work Highlights: Mineralized gold and silver grades of open-pit bulk sample: Gold 3.0 to 5.5 g/t Silver 0.5 to 1.5 g/t. A total of 50 samples of ten kg each were subjected to the test work. Test work indicated that Granada mineralized material can be co-mingled with owner's mineralized material for processing or [...]

Granada Gold Mine announces that the ongoing metallurgical test work at Temiskaming Testing Labs on the third, 500-tonne surface, bulk sample taken from the high-grade Vein One at the Granada deposit has returned a gravity concentrate of 77.9 grams per tonne gold. Gold Concentrate Highlights: • Concentrating of Gold-Bearing Material: The concentration ratio was in the order of 48 to a final grade of 77.9 grams per [...]

Granada Gold Mine announces that is proposing to amend the terms of 2,727,273 share purchase warrant by amending the exercise price from $0.15 per share to $0.06 per share and extending the term of the warrants by one year so that the Warrants will now expire on Dec 21, 2024. In accordance with the policies of the TSXV, the terms of the Warrants will be further amended to include an accelerated expiry clause such that the [...]

Granada Gold Mine announced that a 500-tonne surface bulk sample, which is the third bulk sample from the high-grade Vein One at the Granada deposit, has returned an average grade of 3.95 grams per tonne gold. All three surface bulk samples taken to-date along strike have returned grades well above the estimated Measured and Indicated Mineral Resource average grade of 2.05 g/t gold in the resource calculation . Bulk [...]

Granada Gold Mine announces that further to its news release dated July 25, 2023, the Company has closed the shares for debt transaction and the Company has issued 2,558,333 common shares at a deemed price of $0.03 per share to certain creditors to settle $76,750 worth of debt owed to the creditors. One of the creditors was a related party as one of the principals is a director and officer of the Company. The related [...]

Granada Gold Mine announces that it intends to reprice an aggregate of 9,135,093 outstanding common share purchase warrants issued by way of private placements that closed on Sept 4, 2020 and Sept 27, 2021. 3,959,521 of the common share purchase warrants were issued in two tranches pursuant to a private placement that closed on Sept 4, 2020. The Warrants have an exercise price of $0.28 and two expiry dates one being [...]