Granada Gold Mine Achieves 2.7x Gold Grade Uplift with Ore Sorting, Redefining Project Economics
Summary
Granada Gold Mine Inc. announced highly positive results from an independent ore-sorting test program, demonstrating a 2.7x gold-grade uplift on open-pit mineralization. The process upgraded a 2.93 g/t feed to 7.87 g/t with an 88% gold recovery, while rejecting 67.8% of the material as waste before milling. This significant improvement in processing efficiency is expected to materially enhance project economics by reducing capital intensity, operating costs, and potentially expanding economic resources. The company plans to incorporate these results into an updated NI 43-101 technical report and advance project financing, which could be a transformative development for this micro-cap miner.
At the time of this announcement, GBBFF was trading at $0.04 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $8.5M. The 52-week trading range was $0.01 to $0.09. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: The newswire.ca.