Canadian Mining Journal

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GOLD: Two First Nations ink LOI for Granada exploration



QUEBEC – Granada Gold Mine Inc. of Rouyn-Noranda, QC, has signed a letter of intent with the Temagami First Nation (TFN) and Teme-Augama Anishnabai (TAA) that will allow Granada to evaluate brownfield sites of the TFN/TAA traditional territory.

Both open pit and underground mining may be possible at the past producing Granada gold mine.

The company now plans to  assess the technical, operational and financial feasibility of building a mineral processing plant within an existing brownfield site close to the TFN and TAA communities/

Granada intends to redevelop the former Granada gold property near Rouyn-Noranda. The mine produced almost 51,500 oz of gold in the 1930s from ore with an average grade of 9.6 g/t Au. The company has received all the necessary permits for a rolling start at the project. Drilling continues with the aim of expanding the resources.

Additional information is available at www.GranadaGoldMine.com or call Granada president and CEO, Frank Basa, at 819-797-4144.