FULL DISCLOSURE: This is sponsored content for Granada Gold Mine Inc..
Granada Gold Mine (TSXV: GGM) has delivered a substantial upgrade to its flagship Granada Gold Project, boosting measured and indicated ounces by 64% and inferred ounces by 90% in an updated mineral resource estimate.
The 2026 estimate reworks the block model behind the company’s 2022 figures, applying stronger gold prices, revised cut-off grades and updated processing assumptions.
The resource estimate breaks down as follows:
- Measured: 372,900 ounces of gold (6,634,000 tonnes at 1.75 g/t)
- Indicated: 517,700 ounces of gold (9,348,000 tonnes at 1.72 g/t)
- Inferred: 865,500 ounces of gold (20,096,000 tonnes at 1.34 g/t)
The gains reflect the much higher gold price environment, which supports lower economic cut-off grades of 0.25 g/t in-pit and 1.4 g/t underground, down from 0.55 g/t and 2.5 g/t in 2022. At those thresholds, material that previously sat outside the economics now contributes to a markedly larger resource.
The upgrade was achieved while reporting only a fraction of the project’s potential. Resources have been outlined over roughly 2 kilometres of an estimated 5.5-kilometre mineralized structure, the deposit remains open along strike and at depth, and about 80% of the property is still to be explored.
“This update re-evaluates the Granada deposit at current prices and reflects the work we have done to refine the geological model,” said President and Chief Executive Officer Frank J. Basa. “The deposit remains open along strike and at depth, and roughly 80 percent of the property is still to be explored.”
Granada is also well positioned on the path to production. The company holds a Quebec certificate of authorization permitting 550 tonnes per day under a phased “Rolling Start” bulk-sample approach. Ore-sorting work completed in April returned a 2.7-times grade uplift at 88% recovery, rejecting about two-thirds of material before milling and pointing to a leaner processing profile.
The company is further advancing an authorization modification to add on-site gravity concentration, giving it the option to process its own ore rather than rely solely on toll milling.
Granada Gold last traded at $0.035 on the TSX Venture.
FULL DISCLOSURE: Granada Gold Mine Inc. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Granada Gold Mine Inc.. The author has been compensated to cover Granada Gold Mine Inc. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
