Granada Gold Mine Inc.
GGM.V
Toronto Stock Exchange Ventures0.04
CAD
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Granada Gold Mine Inc.
GGM.V
(Toronto Stock Exchange Ventures)
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0.04
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ROIC.AI
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- Business
- Granada Gold Mine Inc. (TSX-V: GGM) is a Canada-based junior mining and exploration company focused on the acquisition, exploration, and development of mineral properties, primarily gold deposits in the Abitibi Greenstone Belt of Quebec. The company holds 100% interest in the 14.73 square kilometer Granada Gold Property near Rouyn-Noranda, Quebec, adjacent to the prolific Cadillac Break hosting multiple mineralized shear zones including the Granada Shear Zone and South Shear Zone with up to 22 east-west trending structures over 5.5 kilometers; it explores for mesothermal quartz-vein gold hosted in Archean sedimentary rocks and syenite porphyry dykes, supported by an updated NI 43-101 mineral resource estimate of 543,000 ounces indicated (8.22 million tonnes at 2.05 g/t Au) and 456,000 ounces inferred (3.01 million tonnes at 4.71 g/t Au) at pit-constrained and underground cut-offs, with historical production exceeding 50,000 ounces at 10 g/t Au from underground mining in the 1930s and bulk samples averaging 3.5-5.17 g/t Au from open pits in the 1990s; additional potential includes rubidium and rare earth elements in waste rock. Operations target open-pit and underground development plans with plans for an on-site bulk sampling plant to produce saleable native gold and high-grade concentrates, toll milling arrangements with nearby facilities like Beacon Mill, and ore supply to majors such as Agnico Eagle and IAMGOLD; the company also holds silver properties in Quebec and Ontario. Founded in 1985 and headquartered in Rouyn-Noranda, Quebec, Granada advances a fully permitted, shovel-ready project positioned as a takeover target in a tier-one jurisdiction with ongoing 120,000-meter drill program (18,000-20,000 meters completed as of mid-2025, currently paused for data evaluation amid market conditions), innovative gold-backed preferred share financing to minimize dilution, stock option grants of 3,400,000 shares to directors and officers in September 2025 at $0.05 per share, and resource acquisitions signaling expanded exposure on the Cadillac Break.
Granada Gold Advances On-site Gravity Concentration Facility to Upgrade Mineralized Material Grade and Reduce Off-site Haulage
Granada Gold Announces 64% Increase in Measured and Indicated Mineral Resources to 890,600 oz Au (15,982,000 Tonnes at 1.73 g/t Au) and 90% Increase in Inferred Mineral Resources to 865,500 oz Au (20,096,000 Tonnes at 1.34 g/t Au)
Granada Gold Mine Advances On-Site Processing Authorization for Gravity Concentration at Granada Gold Project