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    GGM   CA38503H2037

GRANADA GOLD MINE INC.

(GGM)
Delayed Bourse de Toronto  -  05/27 03:37:41 pm EDT
0.0400 CAD   -11.11%
05/10Granada Gold Mine Inc. Provides A Gold Assay of 4.33 Grams Per Tonne on Its 500-Tonne Bulk Sample Taken from Surface in 2020
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05/10Granada Gold Assays 4.33 G/T Gold from 500-Tonne Surface Bulk Sample
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04/01Granada Gold Mine Inc. Announces Management Changes
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Canada Silver Cobalt Works Inc. Has a Strategic Investment in Granada Gold Mine Inc.

01/17/2022 | 10:09am EDT

Rouyn Noranda - Granada Gold Mine Inc. (TSXV: GGM) (the 'Company' or 'Granada') announces that Canada Silver Cobalt Works Inc. (TSXV: CCW) owns 11,454,000 shares of the Company equal to 8.34% of the issued and outstanding share capital.

The shares were acquired through private placements and on the open market. The common shares were acquired by Canada Silver for investment purposes.

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and explore its 100% owned Granada Gold Property near Rouyn-Noranda, Quebec which is adjacent to the prolific Cadillac Break. The Company owns 14.73 square kilometers of land in a combination of mining leases and claims. The company is currently undergoing a large drill program with 30,000m out of 120,000m complete. The drills are currently paused to provide the technical team with the necessary time to evaluate and assimilate existing data.

The Granada Shear Zone and the South Shear Zone contain, based on historical detailed mapping as well as from current and historical drilling, up to twenty-two mineralized structures trending east-west over five and a half kilometers. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were 8 to 10 grams per tonne gold from two shafts down to 236 m and 498 m with open pit grades from 3.5 to 5 grams per tonne gold.

Mineral Resource Estimate

On March 15, 2021 the Company released an updated NI 43-101 resource estimate for the Granada Gold project with a combined total of 713,000 gold ounces of measured, indicated, and inferred. This estimate contains 351,000 gold ounces of combined measured, indicated, and inferred for the open pit and 362,000 gold ounces of combined measured, indicated, and inferred for the underground.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CANADA SILVER COBALT WORKS INC. 0.00% 0.165 Delayed Quote.0.00%
GRANADA GOLD MINE INC. -11.11% 0.04 Delayed Quote.0.00%
All news about GRANADA GOLD MINE INC.
05/10Granada Gold Mine Inc. Provides A Gold Assay of 4.33 Grams Per Tonne on Its 500-Tonne B..
CI
05/10Granada Gold Assays 4.33 G/T Gold from 500-Tonne Surface Bulk Sample
AQ
04/01Granada Gold Mine Inc. Announces Management Changes
CI
04/01Granada Gold Announces Appointment of New CFO
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04/01Granada Gold Mine Closes $723,200 Private Placement
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04/01Granada Gold Mine Inc. announced that it has received CAD 0.7232 million in funding
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03/30Granada Gold Mine Extends Warrant Terms
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02/28Granada Gold Mine Inc. Reports Earnings Results for the Second Quarter and Six Months E..
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02/01Granada Gold Mine Releases 2022 Outlook and 2021 Summary
AQ
01/17Canada Silver Cobalt Works Inc. Has a Strategic Investment in Granada Gold Mine Inc.
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Financials
Sales 2021 - - -
Net income 2021 -3,63 M -2,85 M -2,85 M
Net cash 2021 0,06 M 0,05 M 0,05 M
P/E ratio 2021 -4,44x
Yield 2021 -
Capitalization 6,02 M 4,72 M 4,72 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 98,3%
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Managers and Directors
Frank J. Basa Chairman, President & Chief Executive Officer
Remantra Sheopaul Chief Financial Officer
Jacques F. Monette Independent Director
Robert Setter Independent Director
Dianne Tookenay Director
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