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. [caption id="attachment_1003717088" align="alignright" width="300"] Both open pit and underground mining may be possible at the past producing Granada gold mine.[/caption] 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.