Granada Gold Mine finds gold with trenching at Aukeko
Wednesday, Jul 11, 2018

Granada Gold Mine has completed its trenching program at Aukeko property, immediately adjacent to its flagship gold property, the Granada Gold Mine, in the province of Quebec, Canada.

The company is very happy to announce its exploration team has completed the third trench, totaling 85 metres in length with an average width of approximately 1.5 metres located 150m to the east and south of the previous 2 trenches reported June 4, 2018. This trench extends the total trenching program to 365 metres. Channel sampling with a rock saw in all 3 trenches have been completed by Technominex of Rouyn-Noranda under the supervision of GoldMinds Geoservices. The distribution of trench samples was affected by the topography of the terrain and the presence of water. A total of 208 trench samples (including blank and standards) have been sent to ALS laboratory in Rouyn-Noranda for analysis by fire assay. Results will be disclosed once received, validated and interpreted.

"Again, we are very excited to expand the exploration of our extended LONG Bars zone on strike going east to test the remainder of the unexplored mineralized structures," stated Frank J. Basa P.Eng., President and Chief Executive Officer of Granada Gold Mine. "These are highly prospective areas for production – our major focus."

About Aukeko

The Aukeko mine saw historical exploration in the late 1930s, when a shaft was sunk to 13 metres and extensive trenching was undertaken on surface. Considerable detailed mapping at that time identified several auriferous structures within a 500-metre wide, east-west trending zone with shearing, alteration, and quartz veining along with numerous porphyry intrusions. Of significance is the "Auk Shear" zone where the Aukeko Shaft was sunk in conjunction with stripping and trenching in the same vicinity. This zone was mapped over a one-kilometre length with an average width of 50 metres. The Auk Shear zone was the location of the Bert Vein where three bulk samples were reported to have been taken in 1938 from a trench approximately 50-to-150 metres east of the Aukeko Shaft that averaged a grade of 7.0 ounces gold per ton (240.0 grams per tonne) (from public files with MERN (Ministère d'Energie et Ressources Naturelles) GM52851).

The Aukeko gold mine is part of the east-west trending structure on the Granada Gold Mine property. It is two kilometres east from the extended LONG Bars zone where over 120,000 metres of drilling has been undertaken to date, including historical drilling from the 1990s. A further 1.9 kilometres east is the Austin-Rouyn Mine. The potential strike length on the property is 5.5 kilometres, beginning at the westernmost drill hole near the historical Granada shafts and extending eastward to the historical Austin Rouyn shaft where grab samples in 1940 showed up to 6.57 ounces of gold per short ton (225.2 grams per tonne). Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.  Note that there are two cross-cutting intrusive dykes of undefined width within that strike length. The potential strike length is conceptual in nature as there has been insufficient exploration to define the full length of the mineralized material and it is uncertain if further exploration will do so.

Note: The Qualified person has verified the data disclosed in the historical literature. The contemplated exploration program announced in this press release is a first technical field work to verify the historical information disclosed in the historical literature. The grades and length are not verified and the program aims at validating these results. Vegetation has grown on these sites since the 1930's and 1950's and no witness core or sample is available.

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