Resource Estimate Routine +

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’s resource expansion validates price assumptions while capital constraints loom for the project.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 09:00 GGM · 0.035 Granada Gold Mine Inc.

Executive Summary

Granada Gold Mine Inc. released an updated 2026 Mineral Resource Estimate (MRE) for its 100%-owned Granada Gold Project in Quebec.
Measured and Indicated resources increased 64% to 890,600 oz Au (15.98 Mt at 1.73 g/t Au), while Inferred resources rose 90% to 865,500 oz Au (20.10 Mt at 1.34 g/t Au).
The expansion is primarily driven by updated economic parameters, specifically a higher gold price assumption of CA$176/g (~US$4,270/oz) and significantly lower cut-off grades (0.25 g/t for open-pit, 1.4 g/t for underground).
The company highlighted independent ore-sorting results demonstrating a 2.7x gold-grade uplift at 88% recovery, supporting a permitted "Rolling Start" production pathway.
A NI 43-101 technical report supporting the 2026 MRE will be filed within 45 days.

Material Impact

The resource increase is substantial in headline ounces but is largely a function of the elevated gold price assumption and lower cut-off grades, which were explicitly anticipated when the company engaged GoldMinds Geoservices on May 18, 2026.
No new drilling data is cited as the primary driver; the update re-evaluates existing geological models under current market conditions.
The ore-sorting results provide a credible pathway to reduce processing costs and capital intensity, but the resource update itself is a routine follow-up to prior announcements.
The market impact is expected to be muted as the news aligns with previous guidance and does not introduce unexpected geological discoveries or new financing.

GGM · Price

Company Overview

Granada Gold Project is located in Quebec, near Rouyn-Noranda, within the prolific Abitibi Greenstone Belt.
The property is 100% owned and has a history of underground production in the 1930s (~51,400 oz at ~10 g/t Au).
The company holds a Certificate of Authorization for 550 tpd mining via a phased "Rolling Start" bulk-sample pathway.
The deposit sits along a 5.5 km east-west mineralized structure, with only ~20% explored to date, leaving significant exploration upside.
Strategic focus is on low-footprint, low-capital development using ore sorting and gravity concentration to reduce processing costs.

More from Granada Gold Mine Inc.