{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Granada Gold Mines (TSXV:GGM) Fully Permitted Takeover on Over 1 Million Gold Oz Potential in Quebec","html":"","width":"100%","height":180,"duration":1752,"description":"Interview with Frank J. Basa, President & CEO of Granada Gold Mine Inc.Our previous interview: https://www.cruxinvestor.com/posts/granada-gold-mine-ggm-exploration-toll-mine-potential-in-abitibi-3261Recording date: 31st October 2024Granada Gold Mines (TSXV:GGM) offers investors a compelling opportunity to gain leveraged exposure to a high-quality gold resource in a top-tier mining jurisdiction. The company's flagship Granada Gold Project in Quebec boasts a robust resource of 1 million ounces (0.5M oz indicated + 0.5M oz inferred) at an average grade of 2 g/t. However, bulk sampling indicates the potential for significantly higher grades of 3-5 g/t in the open pit and 9-10 g/t underground, suggesting the resource may be significantly underestimated.One of Granada's key advantages is its fully permitted, shovel-ready status. With all necessary approvals in hand, the project is significantly de-risked and can be quickly advanced to production. This, combined with its strategic location on the prolific Cadillac Break, home to over 100 million ounces of historical gold production, makes Granada a highly attractive takeover target. CEO Frank Basa explains, \"On the Cadillac Break there's very little rock that's permitted. We're fortunate we have the permits.\" He notes that several major producers in the area, including Agnico Eagle and IAMGOLD, have processing infrastructure with dwindling ore reserves, stating \"All the other mills are looking for feed.\" This puts Granada in an enviable position as a potential near-term source of ore.Exploration upside is another key value driver. To date, only 20% of Granada's 5.5km land package has been explored, leaving ample room for resource expansion. A 120,000m drill program is underway to prove up higher grades and grow the resource, with initial results returning intercepts like 107 g/t gold over 4m. Basa sees similarities to other major discoveries on the Cadillac Break, believing Granada has district-scale potential as...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}