ROUYN NORANDA, QC, April 20, 2021 /CNW/ - Granada Gold Mine
Inc. (TSXV: GGM) ("Granada Gold" or the "Company") announces that
the 2021 Annual General Meeting was held today, Tuesday, April 20, 2021 and is pleased to report
that all resolutions were approved with over 99.34% voting in
favour in all categories. Resolutions passed are listed
below.
- The following individuals were re-elected Directors of the
Company: Frank J. Basa, Jacques Monette, Dianne
Tookenay and Robert
Setter.
- McGovern, Hurley, Cunningham, Chartered Accountants, were
re-appointed as Company auditors.
- Adoption of the Company's 10% rolling share option plan was
ratified and approved.
The Board of Directors appointed the following officers of the
Company for the ensuing year:
Frank J.
Basa:
|
President &
CEO
|
Ryan Webster
:
|
Chief Financial
Officer
|
Tina
Whyte:
|
Corporate
Secretary
|
Frank J. Basa, Jacques F. Monette and Robert Setter were re-appointed as members of
the Audit Committee for the upcoming year.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold
Property near Rouyn-Noranda,
Quebec. Approximately 120,000 meters of drilling has been
completed to date on the property, focused mainly on the extended
LONG Bars zone which trends 2 kilometers east-west over a potential
5.5 kilometers of mineralized structure. The highly prolific
Cadillac Break, the source of more than 75 million plus ounces of
gold production in the past century, cuts through the north part of
the Granada property, but is not
necessarily indicative of mineralization hosted on the company's
property.
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 two shafts and two 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 5
to 3.5 grams per tonne gold.
The Company is in possession of all mining permits required to
commence the initial mining phase, known as the "Rolling Start",
which allows the company to mine up to 550 tonnes per day.
Additional information is available at www.granadagoldmine.com.
"Frank J. Basa"
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Granada Gold Mine Inc.