# 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 \(20,096,000 Tonnes At 1.34 G/T AU\) Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--646d890c-ba1e-477f-b633-93b2281de5c0 Original source: https://money.tmx.com/en/quote/GGM/news/7627478253382013/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t Publisher: tmx Original announcement: 2026-06-23T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Granada Gold Mine Inc. - Ticker: GGM - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-09-14 02:35:08 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Granada Gold has announced an updated 2026 Mineral Resource Estimate for its Granada Gold Project in Quebec, showing a 64% increase in Measured and Indicated resources to 890,600 oz Au and a 90% increase in Inferred resources to 865,500 oz Au. The growth is largely attributed to the higher gold price environment supporting lower economic cut-off grades. Reasoning: The update shows substantial growth in both tonnage and contained gold ounces across all categories, primarily driven by the higher gold price allowing for lower cut-off grades. - Positive factor: Significant tonnage growth in M&I \(+64%\) and Inferred \(+90%\) - Positive factor: Contained metal growth driven by higher gold price environment - Positive factor: QP/CP sign-off provided by Claude Duplessis, P.Eng. - Positive factor: Cut-off grades lowered to capture more material at current prices - Positive factor: Deposit remains open along strike and at depth - Negative factor: Average grade declined due to lower cut-off grades - Negative factor: Resource is not yet a reserve Facts used in scoring: 5 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: M&I tonnage increased by 64% and Inferred by 90% compared to the 2022 estimate. Evidence · text > 64% increase in Measured and Indicated contained gold and a 90% increase in Inferred contained gold **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Claude Duplessis, P.Eng. of GoldMinds Geoservices Inc. is named as the independent Qualified Person. Evidence · text > prepared by Claude Duplessis, ing. \(P.Eng.\), of GoldMinds Geoservices Inc., an independent Qualified Person **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cut-off grades for in-pit \(0.25 g/t Au\) and underground \(1.4 g/t Au\) are clearly stated. Evidence · text > Pit-constrained resources reported at a 0.25 g/t Au cut-off; underground resources at a 1.4 g/t Au cut-off. **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The project is an update to a 2022 estimate, not a maiden resource. Evidence · text > re-evaluates the independent SGS Canada Inc. block model that supported the Company’s 2022 estimate ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--646d890c-ba1e-477f-b633-93b2281de5c0#fact-resource-facts-0) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:5597d833383e4f57248b - Deposit or zone: Granada Gold Project - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 6634000 - Grade: 1.75 - Grade Unit: g/t - Contained Metal: 372900 - Contained Unit: oz au - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-08 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Measured resource component of the update. Evidence · table > 1.75 Context: 6,634,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--646d890c-ba1e-477f-b633-93b2281de5c0#fact-resource-facts-1) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:7328142a7178b3253266 - Deposit or zone: Granada Gold Project - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 9348000 - Grade: 1.72 - Grade Unit: g/t - Contained Metal: 517700 - Contained Unit: oz au - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-08 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Indicated resource component of the update. Evidence · table > 1.72 Context: 9,348,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--646d890c-ba1e-477f-b633-93b2281de5c0#fact-resource-facts-2) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:0b65f4c2eb2a92f15afb - Deposit or zone: Granada Gold Project - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 20096000 - Grade: 1.34 - Grade Unit: g/t - Contained Metal: 865500 - Contained Unit: oz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-08 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Significant Inferred resource growth. Evidence · table > 1.34 Context: 20,096,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--646d890c-ba1e-477f-b633-93b2281de5c0#fact-resource-facts-3) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:6a4458ada3c56f1b5a4c - Deposit or zone: Granada Gold Project - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 15982000 - Grade: 1.73 - Grade Unit: g/t - Contained Metal: 890600 - Contained Unit: oz - Cutoff Grade: 0.25 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-06-08 #### Lab - Laboratory: SGS Canada Inc. #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Combined M&I resource total. Evidence · table > 1.73 Context: 15,982,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true ### Fact 5 [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--646d890c-ba1e-477f-b633-93b2281de5c0#fact-resource-facts-4) Noranda #### Identity - Project: Noranda - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Resource group id: resource:f6bed4461cbc46f503df #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Explicit resource disclosure recovered from source prose. Evidence · text > As expected, when a deposit is re-evaluated at a materially higher gold price, the average grade of the reported resource is lower than in 2022, because lower-grade material that was previously below the cut-off grades applied in 2022 is captured within the reported resource at the lower cut-off grades applied in 2026. #### Tags used in scoring **Cut-off Lowered** Polarity: negative Definition: Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation. Why it applies: As expected, when a deposit is re-evaluated at a materially higher gold price, the average grade of the reported resource is lower than in 2022, because lower-grade material that was previously below the cut-off grades applied in 2022 is captured within the reported resource at the lower cut-off grades applied in 2026. Evidence · text > As expected, when a deposit is re-evaluated at a materially higher gold price, the average grade of the reported resource is lower than in 2022, because lower-grade material that was previously below the cut-off grades applied in 2022 is captured within the reported resource at the lower cut-off grades applied in 2026. Context: Noranda, Quebec **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.