# Granada Gold Mine Demonstrates 2.7x Grade Uplift on Open-Pit Mineralization through Ore Sorting at Saskatchewan Research Council Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro--297c2040-46ad-42bc-a29a-74dea6101771 Original source: https://money.tmx.com/en/quote/GGM/news/4519253339787463/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro Publisher: tmx Original announcement: 2026-04-28T13:00:00.000Z 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, Metallurgy - Extracted: 2026-09-14 02:51:59 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Granada Gold Mine reported successful ore-sorting test results from the Saskatchewan Research Council, demonstrating a 2.7x gold grade uplift using XRT technology. The tests showed an upgrade from 2.93 g/t to 7.87 g/t gold with 88% recovery, potentially significantly reducing processing costs and capital intensity. Reasoning: The ore sorting test results demonstrate a massive grade upgrade and significant mass rejection, which fundamentally improves the project's economic profile. - Positive factor: Significant grade uplift \(2.7x\) via ore sorting - Positive factor: High gold recovery \(88%\) with XRT - Positive factor: Substantial waste rejection \(67.8%\) reducing mill throughput - Positive factor: Potential for reduced CAPEX and OPEX Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions a Qualified Person \(Matthew Halliday, P.Geo.\) and refers to an NI 43-101 technical report. Evidence · text > reviewed and approved by Matthew Halliday, P.Geo., Director of Granada Gold Mine Inc., and member of the Ordre des Géologues du Québec, who is a Qualified Person **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource estimate includes a significant Inferred component \(456,000 oz\). Evidence · table > 4.71 Context: 3,010,000 **Single Domain Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro--297c2040-46ad-42bc-a29a-74dea6101771#fact-resource-facts-1) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:3e12305a17c75b762a3c - Deposit or zone: InPit+UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 4900000 - Grade: 1.7 - Grade Unit: g/t - Contained Metal: 269000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a restatement of the 2022 resource estimate. Evidence · table > 1.70 Context: 4,900,000 #### 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 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.8 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro--297c2040-46ad-42bc-a29a-74dea6101771#fact-resource-facts-2) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:1deaed6413f5aea6ceb7 - Deposit or zone: InPit+UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 3320000 - Grade: 2.57 - Grade Unit: g/t - Contained Metal: 274000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a restatement of the 2022 resource estimate. Evidence · table > 2.57 Context: 3,320,000 #### 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 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.8 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro--297c2040-46ad-42bc-a29a-74dea6101771#fact-resource-facts-3) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:685f064d83b3fe5881a0 - Deposit or zone: InPit+UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 8220000 - Grade: 2.05 - Grade Unit: g/t #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a restatement of the 2022 resource estimate. \(Expanded from multi-commodity resource table for completeness.\) Evidence · table > 2.05 Context: 8,220,000 #### 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 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.8 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro--297c2040-46ad-42bc-a29a-74dea6101771#fact-resource-facts-4) Granada Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Resource scope - Estimate type: resource - Effective date: 2022-06-23T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:a4c634632e6a34cac314 - Deposit or zone: InPit+UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 3010000 - Grade: 4.71 - Grade Unit: g/t - Contained Metal: 456000 - Contained Unit: oz #### Prior Estimate - Resource Date: 2022-06-23 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-08-22T00:00:00.000Z #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: This is a restatement of the 2022 resource estimate. Evidence · table > 4.71 Context: 3,010,000 #### 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 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.8 years before this release ## Metallurgical Results (1) ### laser sorting [Link to this fact](https://atlas-extractions.minestarters.com/news/granada-gold-mine-demonstrates-2-7x-grade-uplift-on-open-pit-mineralization-thro--297c2040-46ad-42bc-a29a-74dea6101771#fact-metallurgical-facts-0) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec - Ticker: GGM #### Test Work - Program Status: preliminary - Test Type: laser sorting - Processing Route: laser sorting - Sample: Laser Sorting \(secondary modality\): 500-kilogram sample of open-pit mineralization #### Recovery - Recovery: 41.5 % - Recovery Basis: actual\_test - Head Grade: 1.22 - Head Grade Unit: g/t #### Lab - Laboratory: Saskatchewan Research Council #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: While the grade upgrade is strong, the 41.5% recovery is significantly lower than the XRT results. - Positive factor: Significant grade upgrade - Negative factor: Lower recovery compared to XRT Evidence · text > head gold grade of 1.22 grams per tonne upgraded to 5.13 grams per tonne gold with 41.5 percent gold recovery #### Tags used in scoring **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 41.5% is below the weak band \(80%\) ## 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.