# Archive Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/archive--266d0e1b-b5cd-4ee7-ada2-7f3b427c3b8b Original source: https://www.thenewswire.com/press-releases/1BjjFqmgx-granada-gold-advances-on-site-gravity-concentration-facility-to-upgrade-mineralized-material-grade-and-reduce-off-site-haulage.html Publisher: thenewswire Original announcement: 2026-06-30T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-01T03:47:19.451Z Atlas analysis updated: 2026-10-01T03:47:19.451Z - Company: Granada Gold Mine Inc. - Ticker: GGM - Exchange: TSXV - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Permitting - Extracted: 2026-10-01 03:47:20 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Granada Gold Mine Inc. has advanced the permitting process for a proposed on-site gravity concentration facility at the Granada Gold Project in Quebec. The facility, combined with existing ore sorting technology, aims to upgrade ore grade on-site to reduce haulage costs and environmental footprint. The announcement also references a recently updated Mineral Resource Estimate showing significant growth in gold tonnes and ounces compared to 2022. Reasoning: The company is advancing key infrastructure permitting and a pre-concentration strategy to improve project economics, supported by a recently updated resource. - Positive factor: advancement of environmental permitting for on-site gravity facility - Positive factor: pre-concentration strategy \(ore sorting + gravity\) to reduce CAPEX/OPEX - Positive factor: updated mineral resource estimate showing significant tonnage and metal growth - Negative factor: resource is still largely Inferred - Negative factor: project is in early development stage \(Rolling Start pathway\) Facts used in scoring: 4 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document discusses an updated Mineral Resource Estimate \(MRE\) released on June 23, 2026. Evidence · text > On June 23, 2026, the Company announced an updated Mineral Resource Estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The company intends to incorporate the MRE into a forthcoming NI 43-101 technical report. Evidence · text > The Company intends to incorporate this estimate into a forthcoming NI 43-101 technical report ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/archive--266d0e1b-b5cd-4ee7-ada2-7f3b427c3b8b#fact-resource-facts-0) 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 - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:aad98c591837232ea611 - Deposit or zone: in-pit and underground - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 15982000 - Grade: 1.73 - Grade Unit: g/t - Contained Metal: 890600 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-06-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-23T00:00:00.000Z #### Dates - Event date: 2026-06-30T00:00:00.000Z Reasoning: This is a restatement of the June 23, 2026 update. - Positive factor: significant tonnage and metal growth vs 2022 Evidence · text > Measured and Indicated Mineral Resources of 890,600 ounces of gold \(15,982,000 tonnes at 1.73 g/t Au\) #### 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 **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/archive--266d0e1b-b5cd-4ee7-ada2-7f3b427c3b8b#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 - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:e95e343f7a77c5657b74 - Deposit or zone: in-pit and underground - Resource basis: gross #### Resource Data - Category: inferred - Tonnes: 20096000 - Grade: 1.34 - Grade Unit: g/t - Contained Metal: 865500 - Contained Unit: oz #### Prior Estimate - Resource Date: 2026-06-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-23T00:00:00.000Z #### Dates - Event date: 2026-06-30T00:00:00.000Z Reasoning: Restatement of the June 23, 2026 update; Inferred category carries higher risk. - Positive factor: significant tonnage growth - Negative factor: speculative category Evidence · text > Inferred Mineral Resources of 865,500 ounces of gold \(20,096,000 tonnes at 1.34 g/t Au\) #### 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 **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/archive--266d0e1b-b5cd-4ee7-ada2-7f3b427c3b8b#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 - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:c94579ebe11abff2a0e8 - Deposit or zone: in-pit and underground - Resource basis: gross #### Resource Data - Category: measured - Tonnes: 6634000 - Grade: 1.75 - Grade Unit: g/t - Contained Metal: 372900 - Contained Unit: oz au #### Prior Estimate - Resource Date: 2026-06-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-23T00:00:00.000Z #### Dates - Event date: 2026-06-30T00:00:00.000Z Reasoning: Measured resource component of the June 23 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 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 **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/archive--266d0e1b-b5cd-4ee7-ada2-7f3b427c3b8b#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 - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:f13a5e42131f5a74c1db - Deposit or zone: in-pit and underground - Resource basis: gross #### Resource Data - Category: indicated - Tonnes: 9348000 - Grade: 1.72 - Grade Unit: g/t - Contained Metal: 517700 - Contained Unit: oz au #### Prior Estimate - Resource Date: 2026-06-08 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-06-23T00:00:00.000Z #### Dates - Event date: 2026-06-30T00:00:00.000Z Reasoning: Indicated resource component of the June 23 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 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 **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 **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 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.