# Granada Gold applies for Granada Project drill permits, Quebec Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/granada-gold-applies-for-granada-project-drill-permits-quebec--76829fde-aee2-4bc6-a796-d25f58eb3291 Original source: https://resourceworld.com/granada-gold-applies-for-granada-project-drill-permits-quebec/ Publisher: resourceworld Original announcement: 2026-10-07T12:51:54.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-08T16:16:59.779Z Atlas analysis updated: 2026-10-08T16:16:59.779Z - Company: Granada Gold Mine Inc. - Ticker: GGM - Exchange: Unavailable - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Permitting, Resource update, Other - Extracted: 2026-10-08 16:17:00 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Granada Gold Mine Inc. has applied for drill permits at its 100%-owned Granada Gold Project in Quebec to conduct infill and exploration drilling. The company's 2026 mineral resource estimate reports 890,600 ounces of gold in measured and indicated categories and 865,500 ounces in the inferred category. Reasoning: The company is moving toward renewed drilling activity via permit applications to expand or confirm its existing gold resource. - Positive factor: Permit application for drilling to test extensions - Positive factor: Existing resource delineated over 2km - Positive factor: NI 43-101 technical report supports estimate - Negative factor: Drilling is subject to financing and contractor availability Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The estimate is supported by an amended NI 43-101 technical report. Evidence · text > supported by the amended NI 43-101 technical report dated September 9, 2026 **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, PEng, is named as the independent qualified person. Evidence · text > prepared by independent qualified person Claude Duplessis, PEng ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-applies-for-granada-project-drill-permits-quebec--76829fde-aee2-4bc6-a796-d25f58eb3291#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 - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:3f9d0181d52c5cb3524b - Deposit or zone: Granada Gold Project - Mining method: combined - Ownership percent: 100 % - 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 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Strong M&I resource component reported in the 2026 update. - Positive factor: High confidence category \(M&I\) - Positive factor: NI 43-101 compliant Evidence · text > 2026 mineral resource estimate, effective June 8, 2026, reports measured and indicated mineral resources of 890,600 ounces of gold \(15,982,000 tonnes at 1.73 g/t gold\) #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-applies-for-granada-project-drill-permits-quebec--76829fde-aee2-4bc6-a796-d25f58eb3291#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 - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:0d302b82257c783dc217 - Deposit or zone: Granada Gold Project - Mining method: combined - Ownership percent: 100 % - 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 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Large inferred resource component provides significant upside potential. - Positive factor: Significant inferred tonnage - Negative factor: Lower confidence category Evidence · text > separately inferred mineral resources of 865,500 ounces \(20,096,000 tonnes at 1.34 g/t Au\) #### 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 ## 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.