# Granada Gold Mine Applies for Drill Permits to Expand Mineral Resources Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/granada-gold-mine-applies-for-drill-permits-to-expand-mineral-resources--093c6109-d7c5-4fee-a9e3-a0104b183058 Original source: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2050-tsx-venture/ggm/212508-granada-gold-mine-applies-for-drill-permits-to-expand-mineral-resources.html Publisher: jmn Original announcement: 2026-10-07T06:00:06.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T16:17:23.596Z Atlas analysis updated: 2026-10-07T16:17:23.596Z - Company: Granada Gold Mine Inc. - Ticker: GGM - Exchange: TSXV - Region: Québec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Other, Resource update - Extracted: 2026-10-07 16:17:24 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Granada Gold Mine Inc. has applied for drill permits to expand its mineral resources at the Granada Gold Project in Quebec. The company intends to use infill and exploration drilling to improve resource confidence and test for extensions along the 5.5 km mineralized structure. Reasoning: The company is moving toward expansion via permitting and resource growth, though no new assay results are provided in this specific release. - Positive factor: Application for drill permits to expand resources - Positive factor: Significant historical drilling and delineated mineralized structure - Positive factor: Updated NI 43-101 technical report provided - Negative factor: Drilling is subject to permits and financing - Negative factor: Resource is not a reserve 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 resource estimate is supported by an amended NI 43-101 technical report. Evidence · text > supported by the amended NI 43-101 technical report **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., is named as the independent Qualified Person. Evidence · text > prepared by independent Qualified Person Claude Duplessis, P.Eng. ## 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-mine-applies-for-drill-permits-to-expand-mineral-resources--093c6109-d7c5-4fee-a9e3-a0104b183058#fact-resource-facts-0) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: GGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:50f1db5fa473561ff7e3 - Deposit or zone: in-pit and underground - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Standard indicated resource component of the 2026 update. - Positive factor: NI 43-101 compliant - Positive factor: QP signed Evidence · text > reports 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/granada-gold-mine-applies-for-drill-permits-to-expand-mineral-resources--093c6109-d7c5-4fee-a9e3-a0104b183058#fact-resource-facts-1) Granada Gold Project · gold #### Identity - Project: Granada Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Québec - Ticker: GGM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Claude Duplessis - Resource group id: resource:2189023b8d2c1d8e3672 - Deposit or zone: in-pit and underground - 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 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Standard inferred resource component. - Negative factor: Inferred category has lower confidence 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 **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.