# Granada Gold Mine Engages GoldMinds Geoservices for Mineral Resource Estimate Update Reflecting Current Gold Pricing

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up--14380366-db90-4a9c-bbc3-55f47a7739ff

Original source: https://money.tmx.com/en/quote/GGM/news/5484071895403699/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up

Publisher: tmx

Original announcement: 2026-05-19T13:01:00.000Z

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: 2026-08-21 14:56:50 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Granada Gold Mine has engaged GoldMinds Geoservices to update its NI 43-101 compliant Mineral Resource Estimate for the Granada Gold Project in Quebec. The update will incorporate all drilling through 2025 and evaluate the deposit at current gold prices, which are significantly higher than those used in previous estimates.

Reasoning: The company is engaging a specialist to update its MRE to reflect significantly higher gold prices and new drilling/structural data, which could materially expand the economic resource.

- Positive factor: Engagement of specialist firm for MRE update

- Positive factor: Significant gold price increase vs historical estimate

- Positive factor: Inclusion of recent ore sorting test results

- Negative factor: Current resource is a restatement of 2022 data

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 announcement is about engaging a firm to perform an updated Mineral Resource Estimate.

Evidence · text

> Engages GoldMinds Geoservices for Mineral Resource Estimate Update

**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 explicitly states the MRE will be NI 43-101 compliant.

Evidence · text

> complete an updated NI 43-101 compliant Mineral Resource Estimate

**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 Qualified Person responsible for the update.

Evidence · text

> under the direction of Claude Duplessis, P.Eng. \(OIQ \#45523\), a Qualified Person

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Resource Estimates (4)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up--14380366-db90-4a9c-bbc3-55f47a7739ff#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: GGM

#### Resource Data

- Category: measured
- Tonnes: 4900000
- Grade: 1.7
- Grade Unit: g/t
- Contained Metal: 269000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-19T00:00:00.000Z

Reasoning: Measured resource component of the 2022 estimate being restated.

Evidence · table

> 1.70

Context: 4,900,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up--14380366-db90-4a9c-bbc3-55f47a7739ff#fact-resource-facts-1)

gold

#### Identity

- Commodity: gold
- Ticker: GGM

#### Resource Data

- Category: indicated
- Tonnes: 3320000
- Grade: 2.57
- Grade Unit: g/t
- Contained Metal: 274000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-19T00:00:00.000Z

Reasoning: Indicated resource component of the 2022 estimate being restated.

Evidence · table

> 2.57

Context: 3,320,000

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up--14380366-db90-4a9c-bbc3-55f47a7739ff#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: GGM

#### Resource Data

- Category: indicated
- Tonnes: 8220000
- Grade: 2.05
- Grade Unit: g/t
- Contained Metal: 543000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-19T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource component of the 2022 estimate.

Evidence · table

> 2.05

Context: 8,220,000

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up--14380366-db90-4a9c-bbc3-55f47a7739ff#fact-resource-facts-3)

gold

#### Identity

- Commodity: gold
- Ticker: GGM

#### Resource Data

- Category: inferred
- Tonnes: 3010000
- Grade: 4.71
- Grade Unit: g/t
- Contained Metal: 456000
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-19T00:00:00.000Z

Reasoning: Inferred resource component of the 2022 estimate.

Evidence · table

> 4.71

Context: 3,010,000

## 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.