# 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--7f344911-5b28-4a47-a18f-ee1624aaff5a

Original source: https://money.tmx.com/en/quote/GGM/news/8418637155410646/granada-gold-mine-engages-goldminds-geoservices-for-mineral-resource-estimate-up

Publisher: tmx

Original announcement: 2026-05-18T13:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Granada Gold Mine Inc.

- Ticker: GGM

- Exchange: TSX

- Region: Québec

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Resource update

- Extracted: 2026-08-21 14:55:58 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

Granada Gold Mine Inc. has engaged GoldMinds Geoservices to perform an updated NI 43-101 compliant Mineral Resource Estimate for the Granada Gold Project. The update will incorporate all drilling data through 2025 and evaluate the deposit under current gold pricing, which is significantly higher than the 2017 historical baseline.

Reasoning: The company is engaging GoldMinds Geoservices to update its Mineral Resource Estimate, leveraging a significantly higher gold price and new drilling data to potentially expand the economic resource envelope.

- Positive factor: engagement of specialist firm for MRE update

- Positive factor: incorporation of recent drilling and structural reinterpretation

- Positive factor: favorable gold price environment vs historical estimate

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

- Negative factor: MRE update is still in progress \(not yet released\)

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 the engagement to perform an updated Mineral Resource Estimate.

Evidence · text

> Engages GoldMinds Geoservices for Mineral Resource Estimate Update

**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 responsible for the MRE.

Evidence · text

> The MRE will be prepared 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--7f344911-5b28-4a47-a18f-ee1624aaff5a#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: 2026-05-18T00:00:00.000Z

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

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--7f344911-5b28-4a47-a18f-ee1624aaff5a#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: 2026-05-18T00:00:00.000Z

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

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--7f344911-5b28-4a47-a18f-ee1624aaff5a#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: 2026-05-18T00:00:00.000Z

Reasoning: Combined Measured and Indicated resource component.

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--7f344911-5b28-4a47-a18f-ee1624aaff5a#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: 2026-05-18T00:00:00.000Z

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.