Granada Gold Mine announces the successful renewal of Mining Development Lease which is now in full effect and has been extended for 10 years from September 20, 2023, to September 19, 2033. This renewal, alongside the previously renewed lease, positions Granada Gold Mine to advance its strategic plans for the Granada Gold Property near Rouyn-Noranda, Quebec.
The extension of mining lease, complements the 10-year renewal of reinforcing Granada Gold Mine’s foothold on the prolific Cadillac Break. These renewals provide the Company with the stability and confidence to move forward with its operational plans, including a planned trial of 600,000 tonnes from the high-grade Vein 1 area over the next three years.
Frank Basa, President and CEO of Granada Gold Mine Inc., commented on this milestone, “The renewal of both mining leases marks a significant achievement for Granada Gold Mine. This has been an exciting year as we have developed a robust business case and laid the groundwork for future success. With these leases secured, we are well-positioned to leverage our assets and drive our project forward.”
Granada Gold Mine is actively pursuing partnerships with strategic stakeholders, including milling partners and potential developers for a new mill. The Company is committed to engaging with local communities, industry partners, and stakeholders to ensure the successful advancement of the project.
