ROUYN NORANDA, QC, April 1, 2021 /CNW/ - Granada Gold Mine Inc.
(TSXV: GGM) (the "Company" or "Granada") is pleased to
announce that Mr. Ryan Webster has
been appointed as Chief Financial Officer of the Company effective
today, replacing the Company's interim CFO, Mr. Robert Guanzon.
Mr. Webster brings over 15 years' experience as a finance
professional in the mining industry. Formerly Mr. Webster
served as a consultant providing corporate finance services to a
variety of clients, including contract CFO services to Blue Thunder
Mining Inc. During his time at Blue Thunder he led the company
through a qualifying transaction for public listing on the TSX
Venture Exchange. Prior to his time as a consultant, Mr. Webster
held the role of VP, Finance at Dominion Diamond Corporation
(formerly Harry Winston Diamond Corporation and Aber Diamond
Corporation) where he led and executed over CDN$2 billion in corporate M&A transactions
including the purchase of BHP Billiton's diamond business in 2013
for US$500 million and the sale of
Dominion Diamond Corporation to the Washington Companies in 2017
for US$1.2 billion. He also
helped raise over $1 billion in
corporate credit facilities. Mr. Webster holds is a Chartered
Professional Accountant (CMA) and Chartered Financial Analyst.
The Company thanks Mr. Guanzon for his contributions during the
Company's transition and wishes him well in his future
endeavors.
About Granada Gold Mine Inc.
Granada Gold Mine Inc. continues to develop the Granada Gold
Property near Rouyn-Noranda,
Quebec. Approximately 120,000 meters of drilling has been
completed to date on the property, focused mainly on the extended
LONG Bars zone which trends 2 kilometers east-west over a potential
5.5 kilometers of mineralized structure. The highly prolific
Cadillac Break, the source of more than 75 million plus ounces of
gold production in the past century, cuts through the north part of
the Granada property, but is not
necessarily indicative of mineralization hosted on the company's
property.
The Granada Shear Zone and the South Shear Zone contain, based
on historical detailed mapping as well as from current and
historical drilling, up to twenty-two mineralized structures
trending east-west over five and a half kilometers. Three of these
structures were mined historically from two shafts and two open
pits. Historical underground grades were 8 to 10 grams per tonne
gold from two shafts down to 236 m
and 498 m with open pit grades from 5
to 3.5 grams per tonne gold.
The Company is in possession of all mining permits required to
commence the initial mining phase, known as the "Rolling Start",
which allows the company to mine up to 550 tonnes per day.
Additional information is available at www.granadagoldmine.com.
"Frank J. Basa"
Frank J. Basa P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Granada Gold Mine Inc.