Granada Gold Reports 64% Jump in Measured & Indicated Resources to 890,600 oz

Granada Gold Mine Inc. (TSXV: GGM) announced a 64% increase in measured and indicated mineral resources to 890,600 ounces of gold, according to its updated 2026 mineral resource estimate for the Granada Gold Project in Quebec.

The updated estimate, which combines open-pit and underground resources, re-evaluates the block model from SGS Canada Inc. that supported the company's 2022 estimate. Measured and indicated resources now total 15,982,000 tonnes at 1.73 g/t gold, while inferred resources rose 90% to 865,500 ounces (20,096,000 tonnes at 1.34 g/t). The project is located near Rouyn-Noranda, adjacent to the prolific Cadillac Break in the Abitibi greenstone belt, within trucking distance of several operating gold mines and mills.

For gold and precious metals traders, this resource upgrade signals potential future supply from a past-producing property in a tier-one mining jurisdiction. While not a near-term price catalyst for gold itself, it underscores the ongoing exploration and development activity in the sector. NowPrice users can track live gold prices and charts to see how the broader market reacts to such project-level news.

Investors will watch for the company's next steps, including potential feasibility studies, permitting, and financing. The resource increase may also attract interest from larger producers seeking to consolidate in the Abitibi region. The 2026 MRE provides a stronger foundation for project economics, but further drilling and engineering work will be needed to advance toward production.