GJ Town India

  The drill could change the economics of Granada Mine!   Rouyn Noranda, Quebec, Granada Gold Mine provides an update on its on-going drill program at Granada. The Company completed the 6000-meter drill program and has begun another 6000-meter drill program with 2 drills on site. All drill holes intercepted mineralization which will be used in the updated resource calculation. Lengths are core length and are close to true widths, no capping applied. Au is Gold by Fire assay, or by gravimetric finish or screen metallic method. Frank J. Basa, P Eng, “The drill hole data under the pit-constrained resource could potentially change the economics of developing the Granada Mine Property.  Previously explored as a low-grade, open pit deposit, the company now envisions an open pit with a ramp from the bottom of the pit into the higher-grade mineralization below, significantly adding more ounces to the current resource.”   Holes GR-20-16 and GR-20-17 were then drilled on the same set-up as GR-

  The maiden drilling program   Gibb River Diamonds announces that the maiden drilling program at the high grade Edjudina Gold Project (GIB with Option to Purchase 100%) will commence in the first week of September. A contract with Top Drive Drillers Australia has been signed to provide drilling services to the Company. A Program of Works authorisation has been received from the WA Mines Department which permits the Company to undertake this drilling work and a number of subsequent drill programs. The maiden aircore drilling program will consist of a minimum of 2,000 metres of aircore drilling. It will aim to test a number of targets which have been generated by the Company using historic geological data, these include, 1: Areas of previous mining activity which include historical shafts and workings as evidenced in GIB’s field program. 2: Areas covered by alluvium or windblown sand along strike from previous workings which have not been explored or tested, 3: Areas with evidence of