VANCOUVER, BC / ACCESSWIRE / August 24, 2022 / Granite Creek Copper Ltd. (TSXV:GCX | OTCQB:GCXXF) (“Granite Creek” or the “Firm“) is happy to announce the acquisition of the Star Cu-Ni-Platinum Group Steel (“PGM”) mission, situated within the Omineca mineral belt of northern British Columbia.
Granite Creek will safe a 100% curiosity within the Star mission, with no underlying royalty or additional obligation, for a complete consideration of $10,000 CDN and the issuance of 500,000 widespread shares of the Firm to the property of Ursula Mowat. The issued shares could have a maintain interval of 4 months plus at some point from the date of issuance. The Firm anticipates closing the transaction on or concerning the August 30, 2022, topic to TSX Enterprise approval.
Tim Johnson, CEO of Granite Creek Copper, said, “I used to be saddened to listen to of the passing of Ursula Mowat who had been a pioneer in prospecting for platinum group metals and related nickel and copper mineralisation within the Omineca area of British Columbia. As one of many first geologists to acknowledge the potential for the native iron-nickel alloy awaruite to be a major supply of low-cost nickel within the Omineca space, she will likely be remembered for her ground-breaking work within the trade. To have the ability to purchase the Star mission claims and proceed the event work to unlock the potential that Ursula clearly noticed is an honour. We stay up for finishing our preliminary work on the claims and relaying to traders the potential for each valuable and battery metals on the mission.”
“Though Granite Creek’s major focus stays our flagship Carmacks Copper-Gold-Silver mission with the pending up to date preliminary financial evaluation anticipated in This autumn 2022, the Star mission will increase our publicity to crucial minerals at a time when the Canadian authorities is incentivizing exploration of listed crucial commodities in Canada, as a part of a broader push to safe provides of the minerals in North America for nationwide safety and to assist the event of carbon free power sources.”
In regards to the Star Venture
The Star mission is situated 190 kilometers northeast of Smithers, BC and is inside 5 kilometers of the Omineca Useful resource Street and powerline that served the Kemess Mine. The 2500-hectare mission is underlain by ultramafic rocks which might be potential for copper, nickel, cobalt, PGMs and gold. Earlier work recognized a number of showings consisting of copper and nickel sulphide mineralisation with accompanying PGM and gold values. The showings are recognized inside six distinct zones unfold over a 12-kilometer strike size together with Queen Zone, GL Zone, HB Zone, HC Zone, Libra Zone, and Ridge Zone (see accompanying Determine 1 for Zone places in addition to further areas recognized for observe up).
Highlights of a few of the greatest mineralised copper and nickel sulfide bearing rock sampled by Ms. Mowat from the assorted are recognized under:
1.18% Cu, 0.17 g/t Au, 0.11 g/t Pd from the Queen Zone0.78% Cu, 0.25% Ni, 833 ppm Co and 0.27% Cu from the GL Zone.0.09 % Cu, 1.32 g/t Pt and 1.82 g/t Pd from the HB Zone.0.87% Cu, 0.18 % Ni, 0.12 g/t Au, 0.41 g/t Pt and 0.83 g/t Pd from the HC Zone.0.31% Cu Cu from Libra Zone0.30% Cu, 0.28 g/t Pt, 0.25 g/t Pd from the Ridge Zone.Determine 1 Declare Block and Zone Location
Ms. Debbie James, P.Geo., a certified individual for the needs of Nationwide Instrument 43-101, has reviewed and authorized the technical on this information launch. Ms. James is a Senior Geologist with TruePoint Exploration and a Venture Supervisor for Granite Creek Copper.
About Granite Creek Copper
Granite Creek, a member of the Metallic Group of Firms, is a Canadian exploration firm centered on the 176-square-kilometer Carmacks mission within the Minto copper district of Canada’s Yukon Territory. The mission is on pattern with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., to the north, and options wonderful entry to infrastructure with the close by paved Yukon Freeway 2, together with grid energy inside 12 km. The mission is situated inside the Conventional Territory of Little Salmon/Carmacks First Nation. Extra details about Granite Creek Copper will be seen on the Firm’s web site at www.gcxcopper.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President & CEO
Phone: 1 (604) 235-1982
Toll-Free: 1 (888) 361-3494
E-mail: [email protected]
Web site: www.gcxcopper.com
Metallic Group: www.metallicgroup.ca
This information launch consists of sure statements that could be deemed “forward-looking statements”. All statements on this launch, aside from statements of historic details together with, with out limitation, statements concerning potential mineralization, historic manufacturing, estimation of mineral sources, the conclusion of mineral useful resource estimates, interpretation of prior exploration and potential exploration outcomes, the timing and success of exploration actions usually, the timing and outcomes of future useful resource estimates, allowing time strains, metallic costs and forex trade charges, availability of capital, authorities regulation of exploration operations, environmental dangers, reclamation, title, and future plans and targets of the corporate are forward-looking statements that contain numerous dangers and uncertainties. Though Granite Creek Copper believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements should not ensures of future efficiency and precise outcomes or developments could differ materially from these within the forward-looking statements. Ahead-looking statements are primarily based on plenty of materials components and assumptions. Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embody failure to acquire mandatory approvals, unsuccessful exploration outcomes, modifications in mission parameters as plans proceed to be refined, outcomes of future useful resource estimates, future metallic costs, availability of capital and financing on acceptable phrases, basic financial, market or enterprise situations, dangers related to regulatory modifications, defects in title, availability of personnel, supplies and gear on a well timed foundation, accidents or gear breakdowns, uninsured dangers, delays in receiving authorities approvals, unanticipated environmental impacts on operations and prices to treatment similar, and different exploration or different dangers detailed herein and on occasion within the filings made by the businesses with securities regulators. Readers are cautioned that mineral sources that aren’t mineral reserves would not have demonstrated financial viability. Mineral exploration and improvement of mines is an inherently dangerous enterprise. Accordingly, the precise occasions could differ materially from these projected within the forward-looking statements. For extra data on Granite Creek Copper and the dangers and challenges of their companies, traders ought to evaluation their annual filings which might be out there at www.sedar.com.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
SOURCE: Granite Creek Copper Ltd.
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