Welcome to our dedicated page for Granite Creek news (Ticker: GCXXF), a resource for investors and traders seeking the latest updates and insights on Granite Creek stock.
Granite Creek Copper Ltd. was a mineral exploration and development company whose news centered on copper-gold-silver and critical-mineral assets before its acquisition by Cascadia Minerals Ltd. through a court-approved plan of arrangement. Coverage included the Carmacks copper-gold-silver project in Yukon, the Star Ni-Cu-PGE project in central British Columbia, drilling results, project studies, and technology work involving ultramafic rocks, metal extraction, carbon sequestration, and geologic hydrogen.
Company updates also covered shareholder voting matters, material agreements, capital-structure disclosures, operating and financial results, governance changes, and the completed business combination that moved Granite Creek into Cascadia.
Granite Creek Copper (TSX.V:GCX)(OTCQB:GCXXF) has announced the discovery of a new mineralized zone, dubbed the Gap Zone, at its Carmacks copper-gold-silver project in Yukon, Canada. The discovery resulted from a 1420-metre drill program consisting of four holes. The Gap Zone, located between the proposed 147 and 2000S pits, was traced for approximately 170 meters and remains open along strike and at depth.
The company believes this discovery has the potential to add significant tonnage and extend the mine life outlined in the 2023 Preliminary Economic Assessment. The Carmacks project currently contains over 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent within a high-grade resource of 36.2 million tonnes grading 1.07% CuEq. Additionally, Granite Creek has issued 750,000 shares to the vendors of the LS molybdenum project as part of an earn-in agreement.
Granite Creek Copper (TSX.V:GCX)(OTCQB:GCXXF) has launched its 2024 drill campaign at the Carmacks copper-gold-silver project in Yukon, Canada. The program includes 1,800 meters of core drilling targeting new areas adjacent to existing high-grade, pit-constrained resources. Key focus areas include the Gap, Sourtoe, and Zone 4 targets. The Gap Target, lying between 147 and 2000 S zones, shows promising geophysical results with an Induced Polarization (IP) response nearly double that of the 147 Zone.
The Carmacks Project contains 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent within a high-grade resource of 36.2 million tonnes grading 1.07% CuEq. Recent work at Kemetco Research demonstrated improved recoveries, aligning with the 2022 Preliminary Economic Assessment's recommendations for increasing the project's Net Present Value (NPV).
Granite Creek Copper announces its 2024 exploration program for the Carmacks copper-gold project in Yukon, Canada. The 2024 field program involves up to 1800 meters of diamond drilling focused on new targets, including the Gap, Sour Toe, and Zone 1213 targets, refined by IP surveys, trenching, and soil sampling. The project spans 177 sq km and contains 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent metal. Additionally, the company seeks to extend the expiry date of certain warrants and has granted 1.29 million stock options to its team.
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