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 Ltd. (GCXXF) has announced a debt settlement of up to CAD$86,162 through the issuance of 344,648 common shares at a price of CAD$0.25 per share, pending TSX Venture Exchange approval. All shares will be subject to a hold period of four months plus one day. The company focuses on the Carmacks project in the Yukon Territory, which has advantageous access to infrastructure and is near the Minto copper-gold mine. This move aims to manage financial obligations and support ongoing operations.
Granite Creek Copper Ltd. (OTCQB:GCXXF) closed a $1.5 million non-brokered private placement, issuing 8,333,337 flow-through common shares at a price of $0.18 per share. Proceeds will fund eligible Canadian Exploration Expenses at the Carmacks project in Yukon. Insiders participated, acquiring 194,456 shares, exempt from formal valuation requirements. Finders received $91,000 in fees and 505,554 warrants at $0.27 for two years. The shares are subject to a four-month hold period and are not registered in the U.S.
Granite Creek Copper (OTCQB: GCXXF | TSX.V: GCX), located in Vancouver, BC, will present live at VirtualInvestorConferences.com on December 8, 2021, at 2:30 PM ET. Investors can participate and ask questions during this interactive online event. A recorded version will be available afterward. The company recently completed its largest drilling campaign at the Carmacks Copper-Gold-Silver project, with results pending, and is set to release an updated mineral resource estimate and a Preliminary Economic Assessment in Q1 2022.
Granite Creek Copper has announced promising results from its Carmacks copper-gold-silver deposit in Yukon. Conducted by Sedgman Canada and Mining Plus, the studies revealed effective extraction methods and successful metallurgical testing on sulfide material, achieving up to 95% copper recovery. A preliminary economic assessment (PEA) is anticipated in the first half of 2022, incorporating updated mineral resource estimates and mine planning strategies. Granite Creek's operations benefit from favorable infrastructure in the Yukon.
Granite Creek Copper Ltd. (OTCQB:GCXXF) has retained SGS Geological Services to conduct an updated NI 43-101 mineral resource estimate for its Carmacks copper-gold-silver deposit in the Minto Copper Belt, Yukon. This update will incorporate recent drilling from 2017, 2020, and 2021 to expand on the resources last published in 2017. The company anticipates that the resource update will significantly impact the project's economics, especially after a recent announcement regarding road construction to improve access to the Carmacks project, expected to enhance exploration efforts in 2022.
Granite Creek Copper Ltd. (GCXXF) announced the completion of Phase 1 of its 2021 drill program at the Carmacks project, highlighting assay results that exceeded expectations in zones 1, 2000S, and 13. Significant intercepts included 67.35m of 1.23% CuEq in Zone 1. The results are expected to boost the resource estimates and mine economics, especially with sulfide resources potentially extending mine life. The company plans an updated NI 43-101 resource estimate and mine plan to incorporate these findings. Further assays from Phases 2 and 3 are pending.
Granite Creek Copper Ltd. (OTCQB:GCXXF) announced positive metallurgy results from the Carmacks project in Yukon, Canada, highlighting the project's copper sulfide mineralization. Testing conducted by Sedgman Canada and Mining Plus revealed potential recoveries exceeding 95% for copper into a 25% copper concentrate, indicating favorable flotation processing. The company is advancing towards an updated Preliminary Economic Assessment (PEA). CEO Tim Johnson expressed optimism about the sulfide resources' potential as further testing is planned for gold and other minerals.
Granite Creek Copper Ltd. has announced the successful completion of Phase 2 of its 2021 drilling program at the Carmacks deposit, which included 20 reverse circulation drilling holes. The company is now initiating Phase 3, focusing on Zone 2000S, following encouraging results indicating a significant mineralization intercept of 1.18% CuEq over 105.52 meters. The upcoming Phase aims to expand resources and support mine planning, with an updated mineral resource estimate expected in Q1 2022.
Granite Creek Copper Ltd. announced significant results from drill hole CRM21-011 at the Carmacks project, intersecting 1.18% CuEq over 105.52 meters, including a high-grade section of 2.55% CuEq over 21.22 meters. The drill results extend mineralization in Zone 2000S, indicating potential for over 100 meters of resource expansion below the current model. The company is also preparing an updated NI 43-101 mineral resource estimate as it advances its drilling program, aiming to enhance resource tonnage and grade.
Granite Creek Copper Ltd. (TSX.V:GCX)(OTCQB:GCXXF) announces the first assay results from Phase 1 of its 2021 drilling program at the Carmacks project, involving 19 diamond drill holes over 6,355 meters. The program aims to upgrade the sulphide resources and evaluate mineralization continuity. CEO Tim Johnson highlighted plans for a Phase 3 drilling initiative, expanding total drilling to 10,000 meters and 3,000 meters of reverse circulation drilling. Successful assays could enhance the project's mineral resource estimate and form the basis for a new Preliminary Economic Assessment.