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General Copper Gold Corp. reports company developments tied to copper-gold mineral exploration, including drilling, relogging, sampling, assay work, and property earn-in arrangements at the Topley Richfield Project in British Columbia. Its news also covers equity financing plans used to support exploration activity and general corporate purposes.
Company updates also describe governance changes and technical exploration information reviewed under Canadian mining disclosure practices, including qualified-person review for technical content in exploration releases.
General Copper Gold (GNRGF) entered an option agreement to acquire an 80% interest in an exclusive prospecting license covering ~48,500 hectares in Namibia's Otjozondjupa Region.
To earn 80% the company must pay US$60,000 on closing and spend US$150,000 in year one and US$300,000 in year two. A proposed private placement of units at CDN$0.05 (minimum CDN$1,500,000) with 0.5 warrant per unit (warrant exercise CDN$0.10, 12 months) is conditioned on closing and CSE approval. Percy Clark appointed to the board, bringing professional geology experience.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) has announced the relogging of previously drilled holes at its Topley Richfield Project in British Columbia. This effort led to the identification of new zones of interest that were not previously sampled. A total of 156 new samples were taken from favorably altered peripheral shears, where chalcopyrite was noted. These samples have been submitted to ALS Geochemistry-Kamloops for analysis, with results expected soon.
CEO Michael Curtis expressed excitement about the potential of these overlooked zones and the upcoming assay results. The company believes this reexamination will provide more accurate data to guide future exploration efforts, aligning with their mission to maximize the potential of their exploration assets.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) has announced further exploration following its initial drill program that successfully targeted an untested IP anomaly. The program intersected copper mineralization of 0.5% over 76.95m in one of the holes. All three holes intersected the identified structure of Target 1, which remains open in all directions.
The company plans to log and assay untested, near-surface drill core with indications of fine sulphides and other minerals associated with gold mineralization. A fall diamond drill program is also planned to follow up on previous drilling and new assays.
Additionally, General Copper Gold has arranged a non-brokered private placement to raise up to $500,000 through the issuance of units at $0.05 each, consisting of one common share and one warrant exercisable at $0.10 for two years.
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