Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.


Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?


Please Try Again {{ error }}

Send my password

An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Granite Creek Copper Ltd V.GCX

Alternate Symbol(s):  GCXXF

Granite Creek Copper Ltd. is a Canada-based exploration company. The Company is focused on the exploration and development of minerals projects in North America. The Company’s projects consist of its flagship Carmacks project in the Minto copper district of Canadas Yukon Territory, the LS Molybdenum project and the Star copper-nickel- platinum group metal project, both located in central British Columbia. This 100%-owned, 176-square-kilometers Carmacks property is on trend with Minto Exploration's high-grade Minto Copper-Gold Mine to the north, and its access to infrastructure includes the paved Yukon Highway 2 within 60 kilometers (km) as well as grid power within 12 km. The LS Molybdenum Project is located within the traditional territory of the Wet’suwet’en First Nation in central British Columbia. Its Star project is located approximately 190 km northeast of Smithers, British Columbia and is within five km of the Omineca Resource Road and powerline that serves the Kemess Mine.

TSXV:GCX - Post by User

User Avatar Image
  • Betteryear2X
Post by Betteryear2on May 03, 2022 5:10pm
Post# 34652763

Granite Creek Copper Retains SGS Canada

Granite Creek Copper Retains SGS Canada

VANCOUVER, BC / ACCESSWIRE / May 3, 2022 / Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) ("Granite Creek" or the "Company") is pleased to announce that it has retained SGS to complete an updated Preliminary Economic Assessment ("PEA") on the Carmacks project. The PEA will use the 2022 Resource Estimate (Table 1), consisting of 36.2 million tonnes (Mt) in Measured and Indicated categories (M&I), grading 1.07% CuEq (0.81% Cu, 0.26g/t Au, 3.23g/t Ag and 0.011% Mo) for a total of 651 million pounds (Mlbs) of contained M&I copper and an additional 38 Mlbs Cu Inferred as the main input. Building off a 2017 PEA(1), the updated study will encompass the following:

  • Significant Increase in Contained Copper - The 2022 resource estimate marked a 43% increase in contained copper over the previous estimate referenced(2)
  • Inclusion of Sulphide Processing - As of the publication of the 2022 resource estimate the Carmacks project consists of roughly 50/50 sulfide and oxide resources by contained metal. The Company sees the inclusion of sulphide resources as a significant potential value driver having a positive impact on the economics of the project; and
  • High Proportion of Resources Modeled in Three Conceptual Open Pits - 96% of the 2022 resources are contained within the conceptual pits (Figure 1). With a high percentage of current resources reporting in conceptual pits the cash cost per pound of copper is expected to be significantly lower when compared to a similar sized underground operation.
<< Previous
Bullboard Posts
Next >>