Geologica Resource Corp C.GRCM

Geologica - Topley Project

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The Topley project

Geologica’s Topley project, backed by a 100 per cent option, consists of 10 mineral claims spanning 4,216 hectares in the Babine porphyry belt waving numerous green flags for exploration upside, such as:

• Residing near and on trend with some of the Babine porphyry belt’s most notable mineral occurrences and deposits, such as:
  • Noranda’s (now Glencore) past-producing Granisle and Bell copper mines, with Bell achieving past production of 570,819 ounces of gold, including 21,349 tons of copper and 29,000 ounces of gold in 1990.
  • American Eagle Gold’s (TSXV:AE) NAK project, where assay results have returned up to 1.09 per cent copper equivalent over 302 metres. Mining giant Teck Resources (TSX:TECK.A) took a 19.9 per cent position in American Eagle Gold in August 2023.
  • Amarc Resources’ (TSXV:AHR) Joy project, featuring a high-quality pipeline of deposits and deposit targets, and its Duke project, featuring numerous deposit-scale exploration targets and an up to C$90 million earn-in agreement with Boliden Mineral Canada.
• Regional till samples in the area in the 90th+ percentile for arsenic, antimony, lead and zinc, similar to the Eskay Creek mine, which was the highest-grade gold mine in the world when in production between 1994-2008, and boasts a November 2023 definitive feasibility study detailing reserves of 4.6 million ounces of gold equivalent, an after-tax net present value (5 per cent) of C$2 billion and a 1.2-year payback at US$1,800 per ounce of gold and US$23 per ounce of silver.
• A portfolio of seven copper-gold targets aligned with airborne magnetic surveys and spatiotemporal geophysical hydrocarbon (SGH) copper and gold anomalies delineated during 2020 and 2022 exploration, including at least three of kilometre scale.
• A slew of similarities to Centerra Gold’s Mount Milligan mine, which is expected to produce 55 million to 65 million pounds of copper and 180,000-200,000 ounces of gold in 2024.
• Consistent data-driven expansion, as reported in April 2024 and on Feb. 2 and 28, 2023.
• A rock sample on the property from 1992 yielding 6.84 grams per ton (g/t) of gold.
• A lake on Geologica’s claims yielding the highest lake sediment samples for molybdenum in the region.
• Analysis of historic drilling on adjacent claims to the southwest indicating an epithermal system.
• Access to a highway, logging roads, hydro power, and a rail line to an international deep-sea port, minimizing operational costs.

Considering that about 60 per cent of global copper production and the majority of B.C. production stems from porphyry copper deposits – which also account for significant molybdenum and about half of the province’s gold – Geologica is in a prime position to potentially expand mineralization and maximize shareholder value across its target portfolio.

Topley’s next near-term milestone is an upcoming induced polarization (IP) survey consented to by the Lake Babine first Nation and approved by the British Columbia Ministry of Energy, Mines and Low Carbon Innovation.

(Source: Geologica Resource)