VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2015) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) is pleased to announce that it has identified a geological setting for nickel and platinum group metals on its Darsalam Project located in Mali, West Africa. A program of geological mapping, which included soil and rock sampling, was originally undertaken by the Company in order to explore for gold that had been reported from various intersections in previous drilling. Also during the program, gabbro and ultramafic rocks were found over an extensive area and grab samples of these rock types were taken and assayed for possible nickel and related minerals. Of the 21 rock samples taken, 11 returned anomalous concentrations of nickel from 158 to 1130 ppm and 9 samples ranged from 50 to 160 ppb platinum. These samples are contained in an area which is roughly 15 km long and 1 to 2 km wide.
Recently, the Company applied for an additional 100 sq km concession to the west of the current Darsalam concession to cover areas of projected extensions of the gabbro and ultramafic rocks. An initial program is being planned to consist of stream sediment sampling, rock sampling and geological mapping to further delineate the ultramafic rocks and outline the areas where there is nickel and platinum group metals potential.
Other matters
Granite Creek also reports that due to market conditions the Company has returned the Troitsa project, located in British Columbia, to the vendors.
Dr. Mathias Westphal, P.Geo, a Qualified Person as defined in National Instrument 43-101 has reviewed and approved the technical content of this press release.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, with the goal of establishing a mineable mineral resource. The Company is focused in Mali, West Africa where it has two projects consisting of the 75 sq km Darsalam gold concession and the 94 sq km Niaouleni gold concession, both of which the Company has an option to acquire a 100% interest.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to regulatory approvals, exploration programs, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain regulatory approval and to complete its exploration programs on schedule and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.