Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update

TICKERS: GCX; GCXXF

Copper Explorer Submits Core Samples from Yukon Project for Assaying
News Update

Share on Stocktwits

Source:

Once Granite Creek Copper receives the results, it will plan a 2021 resource definition drill program.

In a news release, Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC) provided an update on the inaugural diamond drilling and trenching program now underway at its Stu copper-gold project in the Yukon. The purpose is to follow up and expand on historical drilling done in the high-grade A zone by another operator in 1980.

The Vancouver-based copper firm has already submitted core samples from the initial drill holes for assaying, results of which are expected in late November at the earliest. Once received, Granite Creek will incorporate those data with results from its summer 2020 relogging and reassay program to plan next year's resource delineation drill campaign.

"With the data obtained from the current program added to historic drilling on the Stu project, we will be in a strong position to launch a resource definition drill program in 2021," President and CEO Tim Johnson said in the release.

Another expectation of Granite Creek is that the acquisition of Copper North, including its advanced-state Carmacks copper deposit, also located in the Yukon, will close in mid-November 2020.

Also in the news release, the copper company announced that it completed the second and final tranche of its recent private placement. From both tranches, it generated about CA$1.99 million in total proceeds.

[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Granite Creek Copper. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Granite Creek Copper, a company mentioned in this article.





Want to read more about Gold and Base Metals investment ideas?
Get Our Streetwise Reports Resources Report Newsletter Free and be the first to know!

A valid email address is required to subscribe