Granite Creek Copper – 3 Target Areas For Exploration Following IP Survey And Upcoming PEA
Tim Johnson, President and CEO of Granite Creek Copper Ltd (TSX.V:GCX – OTCQB:GCXXF), joins us to outline 3 key targets of interest for the upcoming Phase 2 Drill program, after utilizing an IP survey and reviewed the ongoing work in preparation for the Preliminary Economic Assessment to be released by year end. We start off by recapping the NI 43-101 Mineral Resource Estimate at the Carmacks copper-gold-silver project in Yukon, Canada. 93% of the resource is now in the measured and indicated category, with only 7% remaining in the inferred category. There was a 43% increase in measured and indicated contained copper, a 24% increase in contained gold, and a 41% increase in contained silver, and molybdenum has been included for the first time in the resource estimate.
Tim also unpacked the preliminary exploration plans for the 2022 drill program, to test some of the 20 new regional satellite targets and step-out holes, focused more on true discovery this year, in tandem with continuing to grow the resources. We discussed that one of the key takeaways from the last 2 years drilling and understanding of the deposit was that the sulfide results are coming back very promising at depth and in other areas closer to surface, which will change the economics and development plan for the Project. However, there are some gaps in drilling that they also want to test for continuity and to better fill in the understanding of the deposit.
We wrap up with the ultimate plan for the company in using the upcoming PEA to demonstrate the robust economics of the deposit and attract the attention of larger mining companies that may want to partner with them at the Carmacks Project.
If you have any follow up questions for Tim regarding Granite Creek Copper, then please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to for a summary of the recent news out of Granite Creek Copper.
Many analyst consistently use yesterdays gold/silver numbers in there accounting and rarely ever forward think. Always at bear bottom or important pivota they have the math painting the miners like a shit nest.
If your in this game and believe the overall growth and fundamentals of the assets which are gold/silver to start with them be confident in your determination that direction will take us higher and that a re-evaluation of pricing is surely coming. Analyst are mostly always wrong on turns and live in the pass and the today and successful investors with knowledge can see the future of these miners that requires a great deal of patience on a cycle count. When she moves the returns will be bitter sweet. Timing, conviction and patience always win in the end and are key to building wealth/riches.
Glen
Fairly new ticker on the charts.. Always difficult to get a trend or an idea of pass performances with new companies. I will keep it on the radar as I have literally one copper stock which I sold 50% position when Matthew literally to the day said copper would fall and Boy did it fall like a rock. However this could be a player if your entry is good and copper goes much higher as Matthew stated and as i know we will in due time…