Tim Johnson, Granite Creek CEO stated: “Granite Creek management strongly believes that the value of the combined project is significantly greater than the sum of the parts, especially in terms of the potential for expansion of existing high-grade copper-gold resources in this productive yet underexplored district. At Carmacks many zones remain open along trend and at depth especially in the sulfide domain and the work done at Carmacks North has laid the groundwork for resource development. This is a major milestone for the Company, and we look forward to unlocking the potential of the southern half of the high-grade Minto Copper Belt.”
About the Minto Copper Belt
The Minto Copper Belt is a 180-kilometer-long by 60-kilometer-wide belt of intrusion-related, high-grade Cu-Au-Ag deposits within the Dawson Range in the central Yukon Territory of Canada. The District is host to Pembridge’s operating Minto Mine and Granite Creek’s Carmacks and Carmacks North Project. At Carmacks copper mineralization is contained in foliated to gneissic material, generally similar to the Minto mine.
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