President & CEO, Tim Johnson, stated, “In completing this financing, we have added significant strength to our overall shareholder base and are now well-capitalized to undertake an aggressive exploration program this summer. Our intention is to mobilize personnel to set up camp at our Carmacks & Carmacks North project in late April and commence drilling in the first half of May for a program we anticipate will be in excess of 8,000 metres with a goal of expanding our current resource. We are very encouraged by the ongoing strength in the copper market and foresee this will be a significant value driver moving forward. With buoyant sector fundamentals, a solid balance sheet and significant substantive news flow expected, Granite Creek is looking to become established as a prominent Canadian copper-gold explorer/developer.”
FOR FURTHER INFORMATION PLEASE CONTACT:
About Granite Creek Copper
Granite Creek, a member of the Metallic Group of Companies, is a Canadian exploration company focused on the Minto Copper District of Canada’s Yukon Territory. Granite Creek’s 100% owned Carmacks and Carmacks North project consists of a 176 square kilometre land package within the Minto Copper District, including the Carmacks Deposit. The property is on trend with the producing Minto copper-gold mine to the north and has excellent access to infrastructure with the nearby paved Yukon Highway 2, as well as grid power within 12 kilometers. More information about Granite Creek, our properties and the acquisition can be viewed on the Company’s website at www.gcxcopper.com.
Granite Creek President & CEO Tim Johnson stated, “We are very pleased with the success of our inaugural drill program on the recently combined Carmacks and Carmacks North project. The opportunity presented by the expansion potential of an already significant resource at Carmacks combined with the discovery potential at Carmacks North has positioned our shareholders with excellent exposure to the burgeoning copper bull market. I cannot thank and compliment our crews enough for their hard work and dedication to the project including the extra steps taken to ensure safety of all concerned in a very trying 2020 exploration season. We look forward to building on these results during an expanded 2021 program and will be relaying our plans to the public as they are finalized and confirmed.”