Granite Creek Copper and Copper North Mining Corp. enter into Data-Sharing Agreement
01 April 2019 - 2:00PM
Granite Creek Copper Ltd. (TSX.V: GCX)
(“
Granite Creek”)
and
Copper North Mining Corp. (TSX.V: COL) (“Copper
North”) (the “
Companies”) are pleased to
announce they have entered into a comprehensive data-sharing
agreement (the “Agreement”), with respect to existing mineral
exploration data on the companies’ adjoining mineral claims in the
Carmacks Copper District of Canada’s Yukon Territory.
Granite Creek and Copper North control the Stu
Cu-Au-Ag project and Carmacks Cu-Au-Ag project, respectively, and
have valuable information relating to their properties, some of
which may be of a confidential nature. The Companies have agreed to
share this information to develop a greater understanding of the
geologic nature of the projects, as well as the potential for
developing economic mineral deposits in the broader Carmacks Copper
District, as a whole.
Granite Creek President & CEO, Tim Johnson,
stated, “We are very pleased to have entered into this important
and mutually-beneficial agreement with Copper North. The Company
feels that a cooperative approach to exploration and development
within the Carmacks Copper District is the best way to advance
projects and add shareholder value. The long history of exploration
on the Carmacks Cu-Au-Ag project and the extensive database
developed with respect to exploration methods, mineralization,
geology and deposit characteristics will be invaluable to Granite
Creek and enable us to fast-track our own exploration efforts.
Together with the recently acquired historic database on the Stu
project, this information will allow us to build a solid geological
model and enable rapid identification of priority exploration and
drill target areas for our planned programs in 2019 and
beyond.”
Copper North President and CEO, Doug Ramsey,
stated “We have been very successful in growing our Carmacks
project mineral resource over the past few years, based on known
areas of mineralization. Our future exploration programs on the
property will greatly benefit from the expanded understanding of
mineralization, geology, and deposit characteristics in the
Carmacks Copper District made possible through this data-sharing
agreement.”
About Granite Creek Copper
Granite Creek Copper is a Canadian
copper-focused exploration company whose flagship asset is the
100%-owned Stu Cu-Au-Ag project located in the Carmacks Copper
District of Canada’s Yukon Territory. The property, which covers
111 square kilometres, is adjacent to Capstone Mining’s high-grade
Minto Cu-Au-Ag Mine and Copper North’s advanced-stage Carmacks
Cu-Au-Ag project. More information about the Company and the Stu
project can be viewed on the Company’s website at
www.gcxcopper.com.
About Copper North Mining
Copper North Mining Corp. is a Canadian mining exploration
and development company focused on transforming the 100%-owned
advanced-stage and high grade Carmacks Cu-Au-Ag project into a
low-cost copper and precious metals producer. Learn more about the
company and our Carmacks Project at www.coppernorthmining.com.
About the Carmacks Copper
District
The Carmacks Copper District is a 180 km long by
60 km 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 Capstone’s Minto Mine, currently on care
and maintenance, and Copper North’s advanced-stage Carmacks Copper
Project. Granite Creek’s Stu Project lies between these projects,
with copper mineralization contained in foliated to gneissic
granodiorite, similar to the Minto mine & the Carmacks Copper
Deposit, generally.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Granite Creek Copper Timothy Johnson,
President Telephone: 1 (604) 235-1982
Toll
Free: 1 (888) 361-3494
E-mail:
info@gcxcopper.comWebsite:
www.gcxcopper.comMetallic Group:
www.metallicgroup.ca
Copper North Mining Corp.Doug Ramsey, President
and CEOTelephone: 1 (604) 398-3452Toll
Free: 1 (844)
401-2644E-mail:
info@coppernorthmining.comWebsite:
www.coppernorthmining.com
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.
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