GNCC Capital, Inc. – Publication of Interim Report on Company’s “Kit Carson” Exploration Properties
07 März 2014 - 1:00PM
Business Wire
GNCC Capital, Inc. (OTC:GNCP) has today filed an interim report
on its “Kit Carson” Exploration Properties as prepared by a
Consulting Geologist to the Company, Craig Parkinson. “Kit Carson”
is located in the Big Bug Mining District within the Bradshaw
Mountains in Yavapai County, Arizona.
This was filed today on the OTC Disclosure Service as a
Presentation. A link to this Report:
http://www.otcmarkets.com/companyPresentationViewer?cmdId=276.
Management wishes to draw attention to the following commentary
on “Kit Carson”:
- Certain commercially sensitive data has been omitted from this
initial report on “Kit Carson” but will be included in subsequent
reports as it relates to substantial additional land claims.
- GNCC Capital, Inc. will be applying for State of Arizona
Prospecting Permits through the submission of a Plan of Operation
as well as providing the required Surety Bonds; and over an
identified and additional amount of 764 acres to its “Kit Carson”
Property. This increases this Property Group size to 1,100
acres.
- The next report on “Kit Carson” will include the additional
Claim Blocks, significantly more sampling as well as the Assay
Reports.
- Whilst we have prolific amounts of historical data on these
property groups, we elected not to include this data in our
reports. Our policy is to utilize historical data as a guide
only.
- The Company’s stated policy in respect of our exploration
property valuations is to remain conservative, only to release ore
estimates that arise from our own mine models and evaluations and
to only publish and report valuations based on completed and signed
off Feasibility studies and only when the project is ready for
implementation.
Management is assessing this report on the “Kit Carson”
exploration properties and will comment further after the
publication of the next report on the greatly enlarged “Kit Carson”
Exploration Property Groups.
The Company will be publishing reports on its “White Hills,
Ester Basin, Potts Mountain and Silverfields” Exploration
Properties, as well as the updated reports on its “Clara, Burnt
Well and Kit Carson” Exploration Properties and in the coming
weeks.
Additional reports on the two additional Exploration Property
Groups optioned by the Company will be published should the company
elect to exercise its option to acquire these additional property
groups.
These reports are being prepared by both of the Company’s
Consulting Geologists.
The Company published the interim report on its “Clara” Gold
Exploration Properties on February 28, 2014 and the interim report
on its “Burnt Well” Gold Exploration Properties on March 5,
2014.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is primarily a Gold Exploration Company, with
a secondary focus on Silver Exploration. The initial exploration
properties are located in Arizona and consist of “White Hills,
Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts
Mountain". The Company intends to create significant value for its
initial portfolio of properties through continued exploration,
joint ventures, and through the acquisition of additional Gold and
Silver Exploration assets. GNCC Capital, Inc. is a current
information filer on the OTC Markets under the symbol “GNCP”.
Forward-Looking Statements:
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file with the OTC
Markets Group.
[We would be very appreciative if all investor questions be
directed to this E mail address and not to our telephone voicemail
until such time as we have appointed a dedicated Investors
Relations Firm whom will deal with all telephonic enquiries]
GNCC CAPITAL, INC.N.E. “Ted”
Blom, 702-951-9793President &
CEOcorporate@gncc-capital.comorInvestor
Relations:investor@gncc-capital.comWeb Site:
www.gncc-capital.comTwitter: https://twitter.com/GNCCCapital
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