GNCC Capital, Inc. – Assay Results Published
26 März 2014 - 2:00PM
Business Wire
GNCC Capital, Inc. (OTC:GNCP) has today published the
independent assay results from the small initial grab samples taken
on our “Burnt Well, Kit Carson and Clara” Exploration properties.
These were taken by our Consulting Geologist, Craig Parkinson.
These reports are being made available as part of the Company’s
policy on complete transparency.
Company Policy on Grab Sampling:
The Consulting Geologists have to do what they feel is
appropriate for an initial independent assessment of each property
in terms of where to sample, what to sample, and what type of
sample to take, given that each property is different with respect
to number of workings, number of mineralized showings, style of
mineralization, number and length of faults and breccia zones,
geology, structures, etc. Our policy is now to increase our grab
sampling collection to a minimum of not less than 150 samples; this
being for each and every one of our Exploration Properties.
Management Commentary:
Management will continue to review all of the data from further
grab sampling that is currently underway in order to confirm
results in areas where better results have previously been
obtained. As previously stated, Management views the use of new
radar scanning technology to be of more use insofar as the
gathering of workable data and to provide reasonably accurate
indications as to where we should drill straight into the ore
body.
The Company is keeping the grab sampling and the resulting assay
reports to very reasonable costs in order to confirm activity until
such time as the radar scanning technology is deployed on our
various exploration properties.
These assay results are the first in a series of more than a
dozen similar reports that will be evaluated over the coming weeks
and months. Management will publish all of these reports as they
become available.
At present, we are awaiting assay reports from 112 grab samples
taken at our “White Hills” exploration property by Consulting
Geologist Craig Parkinson and grab samples taken at our “Ester
Basin, Silverfields and Potts Mountain” exploration properties by
Consulting Geologist, Ray Harris.
Consulting Geologist Craig Parkinson is at present completing
his updating report on our “White Hills” exploration property and
he expects to complete by next week. He will then return to the
“Clara, Burnt Well and Kit Carson” Exploration Properties for
further work and to prepare reports on the enlarged claim blocks at
those properties.
Consulting Geologist Ray Harris is preparing his reports and
continuing his work on the Company’s “Ester Basin, Silverfields and
Potts Mountain” exploration properties.
A Link to the OTC Markets Filing:
http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=117706
About GNCC Capital, Inc.:
GNCC Capital, Inc. is primarily a Gold Exploration Company, with
a secondary focus on Silver Exploration. The Company’s current
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.
GNCC CAPITAL, INC.N.E. “Ted” Blom – President &
CEOTelephone: (702) 951-9793E Mail:
corporate@gncc-capital.comorInvestor Relations:E Mail:
investor@gncc-capital.comWeb Site: www.gncc-capital.comTwitter:
https://twitter.com/GNCCCapital
[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 who will deal with all telephonic enquiries]
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