Granite Creek Copper Acquires Extensive Database for the Stu Copper-Gold-Silver Project in Yukon, Canada

By The New Times

Granite Creek Copper Ltd. (TSX.V: GCX) (Granite Creek or the Company) is pleased to announce it has secured a substantial historic database detailing exploration work conducted on the area now covered by the Companys Stu Copper-Gold-Silver Project (Stu or the Project) by United Keno Hill Mines Ltd. (UKHM). As a result of acquiring this comprehensive exploration data, Granite Creek is well positioned to rapidly advance its target development and refinement work for exploration in 2019 in the high-grade Carmacks Copper District. The information consists of complete drill data from a 4,504 metre, 28-hole program including logs, assay results and lithology, plus historical trenching and sampling results including detailed geological mapping and key information on geology, structure and possible mineral controls.

The following provides a concise history and summary of the exploration work now in the Companys possession. UKHM staked the area and carried out prospecting and reconnaissance soil sampling in the summer of 1976 as well as magnetic and VLF-EM surveys over selected areas. The historic Stu claims were staked in January 1977 to cover areas reporting anomalous in copper as determined by this program. During the 1977 season, UKHM competed soil sampling, as well as additional magnetic and VLF geophysical surveys. An Induced Polarization survey was carried out over several anomalous zones in 1978 and, the following year, 16 bulldozer trenches were excavated across four separate geochemical anomalies.

Follow up work in 1980 included 28 diamond drill holes totaling 4,504 metres. The full results of the 1980 drill program were not reported publicly, except for selective results filed for assessment. Highlights of the 1980 drill program included 3.44% Cu, 1.87 g/t Au and 13.37 g/t Ag over 13.5m in DDH 80-09, 3.51% Cu, 2.49 g/t Au and 18.35 g/t Ag over 13.5 m in DDH 80-14 and 2.80% Cu, 4.04 g/t Au and 17.42 g/t Ag over 12.5 m in DDH 80-18.

Mr. Timothy Johnson, President and CEO, stated, “Acquiring this database has confirmed our belief in the potential of the Stu project and greatly accelerates the Companys planning for the upcoming field season. Advances made on other deposits in the Carmacks Copper District in the years since UKHM completed this work have led to a greater understanding of mineralizing controls to these high-grade copper-gold-silver deposits. The Company is now positioned to apply this knowledge in combination with modern exploration techniques to rapidly advance the Project and reveal its potential for new high-grade copper-gold deposits in the mining-friendly Yukon Territory. Additional news releases will be forthcoming as we announce the results of our ongoing work including compilation and modeling results, and 2019 exploration plans.

This article provided by NewsEdge.