November 4, 2021 (Investorideas.com Newswire) In accordance with Bob Moriarty of 321Gold, Granite Creek Copper “needs to be one of many lowest market cap copper tales with an actual asset.”
Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC) has 100% possession of a 176 sq. km copper/gold/silver property named the Carmacks challenge positioned within the Minto Copper Belt within the Yukon. The high-grade copper challenge is on development with the Minto copper mine. We will see why that is essential to the way forward for the corporate shortly.
The challenge had completed a 43-101 in 2018 exhibiting an M&I useful resource of 23.76 MT of 0.85% Cu, 0.31 g/t Au and three.41 g/t Ag. A 12,000-meter drill program has been accomplished in 2021 directed at increasing the useful resource and changing inferred sulphides materials to M&I. An up to date 43-101 is anticipated in early 2022 primarily based on outcomes from the 2021 program. As well as there shall be an up to date PEA within the first half of 2022 to incorporate each oxide and sulphide materials.
At right now’s value of copper, that 43-101 useful resource is value $104.26/tonne within the floor. Naturally copper going any larger will make this challenge much more fascinating. As we see from the continuing COP26 conference there appears to be a basic settlement that the world wants to cut back its carbon footprint through the use of extra “Inexperienced Vitality.”
Nicely, Inexperienced Vitality requires huge portions of copper, lithium and graphite, excess of right now. The world is wanting copper now and goes to run even shorter. Costs should go up. Granite Creek Copper is within the catbird’s seat prepared to maneuver to manufacturing.
As I discussed above, Minto Exploration is essential to GCX for a number of causes. Minto is about to construct a mill and is within the strategy of going public imminently. Minto has solely three years reserves at presently deliberate manufacturing. Of their financing pitch deck they clearly confer with GCX with references to potential M&A actions inside the Minto Copper Belt. Guess whom they’re speaking about.
Every week in the past Granite Creek released the final results from the Phase 1 of three totally different phases. The Section 1 program was designed so as to add sulfide tonnage to the prevailing oxide useful resource. It consisted of 19 diamond core drill holes and totaled 6355 meters. Outcomes from the Section 2 and Section 3 packages are nonetheless within the lab. Section 2 did 20 RC holes and about 3000 meters in complete. Section 3 was utilizing the diamond core rig once more and did about 2700 meters.
Granite Creek is a very easy name. As of right now the corporate has a $22 million market cap with $1 million in money and $500,000 in callable warrants. As well as there are a bunch of $0.15 warrants expiring in January 2022 so the corporate is effectively cashed up.
I am not a giant professional on copper however Granite Creek needs to be one of many lowest market cap copper tales with an actual asset. When Minto goes public and goes into manufacturing, I’m sure they may concentrate.
Granite Creek is an advertiser. I’ve participated within the final personal placement so naturally I’m biased. Do your personal due diligence.
Granite Creek Copper
GCX-V $0.18 (Nov 02, 2021)
GCXXF-OTCQB 121 million shares
Granite Creek website
Bob Moriarty
President: 321gold
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321gold
Bob Moriarty based 321gold.com, along with his late spouse, Barbara Moriarty, greater than 16 years in the past. They later added 321energy.com to cowl oil, pure fuel, gasoline, coal, photo voltaic, wind and nuclear power. Each websites function articles, editorial opinions, pricing figures and updates on present occasions affecting each sectors. Beforehand, Moriarty was a Marine F-4B and O-1 pilot with greater than 832 missions in Vietnam. He holds 14 worldwide aviation information.
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