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 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.
1) Bob Moriarty: I, or members of my instant family or household, personal shares of the next firms talked about on this article: Granite Creek Copper. Granite Creek Copper is an advertiser on 321 Gold. I made up my mind which firms can be included on this article primarily based on my analysis and understanding of the sector.
2) The next firms talked about are billboard sponsors of Streetwise Experiences: Granite Creek Copper. Click on here for essential disclosures about sponsor charges.
3) Statements and opinions expressed are the opinions of the creator and never of Streetwise Experiences or its officers. The creator is wholly chargeable for the validity of the statements. The creator was not paid by Streetwise Experiences for this text. Streetwise Experiences was not paid by the creator to publish or syndicate this text. The knowledge supplied above is for informational functions solely and isn’t a advice to purchase or promote any safety. Streetwise Experiences requires contributing authors to reveal any shareholdings in, or financial relationships with, firms that they write about. Streetwise Experiences depends upon the authors to precisely present this info and Streetwise Experiences has no technique of verifying its accuracy.
4) The article doesn’t represent funding recommendation. Every reader is inspired to seek the advice of along with his or her particular person monetary skilled and any motion a reader takes because of info introduced right here is his or her personal duty. By opening this web page, every reader accepts and agrees to Streetwise Experiences’ phrases of use and full authorized disclaimer. This text is just not a solicitation for funding. Streetwise Experiences doesn’t render basic or particular funding recommendation and the knowledge on Streetwise Experiences shouldn’t be thought-about a advice to purchase or promote any safety. Streetwise Experiences doesn’t endorse or suggest the enterprise, merchandise, providers or securities of any firm talked about on Streetwise Experiences.
5) Once in a while, Streetwise Experiences LLC and its administrators, officers, workers or members of their households, in addition to individuals interviewed for articles and interviews on the positioning, might have a protracted or brief place in securities talked about. Administrators, officers, workers or members of their instant households are prohibited from making purchases and/or gross sales of these securities within the open market or in any other case from the time of the choice to publish an article till three enterprise days after the publication of the article. The foregoing prohibition doesn’t apply to articles that in substance solely restate beforehand printed firm releases. As of the date of this text, officers and/or workers of Streetwise Experiences LLC (together with members of their family) personal securities of Granite Creek Copper, an organization talked about on this article.
This information is printed on the Investorideas.com Newswire – a worldwide digital information supply for traders and enterprise leaders
Disclaimer/Disclosure: Investorideas.com is a digital writer of third get together sourced information, articles and fairness analysis in addition to creates unique content material, together with video, interviews and articles. Unique content material created by investorideas is protected by copyright legal guidelines apart from syndication rights. Our web site doesn’t make suggestions for purchases or sale of shares, providers or merchandise. Nothing on our websites must be construed as a proposal or solicitation to purchase or promote merchandise or securities. All investing includes threat and doable losses. This web site is at present compensated for information publication and distribution, social media and advertising, content material creation and extra. Disclosure is posted for every compensated information launch, content material printed /created if required however in any other case the information was not compensated for and was printed for the only curiosity of our readers and followers. Contact administration and IR of every firm straight relating to particular questions.
Extra disclaimer data: https://www.investorideas.com/About/Disclaimer.asp Study extra about publishing your information launch and our different information providers on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
World traders should adhere to laws of every nation. Please learn Investorideas.com privateness coverage: https://www.investorideas.com/About/Private_Policy.asp