Granite Creek Options Additional Malian Gold Concession
20 5월 2014 - 10:30PM
Marketwired Canada
Granite Creek Gold Ltd. (TSX VENTURE:GCX) (the "Company") is pleased to announce
the acquisition of a new gold concession, the 16 sq km Bourdala Sud Ouest
Concession (the "Concession), located in Mali, West Africa. The Concession is
located 45 Km SW of the Sadiola Gold mine, owned by AngloGold and Iamgold, and
46 km north of Rangold's Loulo mine. Granite Creek has been granted the option
to acquire a 100% interest in the concession by making staged payments totalling
approximately $120,000 over a five year period. There is also a 1% net smelter
royalty on any production from the Concession.
Drilling on the Concession by previous operators intersected 10.0 meters of 3.92
g/t gold and 8.0 meters of 8.63 g/t gold in Drill Hole 6CL. Eight additional
holes were drilled along a northwesterly trend and 5 intersected mineralization.
(See historic drilling map available on the Company's website
www.granitecreekgold.com/n/index.php/projects/BSW)
Interpretation of existing airborne magnetic data combined with information
recently gathered by the Company's Malian geologist and board member, Mamadou
Keita, has yielded possible insights into the trend of mineralization in the
Concession.
Interpretation of the airborne magnetic map of the area indicates a major
northeasterly lineament through the Concession with 3 northwesterly offshoots.
Mapping of recent orpaillage (areas of pits hand-dug by local miners or
orpailleurs in the search for gold) by Mr. Keita displays a northwest-southeast
trend and covers an area of up to 300 metres wide by over 1,000 metres long.
This area coincides with one of the northwest-southeast magnetic offshoots. The
Company's initial work on the Concession will consist of sampling and mapping
areas around the areas of orpaillage.
In other matters, the program of geological mapping, soil and rock sampling on
the Darsalam Project announced on Apr. 17, 2014 is progressing well with crews
active on the project. Field work will likely wrap up in the next two weeks and
with collected samples submitted for assay.
The Company also wants to announce that as a part of its increased focus on gold
projects in West Africa it is seeking joint venture partners for all its BC
projects. More information can be found about these projects on the Company's
website.
Dr. Mathias Westphal, P.Geo, a Qualified Person as defined in National
Instrument 43-101 has reviewed and approved the technical information in this
news release.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the business of
acquiring and carrying out exploration on mineral properties, especially those
with precious metals potential, with the goal of establishing a mineable mineral
resource. Granite Creek's Malian projects consist of the 75 sq km Darsalam gold
concession on which it has an option to acquire a 100% interest in; and the
newly acquired 16 sq km Bourdala Sud Ouest gold concession on which it also has
an option to acquire a 100% interest. The Company also has projects in British
Columbia consisting of the gold/copper/molybdenum Taseko Property, 225 km north
of Vancouver, BC, on which it has an option to acquire a 70% interest; the 100%
owned 654 ha Railway Property, a copper project in the highly prospective
Stikine arch area of northwestern BC; and the 5611 ha Troitsa Property, a
copper/molybdenum/gold/silver property located in central BC, on which it has an
option to acquire a 100% interest.
This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to regulatory
approvals, exploration programs, and other future plans, objectives or
expectations of the Company are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or
expectations include the Company's ability to obtain regulatory approval and to
complete its exploration programs on schedule and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Timothy Johnson, President
604-569-2430
info@granitecreekgold.com
www.granitecreekgold.com
Granite Creek Copper (TSXV:GCX)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Granite Creek Copper (TSXV:GCX)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
Granite Creek Copper Ltd (TSX 벤처 거래소)의 실시간 뉴스: 최근 기사 0
More Granite Creek Gold Ltd. News Articles