Granite Creek Issues an Update on Its Malian Gold Concessions
10 6월 2014 - 5:38AM
Marketwired
Granite Creek Issues an Update on Its Malian Gold Concessions
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) -
Granite Creek Gold Ltd. (the "Company") (TSX-VENTURE:GCX) is
pleased to announce the completion of the field portion in the work
program recently announced on its 75 sq km Darsalam concession,
located in Mali, West Africa.
During the program, 4 areas of orpaillage, where the local
miners dig pits in the search for gold, were located and mapped.
Over 440 soil samples and 114 rock grab samples were collected.
Samples have been submitted to the SGS Laboratory in Bamako for
analysis, results are pending.
The Company also announces that possible irregularities in
ownership of the Bourdala Sud Ouest gold concession have been
discovered. The Company has asked for clarification on some matters
from the vendors, and both parties have agreed to suspend the
acquisition agreement until the matter is resolved. The Company is
currently researching the matter.
During a recently completed visit to Mali, management met with
the owners of several gold concessions. After reviewing property
submissions, the Company has entered into exclusive negotiations on
two concessions. The Company looks forward to announcing more
acquisitions of gold concessions as it increases its focus on
Mali.
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 project consists of the 75 sq km Darsalam gold
concession on which it 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.
Granite Creek Gold Ltd.Timothy
JohnsonPresident604-569-2430info@granitecreekgold.com
Granite Creek Copper (TSXV:GCX)
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