Lion One Metals

Granite Creek Copper and Copper North Mining Corp. enter into Data-Sharing Agreement

VANCOUVER, British Columbia, April 01, 2019 (GLOBE NEWSWIRE) -- Granite Creek Copper Ltd. (TSX.V: GCX) (“Granite Creek”) and Copper North Mining Corp. (TSX.V: COL) (“Copper North”) (the “Companies”) are pleased to announce they have entered into a comprehensive data-sharing agreement (the “Agreement”), with respect to existing mineral exploration data on the companies’ adjoining mineral claims in the Carmacks Copper District of Canada’s Yukon Territory.

Granite Creek and Copper North control the Stu Cu-Au-Ag project and Carmacks Cu-Au-Ag project, respectively, and have valuable information relating to their properties, some of which may be of a confidential nature. The Companies have agreed to share this information to develop a greater understanding of the geologic nature of the projects, as well as the potential for developing economic mineral deposits in the broader Carmacks Copper District, as a whole.

Granite Creek President & CEO, Tim Johnson, stated, “We are very pleased to have entered into this important and mutually-beneficial agreement with Copper North. The Company feels that a cooperative approach to exploration and development within the Carmacks Copper District is the best way to advance projects and add shareholder value. The long history of exploration on the Carmacks Cu-Au-Ag project and the extensive database developed with respect to exploration methods, mineralization, geology and deposit characteristics will be invaluable to Granite Creek and enable us to fast-track our own exploration efforts. Together with the recently acquired historic database on the Stu project, this information will allow us to build a solid geological model and enable rapid identification of priority exploration and drill target areas for our planned programs in 2019 and beyond.”

Copper North President and CEO, Doug Ramsey, stated “We have been very successful in growing our Carmacks project mineral resource over the past few years, based on known areas of mineralization. Our future exploration programs on the property will greatly benefit from the expanded understanding of mineralization, geology, and deposit characteristics in the Carmacks Copper District made possible through this data-sharing agreement.”

About Granite Creek Copper

Granite Creek Copper is a Canadian copper-focused exploration company whose flagship asset is the 100%-owned Stu Cu-Au-Ag project located in the Carmacks Copper District of Canada’s Yukon Territory. The property, which covers 111 square kilometres, is adjacent to Capstone Mining’s high-grade Minto Cu-Au-Ag Mine and Copper North’s advanced-stage Carmacks Cu-Au-Ag project. More information about the Company and the Stu project can be viewed on the Company’s website at www.gcxcopper.com.

About Copper North Mining

Copper North Mining Corp. is a Canadian mining exploration and development company focused on transforming the 100%-owned advanced-stage and high grade Carmacks Cu-Au-Ag project into a low-cost copper and precious metals producer. Learn more about the company and our Carmacks Project at www.coppernorthmining.com.

About the Carmacks Copper District

The Carmacks Copper District is a 180 km long by 60 km wide belt of intrusion related, high-grade Cu-Au-Ag deposits within the Dawson Range in the central Yukon Territory of Canada. The District is host to Capstone’s Minto Mine, currently on care and maintenance, and Copper North’s advanced-stage Carmacks Copper Project. Granite Creek’s Stu Project lies between these projects, with copper mineralization contained in foliated to gneissic granodiorite, similar to the Minto mine & the Carmacks Copper Deposit, generally.

FOR FURTHER INFORMATION PLEASE CONTACT:

Granite Creek Copper 
Timothy Johnson, President 
Telephone:   1 (604) 235-1982                   
Toll Free:      1 (888) 361-3494                    
E-mail:                    This email address is being protected from spambots. You need JavaScript enabled to view it.
Website:                www.gcxcopper.com
Metallic Group:    www.metallicgroup.ca

Copper North Mining Corp.
Doug Ramsey, President and CEO
Telephone:   1 (604) 398-3452
Toll Free:       1 (844) 401-2644
E-mail:           This email address is being protected from spambots. You need JavaScript enabled to view it.
Website:       www.coppernorthmining.com 

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.

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

Granite Creek Copper

Last Trade: C$0.205
Daily Change: -0.02 -8.89
Daily Volume: 147,100
Market Cap: C$19.790M
Granite Creek Copper Announces Increase of Private Placement for Total Proceeds of up to $5.2 Million
Granite Creek Copper Announces C$4.3 million Private Placement Financing with Canaccord Genuity as Advisor
Granite Creek Copper Drills 127 meters of 0.85% Copper Equivalent and 4.6m of 7.51% Copper Equivalent at Carmacks/Carmacks North Project in Yukon, Canada
Year-End Letter from Granite Creek Copper
Granite Creek Copper Engages Independent Trading Group as Market Maker
Granite Creek Copper Strengthens Board of Directors and Technical Advisory Board, Applies for Uplisting to the OTCQB and DTC Eligibility
Granite Creek Copper Shares Temporarily Delisted Due to TSX Technical Error
Granite Creek Copper Updates on Fall Drill Program and Releases New Corporate Presentation
Granite Creek Copper Completes Acquisition of Copper North Mining and Consolidates Southern Portion of Minto Copper Belt in Yukon, Canada
Granite Creek Copper Comments on Copper North Court Approval for Plan of Arrangement
Granite Creek Copper Closes Second Tranche of Private Placement Financing and Provides Update on Ongoing Drilling at the Stu Copper-Gold Project in Yukon, Canada
Granite Creek Copper Closes First Tranche of Private Placement Financing and Launches Inaugural Drilling Campaign at Stu Copper-Gold Project in Yukon, Canada

BUNKER HILL MINING (CSE: BNKR)

Bunker Hill Mining

Bunker Hill Mining has the exclusive lease and option to purchase the Bunker Hill Mine- a large scale resource and patented land package located in Northern Idaho’s prolific Silver Valley. With the arrival of a new leadership team in 2020... LEARN MORE