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News Update

TICKERS: GCX; GCXXF

Copper Explorer Submits Core Samples from Yukon Project for Assaying
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Once Granite Creek Copper receives the results, it will plan a 2021 resource definition drill program.

In a news release, Granite Creek Copper Ltd. (GCX:TSX.V; GCXXF:OTC) provided an update on the inaugural diamond drilling and trenching program now underway at its Stu copper-gold project in the Yukon. The purpose is to follow up and expand on historical drilling done in the high-grade A zone by another operator in 1980.

The Vancouver-based copper firm has already submitted core samples from the initial drill holes for assaying, results of which are expected in late November at the earliest. Once received, Granite Creek will incorporate those data with results from its summer 2020 relogging and reassay program to plan next year's resource delineation drill campaign.

"With the data obtained from the current program added to historic drilling on the Stu project, we will be in a strong position to launch a resource definition drill program in 2021," President and CEO Tim Johnson said in the release.

Another expectation of Granite Creek is that the acquisition of Copper North, including its advanced-state Carmacks copper deposit, also located in the Yukon, will close in mid-November 2020.

Also in the news release, the copper company announced that it completed the second and final tranche of its recent private placement. From both tranches, it generated about CA$1.99 million in total proceeds.

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Granite Creek Copper. Click here for important disclosures about sponsor fees.
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