Granite Creek Copper Ltd. (GCX:TSX.V) received an exploration permit for its Stu copper-gold project in the Yukon's Minto Copper District and began mobilizing exploration crews, it announced in a news release.
The 10-year, class 4 permit allows for exploration of 68 square kilometers of the northern portion of the Stu property, which encompasses the priority A and B zones. The permit also allows for trenching, road construction, upgrading and up to 100,000 meters of diamond drilling and 60,000 meters of reverse circulation drilling.
The two exploration permits Granite Creek Copper now has cover 95% of its claims there. Thus, the new permit "gives us the ability to maximize the efficiency of our programs for this year and subsequent years by enabling our teams to immediately work on our highest priority target areas," President and CEO Tim Johnson said in the release. "We are excited to review the internal geological model and use that model to drive future programs as we uncover new information from across the property."
Next for Vancouver, British Columbia-based Granite Creek and Stu is a field program to include historical core re-sampling, soil sampling for precious metals and identifying drill sites for followup diamond drilling, the company reported. The purpose of these efforts is to obtain initial data to be used in advancing the historical drilling area to a resource and identifying additional drill targets.
To discuss this imminent 2020 exploration work and company updates, Granite Creek has a webinar scheduled for July 2.
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