Granite Creek Copper
Financials:
Primary ticker: TSXV:GCX
Stage of development: Exploration
Primary minerals: Gold, Copper, Silver
Project to promote: Carmacks Copper-Gold-Silver project
Project location: Canada
Website: www.gcxcopper.com
Corporate presentation: Click here
Corporate video: Click here
Granite Creek Copper is a Canadian exploration company focused on the 176 square kilometer Carmacks project in the Minto copper district of Canada’s Yukon Territory. The project is on trend with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., to the north, and features excellent access to infrastructure with the nearby paved Yukon Highway 2, along with grid power within 12 km. An updated 43-101 resource estimate expected is expected Q1, followed by an updated economic study.
Cash: C$2M
Debt: /
Major shareholders:
Management Ownership – 16%
Management Profile
Tim Johnson – President & CEO
Mr. Johnson has over 25 years experience in the mineral exploration industry ranging from grassroots prospecting to consulting company operation and public company management. As a founder and manager of Arcmin Enterprises he helped a northern British Columbia First Nation build a labour service company employing over 180 people providing entry level and skilled workers to exploration and development projects in BC’s golden triangle. Mr. Johnson is also a director of Mosaic Minerals.
What is your rationale for taking part 121 Mining Investment?
Granite Creek will be announcing an updated resource estimate in Q1 2022, followed shortly thereafter by an updated PEA. The company will be looking both for market support and institutional equity financing to further advance the project during this year’s field season and beyond.
What recent news would you like to highlight to investors attending?
Drill results are pending along with announcement of updated resource estimate. The company announced first drill results from our 2021 program in late October, results from mine planning studies and metallurgical study results.
What are your key goals for the next 3, 6 and 12 months?
3 Months:
Updated resource estimate, updated PEA
6 Months:
Financing, launch of aggressive 2022 drill campaign
12 Months:
potential further expansion of resource, new deposit definition outside current resource area
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Funding risk. Overcome by our demonstrated ability to raise capital.
Personnel: Ability to secure drillers/crew via early planning.
What do you think makes your company such a compelling investment?
Under-valued relative to peers on EV/lb basis. Market not yet recognizing Carmacks for its compelling grade and potential scale in a tier 1 Canadian mining jurisdiction.
What are the top key investor takeaways?
High-grade, brownfields copper-gold-silver project in Yukon, Canada
Updated/expanded 43-101 resource estimate expected in Q1 2022, PEA update to follow
Excellent access to infrastructure with high-grade producer just to the north.