Granite Creek Copper Reports Metallurgical Results in Support of Updated PEA at Carmacks Copper-Gold Project in Yukon, Canada

VANCOUVER, BC /ACCESSWIRE/January 10, 2023/ Granite Creek Copper Ltd. (TSXV: GCX | OTCQB: GCXXF) (“granite stream“or the”Firm“) is happy to report constructive metallurgical ends in assist of the upcoming Preliminary Financial Evaluation (“PEA”) for the Carmacks Copper-Gold-Silver Challenge (“the Challenge” or “Carmacks Challenge”) positioned within the Minto Copper District, throughout the conventional territories of the Little Salmon Carmacks First Nation and Selkirk First Nation, Yukon Canada.

Metallurgical testing by SGS Vancouver Metallurgy (“SGS”) helps a streamlined froth flotation course of for the restoration of copper, gold and silver from sulphide and oxide ores at Carmacks. These checks reveal distinctive restoration ranges and focus grades in sulphide solely and combined sulphide/oxide samples, which might be utilized by the mine. The checks have been carried out on samples consisting of supplies by which the copper was primarily current in oxide minerals, the place the copper was primarily current as sulfide minerals, and on samples which have been a mix of oxide and sulfide minerals. Desk 1 under highlights chosen outcomes of those checks:

Desk 1 – Flotation Restoration and Focus Grade.

	Restoration %			Focus Class
Pattern	Cu	At	AG	Cu %	August/t	Ag g/t
Sulfide/oxide combination1	82.0	70.1	68.6	40.1	10.6	104
Sulfide pattern2	93.7	69.0	78.4	42.7	7.7	117
Oxide pattern3	39.8	57.5	37.4	26.2	13.6	93

1. ^{Locked cycle flotation on a pattern combination composed of 60% sulphide and 40% oxide.}
2. ^{The sulphide ore graded 0.92% Cu, 0.67% S and 0.24 g/t Au. The gold and copper grades calculated from the flotation checks agreed effectively with the direct head assays.}
3. ^{The oxide ore graded 0.60% Cu, 0.06% S and 0.25-0.82 g/t Au indicating that gold nuggets could exist. Nonetheless, the gold content material calculated from the flotation checks was constantly between 0.20 g/t and 0.23 g/t with a mean of 0.21 g/t. Locked cycle checks weren’t carried out on the oxide samples.}

The take a look at work produced a really clear, premium focus that types the metallurgical foundation for the PEA course of flowsheet, which the corporate expects to launch by the tip of the present quarter. Optimization of flotation and an financial evaluation of goal copper grade versus restoration have been really useful by SGS and might be thought of in future take a look at work.

President and CEO Tim Johnson stated, “Constructing on the success of the sulphide flotation trials accomplished in 2021, this research immediately helps the PEA to contemplate a simplified flowchart consisting of a well-established froth flotation for elevated general recoveries on the Carmacks Challenge. Metallurgy is a key a part of the upcoming EEP and with this necessary work accomplished, we sit up for delivering the up to date research to the market within the present quarter. »

Selection

Granite Creek additionally publicizes that, topic to TSX Enterprise Alternate approval, it has granted 1,250,000 incentive inventory choices to administrators, officers, workers and consultants of the Firm, as a part of its long-term incentive plan. The choices could also be exercised for a most of 5 years, expiring on January 10, 2028 and every possibility will entitle the holder to buy one widespread share of the Firm at a worth of $0.08 per share.

About Granite Creek Copper

Granite Creek, a member of the Metallic Group of Corporations, is a Canadian exploration firm centered on the 176 sq. kilometer Carmacks mission within the Minto copper district of Canada’s Yukon Territory. The mission is on-trend with the high-grade Minto copper-gold mine, operated by Minto Metals Corp., to the north, and provides wonderful infrastructure entry with close by paved Yukon Freeway 2, in addition to a electrical community inside 12 km. Extra details about Granite Creek Copper might be discovered on the corporate’s web site at www.gcxcopper.com.

FOR MORE INFORMATION, PLEASE CONTACT:

Timothy Johnson, President and CEO
Phone: 1 (604) 235-1982
Toll free: 1 (888) 361-3494
E-mail: This e-mail handle is protected against spam. You want JavaScript enabled to view it.
Web site: www.gcxcopper.com
Twitter: @yukoncopper

Certified individuals

Ms. Debbie James, P.Geo., a Certified Particular person for the needs of Nationwide Instrument 43-101, has reviewed and authorized the technical disclosure contained on this press launch. Ms. James is Principal Geologist at TruePoint Exploration and Challenge Supervisor at Carmacks.

Ahead-looking statements

This press launch comprises sure statements that could be thought of “forward-looking statements”. All statements contained on this launch, apart from statements of historic truth, together with, with out limitation, statements relating to potential mineralization, historic manufacturing, mineral useful resource estimate, achievement of mineral useful resource estimates , the interpretation of previous and potential exploration outcomes, the timing and success of exploration actions usually, the timing and outcomes of future useful resource estimates, allowing timelines, metallic costs and charges change charges, availability of capital, authorities regulation of exploration operations, environmental dangers, reclamation, title and the Firm’s future plans and targets are forward-looking statements that contain varied dangers and uncertainties. Though Granite Creek Copper believes that the expectations expressed in these forward-looking statements are primarily based on cheap assumptions, these statements will not be ensures of future efficiency and precise outcomes or developments could differ materially from these contained within the forward-looking statements. Ahead-looking statements are primarily based on plenty of necessary elements and assumptions. Components that would trigger precise outcomes to vary materially from these within the forward-looking statements embrace the shortcoming to acquire needed approvals, unsuccessful exploration outcomes, adjustments in mission parameters as plans proceed to unfold. be refined, the outcomes of future useful resource estimates, future metallic costs, the provision of capital and financing on acceptable phrases, basic financial, market or enterprise situations, dangers related to regulatory adjustments, defaults in title, well timed availability of personnel, supplies and tools, accidents or tools failures, uninsured dangers, delays in receiving authorities approvals, unexpected environmental impacts on operations and prices to treatment them, and different exploration or different dangers detailed right here and once in a while in paperwork filed by r firms with securities regulators. Readers are cautioned that Mineral Assets that aren’t Mineral Reserves would not have demonstrated financial viability. Mineral exploration and mine growth are inherently dangerous actions. Accordingly, precise occasions could differ materially from these projected within the forward-looking statements. For extra details about Granite Creek Copper and the dangers and challenges of its enterprise, traders ought to seek the advice of their annual filings which can be found at www.sedar.com.

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.