Granite Creek Copper to Acquire Copper North Mining
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Granite Creek Copper and Copper North Mining have entered into a definitive arrangement agreement where Granite Creek has agreed to acquire all of the outstanding Copper North common shares under the British Columbia Business Corporations Act. Upon completion of the arrangement, Granite Creek will control a large regional land package, including the advanced-stage Carmacks Copper Project and the highly prospective Stu Copper-Gold Project, in Canada’s Yukon Territory. The combined land package will cover approximately 176 square kilometres within the Minto Copper District.
“Since early 2019, Granite Creek has moved quickly to advance and enhance its position in the Minto Copper district. Upon completion of the arrangement, the combined company will have consolidated 176 square kilometers of the district including the mineral resources previously confirmed on the PEA-stage Carmack copper deposit and the highly prospective Stu Project,” said Tim Johnson, Granite Creek CEO.
“With the second-largest land package in the district with an advanced project, Granite Creek is positioned to rapidly develop the overall potential of its holdings and is evaluating the potential for initiating a diamond drill program on high-priority targets at Stu,” added Johnson.
About Granite Creek
Granite Creek is a Canadian exploration company focused on the 100 percent owned Stu Copper-Gold project located in the Yukon’s Minto Copper District. This 115 square kilometer property is on trend with Pembridge Resources’ high-grade Minto Copper-Gold Mine to the north and Copper North’s advanced-stage Carmacks Copper-Gold-Silver project. The project has excellent access to infrastructure with the paved Yukon Highway 2 within 60 km, along with grid power within 12 km.
To stop by Granite Creek’s website, CLICK HERE
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