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Granite Creek Copper (TSXV:GCX) discusses updated PEA

Mining, Sponsored, The Watchlist
TSXV:GCX
28 June 2022 13:45 (EDT)

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In 2017, Copper North Mining (CGX) commissioned JDS Energy & Mining to complete a Preliminary Economic Assessment (PEA) for the Carmacks Project.

The Carmacks project is located 192 km north of Whitehorse Yukon.

President & CEO Tim Johnson sat down with Sabrina Cuthbert to discuss the significance of the latest PEA, how it differs from the 2017 PEA and the role it will play in reevaluating the company.

The updated PEA released in March includes a resource estimate of 36 million tons, three times the amount contemplated in the original PEA. And for the first time, the company is looking at processing both oxide and sulfide resources.

Despite being located in Yukon, the project is situated close to hydroelectric power and accessible via an all-weather road maintained by the Yukon government.

Granite Creek Copper is a Canadian exploration company focused on its 100 per cent-owned, high-grade Carmacks copper-gold-silver project, south of the operating Minto mine in Canada’s Yukon Territory.

Granite Creek Copper Ltd. (GCX) opened trading at C$0.085.

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