Granite Creek Co - GCXXF STOCK NEWS

Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) has announced the incorporation of Element One Hydrogen as a wholly owned subsidiary focused on geologic hydrogen exploration. The company is researching potential acquisitions in North America for both stimulated hydrogen from ultramafic rocks and subsurface hydrogen accumulations.

The company has also entered into an option agreement with 1508260 B.C. for the potential 100% acquisition of the Union Bay hydrogen project in Southeast Alaska. The project features a Ural-Alaska type ultramafic-mafic complex, ranging from dunite to gabbro. Previous exploration work included geological mapping, sampling, geophysical surveys, and drilling that identified platinum targets. Research indicates the olivine component in the ultramafic lithologies may support hydrogen production through water interaction at depth.

Granite Creek Copper has announced successful drill results from its 2024 campaign at the Carmacks copper-gold-silver project in Yukon, Canada. The company confirmed a new mineralized area called the Gap Zone, located between existing high-grade, pit-constrained resources. All four drill holes intercepted copper mineralization, with notable results including:

- Hole CRM24-027: 3.70m of 0.94% Cu, 0.12 g/t Au, 5.8 g/t Ag
- Hole CRM24-029: 14.85m of 0.51% Cu, including 4.40m of 0.77% Cu

The Carmacks project contains 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent within a 36.2 million tonne resource grading 1.07% CuEq. The project is strategically located near infrastructure, including the Freegold Road and within 20 km of the Yukon electrical grid.

Granite Creek Copper (TSX.V:GCX)(OTCQB:GCXXF) has announced two significant acquisitions in Alaska: the Union Bay PGM-Ni project and a Letter of Intent to acquire the Duke Island Cu-Ni-PGE project. Both projects show critical minerals mineralization and potential for carbon sequestration and geologic hydrogen production. The company will collaborate with Cornell University, led by Dr. Greeshma Gadikota, under a US Department of Energy ARPA-E grant to study geologic hydrogen. Additionally, the company has hired Greg Lynch P.Geo. to assist in identifying further acquisitions with geologic hydrogen potential.

Granite Creek Copper (TSXV:GCX)(OTCQB:GCXXF) has completed work at its Star project in British Columbia, Canada, focusing on rock and soil sampling in an area prospective for Ni-Cu-PGM mineralization. The company is collaborating with New England Research Inc. (NER) to study the potential for geologic hydrogen (Geo H2) production at the site.

NER is leading a $1.5 million project funded by the U.S. Department of Energy to develop technologies for subsurface hydrogen production. Granite Creek's samples will be used for laboratory analysis to optimize engineered stimulation of subsurface hydrogen. This collaboration aims to explore the potential of Alaskan-type ultramafic intrusions for producing economic amounts of clean, sustainable hydrogen.

While pursuing this new opportunity in Geo H2, Granite Creek remains focused on its high-grade Carmacks copper-gold project in Yukon, Canada, where assays from 2024 drilling are pending.

Granite Creek Copper (TSX.V:GCX)(OTCQB:GCXXF) has announced the discovery of a new mineralized zone, dubbed the Gap Zone, at its Carmacks copper-gold-silver project in Yukon, Canada. The discovery resulted from a 1420-metre drill program consisting of four holes. The Gap Zone, located between the proposed 147 and 2000S pits, was traced for approximately 170 meters and remains open along strike and at depth.

The company believes this discovery has the potential to add significant tonnage and extend the mine life outlined in the 2023 Preliminary Economic Assessment. The Carmacks project currently contains over 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent within a high-grade resource of 36.2 million tonnes grading 1.07% CuEq. Additionally, Granite Creek has issued 750,000 shares to the vendors of the LS molybdenum project as part of an earn-in agreement.

Granite Creek Copper (TSX.V:GCX)(OTCQB:GCXXF) has launched its 2024 drill campaign at the Carmacks copper-gold-silver project in Yukon, Canada. The program includes 1,800 meters of core drilling targeting new areas adjacent to existing high-grade, pit-constrained resources. Key focus areas include the Gap, Sourtoe, and Zone 4 targets. The Gap Target, lying between 147 and 2000 S zones, shows promising geophysical results with an Induced Polarization (IP) response nearly double that of the 147 Zone.

The Carmacks Project contains 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent within a high-grade resource of 36.2 million tonnes grading 1.07% CuEq. Recent work at Kemetco Research demonstrated improved recoveries, aligning with the 2022 Preliminary Economic Assessment's recommendations for increasing the project's Net Present Value (NPV).

Granite Creek Copper announces its 2024 exploration program for the Carmacks copper-gold project in Yukon, Canada. The 2024 field program involves up to 1800 meters of diamond drilling focused on new targets, including the Gap, Sour Toe, and Zone 1213 targets, refined by IP surveys, trenching, and soil sampling. The project spans 177 sq km and contains 824 Mlbs Measured and Indicated and 29 Mlbs Inferred copper equivalent metal. Additionally, the company seeks to extend the expiry date of certain warrants and has granted 1.29 million stock options to its team.