GRANITE CREEK COPPER LTD - GCXXF STOCK NEWS

Granite Creek Copper Ltd. has announced the successful completion of Phase 2 of its 2021 drilling program at the Carmacks deposit, which included 20 reverse circulation drilling holes. The company is now initiating Phase 3, focusing on Zone 2000S, following encouraging results indicating a significant mineralization intercept of 1.18% CuEq over 105.52 meters. The upcoming Phase aims to expand resources and support mine planning, with an updated mineral resource estimate expected in Q1 2022.

Granite Creek Copper Ltd. announced significant results from drill hole CRM21-011 at the Carmacks project, intersecting 1.18% CuEq over 105.52 meters, including a high-grade section of 2.55% CuEq over 21.22 meters. The drill results extend mineralization in Zone 2000S, indicating potential for over 100 meters of resource expansion below the current model. The company is also preparing an updated NI 43-101 mineral resource estimate as it advances its drilling program, aiming to enhance resource tonnage and grade.

Granite Creek Copper Ltd. (TSX.V:GCX)(OTCQB:GCXXF) announces the first assay results from Phase 1 of its 2021 drilling program at the Carmacks project, involving 19 diamond drill holes over 6,355 meters. The program aims to upgrade the sulphide resources and evaluate mineralization continuity. CEO Tim Johnson highlighted plans for a Phase 3 drilling initiative, expanding total drilling to 10,000 meters and 3,000 meters of reverse circulation drilling. Successful assays could enhance the project's mineral resource estimate and form the basis for a new Preliminary Economic Assessment.

Granite Creek Copper (OTCQB: GCXXF), based in Vancouver, Canada, is set to present live at VirtualInvestorConferences.com on July 29 at 1:30 PM ET. This event allows investors to engage and ask questions in real-time. A recording will be available afterward for those who cannot attend. The company is currently conducting a drilling program of approximately 13,000 meters, with assay results expected in Q3 and Q4. An updated 43-101 resource estimate and economic study are targeted for release in Q4 and early Q1 2022, respectively.

Granite Creek Copper has contracted Sedgman and Mining Plus to optimize trade-off studies for its Carmacks project. These analyses will lead to a revised economic assessment following a 10,000-meter drill program currently underway. The focus will be on the Oxide and Sulphide Zones, examining mining scenarios and ore sorting options to enhance project fundamentals. The studies aim to deliver actionable insights for future exploration, with results expected in approximately 8 weeks. President Tim Johnson emphasizes the potential for significant improvements amid rising copper prices.

Granite Creek Copper Ltd. (OTCQB:GCXXF) announced the mobilization of two drill rigs to its Carmacks copper-gold-silver project in Yukon, Canada, commencing a 2021 drill campaign. The plan includes up to 10,000 meters of drilling aimed at upgrading inferred resources to indicated and exploring new resource areas. The 2020 drill program reported significant intercepts, including 127 meters of 0.85% Copper Equivalent. The company aims to expand its resources, with the current estimate at 446 million pounds Cu and potential for a multi-billion-pound copper system.

Granite Creek Copper Ltd. (GCXXF) has partnered with GoldSpot Discoveries Corp. to enhance exploration at its Carmacks and Carmacks North project in Canada's Yukon Territory. This collaboration will utilize GoldSpot's AI technology to optimize geological data analysis, targeting a drill campaign set to begin in May 2021. The company recently completed a private placement issuing 5,000,000 flow-through shares at $0.28 each, raising capital for exploration activities. Granite Creek is focused on advancing its projects in the high-grade Minto copper district, emphasizing potential new discoveries.

Granite Creek Copper Ltd. has announced its uplisting to the OTCQB Venture Market under the symbol GCXXF, effective March 16, 2021. This upgrade from the OTC Pink Sheets aims to enhance liquidity and attract U.S. investors. By meeting the OTCQB's stricter requirements, the company benefits from Blue-Sky exemptions, potentially increasing trading volumes. President & CEO Tim Johnson highlighted the timing with the strong copper market, positioning Granite Creek favorably for new investments in its Carmacks and Carmacks North projects in Yukon.