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General Copper Gold Corp. is an independent mineral exploration company based in Vancouver, British Columbia. The company is focused on exploring and evaluating mineral properties, with a current emphasis on the 2,313-hectare Topley Richfield copper-gold property in British Columbia. This property, located in the Omineca Mining Division of British Columbia, covers 2,313 hectares and consists of seven contiguous claims. The company recently completed the first option earn-in conditions, becoming the beneficial owner of a 50.1% interest in the property. General Copper Gold Corp. has issued 4 million common shares to Vertigo Partners Ltd., and under the terms of the Option Agreement, can earn up to a 100% interest in the property by issuing a total of 12 million common shares and $215,000 in cash payments. The property is known for its historical drilling intercepts and unexplored highly prospective areas.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) has announced the relogging of previously drilled holes at its Topley Richfield Project in British Columbia. This effort led to the identification of new zones of interest that were not previously sampled. A total of 156 new samples were taken from favorably altered peripheral shears, where chalcopyrite was noted. These samples have been submitted to ALS Geochemistry-Kamloops for analysis, with results expected soon.
CEO Michael Curtis expressed excitement about the potential of these overlooked zones and the upcoming assay results. The company believes this reexamination will provide more accurate data to guide future exploration efforts, aligning with their mission to maximize the potential of their exploration assets.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) has announced further exploration following its initial drill program that successfully targeted an untested IP anomaly. The program intersected copper mineralization of 0.5% over 76.95m in one of the holes. All three holes intersected the identified structure of Target 1, which remains open in all directions.
The company plans to log and assay untested, near-surface drill core with indications of fine sulphides and other minerals associated with gold mineralization. A fall diamond drill program is also planned to follow up on previous drilling and new assays.
Additionally, General Copper Gold has arranged a non-brokered private placement to raise up to $500,000 through the issuance of units at $0.05 each, consisting of one common share and one warrant exercisable at $0.10 for two years.
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