General Copper Gold Announces the Commencement of Further Exploration Following the Initial Drill Program That Successfully Targeted an Untested IP Anomaly and Intersected Copper Mineralization of 0.5% over 76.95m
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.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) ha annunciato ulteriori esplorazioni a seguito del suo programma di perforazione iniziale che ha mirato con successo a un'anomalia IP non testata. Il programma ha intersecato mineralizzazione di rame dello 0,5% su 76,95 m in uno dei fori. Tutti e tre i fori hanno intersecato la struttura identificata del Target 1, che rimane aperta in tutte le direzioni.
L'azienda prevede di registrare e analizzare un nucleo di perforazione non testato vicino alla superficie con indicazioni di solfuri fini e altri minerali associati alla mineralizzazione dell'oro. È previsto anche un programma di perforazione a diamante autunnale per seguire i precedenti lavori di perforazione e nuove analisi.
Inoltre, General Copper Gold ha organizzato un collocamento privato non mediato per raccogliere fino a 500.000 dollari tramite l'emissione di unità a 0,05 dollari ciascuna, costituite da una comune azione e un warrant esercitabile a 0,10 dollari per due anni.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) ha anunciado más exploraciones tras su programa de perforación inicial que apuntó con éxito a una anomalía IP no probada. El programa intersectó mineralización de cobre del 0.5% sobre 76.95 m en uno de los agujeros. Los tres agujeros intersectaron la estructura identificada del Objetivo 1, que sigue abierta en todas las direcciones.
La empresa planea registrar y analizar un núcleo de perforación no probado cerca de la superficie con indicios de sulfuros finos y otros minerales asociados con la mineralización de oro. También se planea un programa de perforación con diamante en otoño para continuar con las perforaciones previas y nuevos análisis.
Además, General Copper Gold ha organizado un colocación privada no mediada para recaudar hasta 500,000 dólares mediante la emisión de unidades a 0.05 dólares cada una, consistentes en una acción común y un warrant ejercitable a 0.10 dólares durante dos años.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF)는 추가 탐사를 발표했습니다. 이는 성공적으로 테스트되지 않은 IP 이상을 목표로 한 초기 시추 프로그램 이후입니다. 이 프로그램은 하나의 구멍에서 76.95m에 대해 0.5%의 구리 광물화를 교차했습니다. 세 개의 구멍 모두 Target 1의 확인된 구조를 교차했으며, 이 구조는 모든 방향에서 열려 있습니다.
회사는 금 광물화와 관련된 미세 황화물 및 기타 광물이 있는, 테스트되지 않은 지표 근처의 시추 코어를 기록하고 분석할 계획입니다. 또한 이전 시추 및 새로운 분석을 뒤따르기 위해 가을 다이아몬드 시추 프로그램도 계획되어 있습니다.
또한, General Copper Gold는 500,000달러까지 모금하기 위한 비중개 사모 배치를 마련했습니다. 이는 각 0.05달러에 발행되는 유닛으로 구성되며, 일반 주식 1주와 2년 동안 0.10달러로 행사 가능한 워런트 1개로 이루어져 있습니다.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) a annoncé d'autres explorations suite à son programme de forage initial qui a réussi à cibler une anomalie IP non testée. Le programme a croisé une minéralisation de cuivre de 0,5% sur 76,95 m dans l'un des trous. Les trois trous ont croisé la structure identifiée de la Cible 1, qui reste ouverte dans toutes les directions.
L'entreprise prévoit de consigner et analyser un noyau de forage non testé, près de la surface avec des indications de sulfures fins et d'autres minéraux associés à la minéralisation d'or. Un programme de forage à diamant d'automne est également prévu pour faire suite à des forages précédents et à de nouvelles analyses.
De plus, General Copper Gold a organisé un placement privé non intermédiaire pour lever jusqu'à 500 000 dollars par l'émission d'unités à 0,05 dollar chacune, composées d'une action ordinaire et d'un bon de souscription pouvant être exercé à 0,10 dollar pendant deux ans.
General Copper Gold Corp. (CSE: GGLD, OTCQB: GNRGF) hat weitere Erkundungen angekündigt, nachdem das anfängliche Bohrprogramm erfolgreich eine ungetestete IP-Anomalie angepeilt hat. Das Programm schnitt Kupfermineralisierung von 0,5% über 76,95 m in einem der Löcher. Alle drei Löcher durchdrangen die identifizierte Struktur von Ziel 1, die in alle Richtungen offen bleibt.
Das Unternehmen plant, untested Bohrkerne in der Nähe der Erdoberfläche zu erfassen und zu analysieren, mit Hinweisen auf feine Sulfide und andere Mineralien, die mit der Goldmineralisierung assoziiert sind. Ein Herbst-Diamantbohrprogramm ist ebenfalls geplant, um die vorherigen Bohrungen und neuen Analysen fortzusetzen.
Darüber hinaus hat General Copper Gold eine nicht vermittelte Privatplatzierung organisiert, um bis zu 500.000 Dollar zu beschaffen, durch die Ausgabe von Einheiten zu 0,05 Dollar pro Stück, bestehend aus einer Stammaktie und einer für zwei Jahre zu 0,10 Dollar ausübbaren Warrant.
- Successful initial drill program intersected copper mineralization of 0.5% over 76.95m
- All three holes intersected the identified structure of Target 1, which remains open in all directions
- Planned further exploration and additional analysis of untested drill core
- Non-brokered private placement to raise up to $500,000 for general corporate purposes
- Potential shareholder dilution due to the issuance of up to 10 million new units in the private placement
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2024) - General Copper Gold Corp. (CSE: GGLD) (FSE: 7S50) (OTCQB: GNRGF) (the "Company") is pleased to announce the commencement of further exploration and additional analysis following the Company's initial drill program. The drill program successfully targeted an anomaly, identified by their IP survey.
All three holes of this initial program successfully intersected the identified structure of Target 1, which remains open in all directions, along strike and down dip. The structure appears to be an altered shear zone, with significant quartz along with pyrite and pyrrhotite veins and chalcopyrite.
As part of the further exploration program the Company will log and assay untested, near surface drill core that on further examination has indications of fine sulphides and other indicator minerals associated with gold mineralisation.
Previous results from 2022 drill campaign are:
TM-22-03
From 151.05 to-228m, 76.95m of
TM-22-02
From 130.5 to-229.5m, 99m of
TM-22-01
From 131.5-208m, 76.50m of 0.38 % Cu
Including:
From 136-149.5m, 13.5m of
From 179.5-205m, 25.50m of
Planned 2024 Program
1: Once bonding is secured, the Notice of Work permit is valid for a period of 5 years.
2: The core has been moved to a central core facility in Houston, BC. On examination, of some of the previously drilled core sections many have oxidation (rust) that indicated fine sulfides not previously sampled. The Company is undergoing relogging with sampling and assay section not previously sampled. Certain samples will be rushed to help further define mineralized zones.
3: Plan fall diamond drill program to follow up on previous drilling and new assays.
The company also announces that it has arranged for a non-brokered private placement to raise up to
All securities issued under the private placement will be subject to a four-month resale restriction from the date of issuance. The completion of the private placement remains subject to the approval of the Canadian Securities Exchange.
Garry Clark, P. Geo., of Clark Exploration Consulting, is the "qualified person" as defined in NI 43-101, who has reviewed and approved the technical content in this press release.
District of British Columbia - Babine Copper-Gold Porphyry
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About General Copper Gold Corp.
General Copper Gold Corp. is an independent mineral exploration company based in Vancouver, British Columbia that is engaged in the business of exploring for and evaluating mineral properties.
General Copper Gold is currently exploring the 2,313-hectare Topley Richfield copper-gold property in British Columbia. Topley Richfield is a historic mining area with previous work carried out in 2008, 2015 as well as geophysical surveys in 2021. There are significant historical drilling intercepts, and the 2021 geophysics has highlighted further key highly prospective areas that have yet to be explored. Multiple drill targets have already been identified by the Company.
For further information, please contact:
General Copper Gold Corp.
Michael Curtis, President
T: (604) 639-4452
E: mcurtis@intrepidfinancial.ca
Reader Advisory
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the results and exploration of the Topley Richfield mineral property. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; and the other factors described in our public filings available at www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
The CSE has in no way passed upon the merits of the proposed transactions and neither has approved nor disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221475
FAQ
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