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As of 2:31 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

granite creek gold ltd (GCX) Snapshot

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granite creek gold ltd (GCX) Details

Granite Creek Gold Ltd. acquires, explores, and develops mineral properties in Canada. It primarily explores for gold, copper, molybdenum, and silver ores. The company has option to acquire 100% interests in the Malian projects comprising Niaouleni gold concession covering 94 square kilometers situated in the Western part of Mali, West Africa; and Darsalam gold concession, including 75 square kilometers located in the Western part of Mali, West Africa. It also holds an option to acquire a 100% interest in the Troitsa property covering approximately 5,611 hectares located in central British Columbia. The company was incorporated in 2010 and is headquartered in Vancouver, Canada.

Founded in 2010

granite creek gold ltd (GCX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$54.0K
Compensation as of Fiscal Year 2014.

granite creek gold ltd (GCX) Key Developments

Granite Creek Gold Announces Executive Changes

Granite Creek Gold announced that Keon Kwan has tendered his resignation as chief financial officer in order to seek other opportunities. Kwan will remain on company's board of directors. The company's board has appointed Michael Rowley as its new CFO. Rowley is currently president and CEO of Group Ten Metals, as well as a director and audit committee member of Bravada Gold.

Granite Creek Gold Ltd. Announces Program Results on Niaouleni Gold Concession

Granite Creek Gold Ltd. announced the receipt of results from its previously announced check sampling program on the Niaouleni concession, located in western Mali. A metallic screen procedure on a 1,000 gram sample split was chosen to see if the suspected nugget effect in the gold assaying could be countered. Core boxes, containing core from drilling programs conducted by previous operators, were located and selectively re-sampled. All remaining material, including fines, was sampled in order to counter the effect of losing fine gold sinking to the bottom of the box and, therefore, not being assayed. The sampling confirmed intermediate grades as reported by previous operators and showed a slight statistical variance when averaged across a drill intercept. The nugget nature of the high grade gold assaying was confirmed, which is evident when looking at individual higher grade intercept samples, which were significantly reduced. In contrast, most of the low values reported in the old reports show significantly higher gold numbers due to the fine gold remainder in the boxes. According to the opposite effects of nuggets and fines, no significant increase of the average grade was noted. Material being processed by orpailleurs (local miners using hand tools) was also sampled with 1 sample of fresh material assaying 2.97 g/t Au, and two samples of reject material assaying 0.1 g/t Au and 0.13 g/t Au, respectively. Granite Creek continues to review data on the project including information surrounding geochemical anomalies identified by previous operators that have not yet been drill tested.

Granite Creek Gold Ltd. Identifies Platinum Group Metals Potential on Darsalam Project located in Mali, West Africa

Granite Creek Gold Ltd. announced that it has identified a geological setting for nickel and platinum group metals on its Darsalam Project located in Mali, West Africa. A program of geological mapping, which included soil and rock sampling, was originally undertaken by the Company in order to explore for gold that had been reported from various intersections in previous drilling. Also during the program, gabbro and ultramafic rocks were found over an extensive area and grab samples of these rock types were taken and assayed for possible nickel and related minerals. Of the 21 rock samples taken, 11 returned anomalous concentrations of nickel from 158 to 1130 ppm and 9 samples ranged from 50 to 160 ppb platinum. These samples are contained in an area which is roughly 15 km long and 1 to 2 km wide. Recently, the Company applied for an additional 100 sq km concession to the west of the current Darsalam concession to cover areas of projected extensions of the gabbro and ultramafic rocks. An initial program is being planned to consist of stream sediment sampling, rock sampling and geological mapping to further delineate the ultramafic rocks and outline the areas where there is nickel and platinum group metals potential.


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