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Granite Creek Copper and Copper North Mining make data-sharing agreement

Published by , Editorial Assistant
Global Mining Review,

Granite Creek Copper Ltd. and Copper North Mining Corp. have announced they have entered into a comprehensive data-sharing agreement with respect to existing mineral exploration data on the companies’ adjoining mineral claims in the Carmacks Copper District of Canada’s Yukon Territory.

Granite Creek and Copper North control the Stu Cu-Au-Ag project and Carmacks Cu-Au-Ag project, respectively, and have valuable information relating to their properties, some of which may be of a confidential nature. The companies have agreed to share this information to develop a greater understanding of the geologic nature of the projects, as well as the potential for developing economic mineral deposits in the broader Carmacks Copper District, as a whole.

Granite Creek president and CEO, Tim Johnson, stated, “We are very pleased to have entered into this important and mutually-beneficial agreement with Copper North. The company feels that a cooperative approach to exploration and development within the Carmacks Copper District is the best way to advance projects and add shareholder value. The long history of exploration on the Carmacks Cu-Au-Ag project and the extensive database developed with respect to exploration methods, mineralisation, geology and deposit characteristics will be invaluable to Granite Creek and enable us to fast-track our own exploration efforts. Together with the recently acquired historic database on the Stu project, this information will allow us to build a solid geological model and enable rapid identification of priority exploration and drill target areas for our planned programs in 2019 and beyond.”

Copper North president and CEO, Doug Ramsey, stated “We have been very successful in growing our Carmacks project mineral resource over the past few years, based on known areas of mineralisation. Our future exploration programs on the property will greatly benefit from the expanded understanding of mineralisation, geology, and deposit characteristics in the Carmacks Copper District made possible through this data-sharing agreement.”

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