Granite Creek Copper – Reviewing The Economics, Metallurgical Derisking Work, And 2024 Drill Program At The Carmacks Project
Tim Johnson, President and CEO of Granite Creek Copper Ltd (TSX.V:GCX – OTCQB:GCXXF), joins me to review the current resource size and key takeaways from the Preliminary Economic Assessment (PEA), the ongoing metallurgical derisking work, and the 2024 Drill Program on the Carmacks Project in the Yukon.
We start off having Tim review the PEA economics, infrastructure advantages, and decision to look at processing the mix of both oxide and sulfide copper ore using a traditional flotation circuit, which is looking at the project differently than other operators had. Additionally, we talked about some of the additional metallurgical work the Company did last year, looking at boosting the recovery rates on the processing of the oxide mineralization, where it could unlock approximately $180million in additional value on the Project.
Next we shifted over to a few different exploration targets that the exploration team will be working on, based on the IP survey results, and the apparent geological response. Tim outlined the interest in drilling 1,800 meters to test The Gap, Sour Toe and Zone 1213 targets, all within roughly 1km of the proposed open pits, and would address additional drilling based on successful results at these targets. All of the drilling data, metallurgical work on increasing processing recovery rates, as well as higher metals price sensitivities will feed into future economic studies.
If you have any follow up questions for Tim regarding Granite Creek Copper, then please email them to me at Shad@kereport.com and we’ll get them addressed.
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