Granite Creek Issues an Update on Its Malian Gold Concessions
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) is pleased to announce the completion of the field portion in the work program recently announced on its 75 sq km Darsalam concession, located in Mali, West Africa.
During the program, 4 areas of orpaillage, where the local miners dig pits in the search for gold, were located and mapped. Over 440 soil samples and 114 rock grab samples were collected. Samples have been submitted to the SGS Laboratory in Bamako for analysis, results are pending.
The Company also announces that possible irregularities in ownership of the Bourdala Sud Ouest gold concession have been discovered. The Company has asked for clarification on some matters from the vendors, and both parties have agreed to suspend the acquisition agreement until the matter is resolved. The Company is currently researching the matter.
During a recently completed visit to Mali, management met with the owners of several gold concessions. After reviewing property submissions, the Company has entered into exclusive negotiations on two concessions. The Company looks forward to announcing more acquisitions of gold concessions as it increases its focus on Mali.
About Granite Creek Gold
Granite Creek is a Vancouver based exploration company in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, with the goal of establishing a mineable mineral resource. Granite Creek's Malian project consists of the 75 sq km Darsalam gold concession on which it has an option to acquire a 100% interest. The Company also has projects in British Columbia consisting of the gold/copper/molybdenum Taseko Property, 225 km north of Vancouver, BC, on which it has an option to acquire a 70% interest; the 100% owned 654 ha Railway Property, a copper project in the highly prospective Stikine arch area of northwestern BC; and the 5611 ha Troitsa Property, a copper/molybdenum/gold/silver property located in central BC, on which it has an option to acquire a 100% interest.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to regulatory approvals, exploration programs, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain regulatory approval and to complete its exploration programs on schedule and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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