Granite Creek Announces Program Results on Niaouleni Gold Concession
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2015) - Granite Creek Gold Ltd. (TSX VENTURE:GCX) (the "Company") wishes to announce the receipt of results from its previously announced check sampling program on the Niaouleni concession, located in western Mali (see press release dated March 31, 2015). A metallic screen procedure on a 1000 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. See chart below:
Metallica Screen Assay Results:
| PREVIOUS OPERATORS | GCX METALLIC SCREEN | |||
| Dill hole | m start | m finish | Au g/t | Au g/t |
| N11-DD26 | 93 | 94 | 0.03 | 0.01 |
| N11-DD26 | 94 | 95 | 0.25 | 0.40 |
| N11-DD26 | 95 | 96 | 0.12 | 0.81 |
| N11-DD26 | 96 | 97 | 0.74 | 0.65 |
| N11-DD26 | 97 | 98 | 0.04 | 0.07 |
| N11-DD26 | 98 | 99 | 0.02 | 0.19 |
| N11-DD26 | 99 | 100 | 0.12 | 0.23 |
| N11-DD26 | 100 | 101 | 0.06 | 0.10 |
| N11-DD26 | 101 | 102 | 3.08 | 0.65 |
| N11-DD26 | 102 | 103 | 0.59 | 1.23 |
| N11-DD26 | 103 | 104 | 0.19 | 0.93 |
| N11-DD26 | 104 | 105 | 0.40 | 0.60 |
| N11-DD26 | 105 | 106 | 0.24 | 0.79 |
| N11-DD26 | 106 | 107 | 0.06 | 1.38 |
| N11-DD26 | 107 | 108 | 0.04 | 0.11 |
| N11-DD26 | 108 | 109 | 0.69 | 0.57 |
| N11-DD26 | 109 | 110 | 2.68 | 0.49 |
| N11-DD26 | 110 | 111 | 21.90 | 1.51 |
| N11-DD26 | 111 | 112 | 0.09 | 0.09 |
| N11-DD26 | 112 | 113 | 0.32 | 0.02 |
| N11-DD26 | 113 | 114 | 0.08 | 0.15 |
| N11-DD21 | 94 | 95 | 0.11 | 0.04 |
| N11-DD21 | 95 | 96 | 0.31 | 0.27 |
| N11-DD21 | 96 | 97 | 0.31 | 0.76 |
| N11-DD21 | 97 | 98 | 0.66 | 0.82 |
| N11-DD21 | 98 | 99 | 0.06 | 0.15 |
| N11-DD21 | 99 | 100 | 0.02 | 0.02 |
| N11-DD21 | 100 | 101 | 0.12 | 0.07 |
| N11-DD21 | 101 | 102 | 0.16 | 0.83 |
| N11-DD21 | 102 | 103 | 0.85 | 0.62 |
| N11-DD21 | 103 | 104 | 0.15 | 0.24 |
| N11-DD28 | 94.5 | 95.5 | 0.01 | 0.47 |
| N11-DD28 | 95.5 | 96.5 | 0.44 | 0.27 |
| N11-DD28 | 96.5 | 97.5 | 0.04 | 0.01 |
| N11-DD30 | 66 | 67 | 0.05 | 0.08 |
| N11-DD30 | 67 | 68 | 0.11 | 0.04 |
| N11-DD30 | 68 | 69 | 0.14 | 0.03 |
| N11-DD30 | 69 | 70 | 0.43 | 0.46 |
| N11-DD30 | 70 | 71 | 0.24 | 0.35 |
| N11-DD30 | 71 | 72 | 3.19 | 1.89 |
| N11-DD30 | 72 | 73 | 0.06 | 0.04 |
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.
The Company is currently exploring opportunities outside the mineral exploration sector including, but not limited to, the bio tech and green tech sectors.
Dr. Mathias Westphal, P.Geo, a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical content of this press release.
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. The Company is focused in Mali, West Africa where it has two projects consisting of the 75 sq kilometre Darsalam gold concession and the 94 sq kilometre Niaouleni gold concession, both of which the Company 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.