Granite Creek Copper is a Canadian based copper explorer. The Company is well positioned with its Stu project in the high-grade Minto copper-gold rock belt in the Yukon.
Copper is not only one of the oldest mineral resources, but also one of the most diverse and important. Without copper there can be no electric mobility. The rush for really good copper projects in a politically stable environment has therefore long since begun.
Only 30km north of the Stu project is the high-grade Minto copper-gold-silver mine operated by London-based Pembridge Resources PLC. The mine operator is closely following the exploration work being carried out by its neighbor Granite Creek Copper, as any new discoveries could provide further supplies of copper resources for their Minto Mine. Therefore, it was a strategically smart move on the part of Granite Creek Copper to take over completely the south neighboring and listed Copper North Mining Corp. with its Carmacks copper deposit in September 2020.
Upon completion of the acquisition, Granite Creek Copper will have a significant copper resource of 23.76 million tonnes at an average grade of 0.85% copper, 0.31g/t gold and 3.14g/t silver. With consolidation, Granite Creek will become the second largest land owner in the Minto Belt and will move immediately from explorer to developer as a pre-feasibility study has already been completed for Carmacks. The synergies here are obvious.