Welcome to 'Proven and Probable' today
we're highlighting one of the three
companies that comprise the metallic
group of companies
which has a commanding land package in
the historic mental copper district
today they're announcing a strategic
acquisition to find out more
stay tuned but before we begin as always
i would appreciate
if you click the subscribe button and
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on to today's interview joining us for a
conversation is tim johnson of granite
creek copper mr johnson welcome to the
show sir
it's a pleasure to be here always a
pleasure to have you on the show sir
before we get into today's conversation
i would be remiss if i didn't highlight
underscore and foot stomp the success of
granite creek copper share price
you are up 600 since march 23rd and we
haven't even discussed today's press
release which will further increase the
shareholder value
what has the market so a beat about
granite creek copper sir
well i i think a lot of it has to do
with recent action in the metal prices
uh you know i mean we in in the copper
space have been waiting quite a while
for for the move that copper's made in
the past few weeks
um you know that's that's really helped
us and and and
our our position where we are on in on
the planet i mean we're in one of the
best jurisdictions
for uh mineral development in the world
um the yukon
is a great place to operate and i think
um
you know those things combined and the
fact that we're actually doing something
we've got people on the ground
all those things has helped us move us
move our share price to where it is
today
you know mr johnson i reference that gcx
is looking to further increase
shareholder value
and this time is through a strategic
acquisition with one of your neighbors
copper north to increase your footprint
in the highly prolific
minto copper district where you have
your flagship stew copper project
what can you share with us yeah so we've
just announced a
uh an offer to acquire all the issued an
outstanding shares of copper north
we already own 30 percent of those
shares so this is a further acquisition
um we acquired those that initial 30
in december of of last year um and we we
see this as a
very interesting strategic move as a as
a control
consolidation of the second largest land
position within the the
highly prospective mental copper belt uh
so we will be
there there will only be two of us in
the belt they'll be us and
uh the mental mind to just to the north
of us about
30 kilometers away so we we're quite
excited about that
what this allows us to do is to combine
a
preliminary economic assessment stage
project in the carmax project
owned by copper north by with
our highly prospective ground on the
stew project
combined land package is going to be 176
square kilometers good road access
good access to infrastructure like power
so we're pretty excited about
about snapping these two projects
together you know expand on that force
on some of the common synergies that you
will share with the
carmix deposit there you talked about
infrastructure
yeah so um right now to access our stew
project you go through the carmax um
project
right through up up to our so you know
that's an advantage that we've already
got
um uh built out uh road access
all the way through to to most parts of
our property
we share the geology for both projects
there's high grade pods of copper and
some of them that we suspect
actually cross the current claim
boundary so exploration
can actually open up now that these two
properties gonna be put together and we
can uh
we can determine if you know if there
are resources right there across the
boundaries and and we don't have to be
shy about drilling right up to the claim
boundary we can just keep drilling right
across it
how will this acquisition of copper
north enhance the economics of the stu
copper project
well it's um it's great creating the
potential for
for a really significant um uh
contained copper project currently
the carmax deposit on oxide and sulfide
combined basis has
has somewhere around 500 million pounds
of copper
we believe we have the the ground on the
stew project to significantly grow that
resource
and our target is over a billion pounds
so what we want to do now is go back and
see the areas that we can quickly
drill off resources to to um to try to
reach that target sorry for an eruption
folks but i do want to remind you
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johnson you can find in the description
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now back to the interview you know as a
shareholder this
is really encouraging news and if we
expand and include the narrative on
the entire copper space and then you
include the strategic advantage that you
have with
oxide versus sulfide on the stew can you
just expand for that for us
yeah so um that's an interesting point
did you bring up
um the the carmax deposit you know again
on currently owned by
um copper north and and we're acquiring
it
um has a preliminary economic assessment
that contemplates a seven year mine
of oxide only now underlying that oxide
resource there is significant potential
for a large sulfide resource and then on
our stew property just across the claim
boundary
we have both oxide and sulfide so when
you start to put these together you can
see this really
there's two very interesting development
paths you develop that
that oxide resource and once you've gone
down through that and you're into the
sulfide resource
you either look at developing that or
you look at other
players in the belt who have a sulfide
mill um
just to the north of us so there's it
opens up a whole
range of ways that we can develop those
two resources and
we're pretty excited about that i hope
i'm not asking too much here but does
granite creek plan on
conducting drilling this year we do
um it is going to be a bit challenging
we're getting late in the season
and with the ramp up of of exploration
in the yukon
crews are hard to find um we do have a
a drill potentially for sort of mid to
late september
and we're working on the logistics of
getting all that together so yes if
we can if all the pieces fall in place
we we do want to drill this fall yet
oh that's exciting all right sir what is
the next unanswered question for granny
creek copper when can we expect a
response
and what determines success
well i'll remind your listeners and
yourself that we did do a program
this summer where we re-assayed a bunch
of the historic core and astute project
from our a-zone this was a program that
had been drilled in 1980
there had been limited assays done on on
that core
and it wasn't a really a full uh
spectrum assay the only assad for the
copper
and the precious metals weren't a
complete assay
so we expect results back from that
very soon once we can collate those
results and get those out to the market
i think that's going to be really
interesting and that's going to inform
us
on what we need to do to publish
resources on our a-zone and when then we
combine those with
with the carmax resources we think it's
going to be a very compelling story
last question sir what did i forget to
ask
well you touched on it and that's the
the macro economics of
of the copper space we see a shortfall
in the near term
and probably for significant number of
years out
i think three dollar copper is only only
the beginning
um you know as the world moves towards
electrification
there's no substitute for copper even if
you look at the uh
you know the battery metal space where
everybody's arguing about whether they
should be more nickel or
more cobalt or what the battery
chemistry it is
um for copper it doesn't matter the more
battery operated cars there are in the
world the more copper we're gonna need
and the more energy storage there is in
the world the more copper we're going to
need
so it's a really going to be a really
exciting space to be in
you know i i won't predict the copper
price but i think it's it's definitely
moving up from here and i think
like i said i think three dollars is
only a start
you know we've highlighted this in the
past but the world is going to consume
more copper
in the next 25 years than all of
recorded history
and it's imprudent for investors to take
this opportunity
to find companies that have a a strong
foothold
in the copper space with proven
management and having it right here in
granite creek copper and tim johnson
mr johnson before we close if somebody
listening wants to get more information
on granite creek harbor please share the
website address
yes we're at www.gcxcopper.com
mr johnson it's been a real pleasure
speaking with you today sir wishing you
and granite creek hopper the absolute
best sir
thank you maurice granite creek opera
trades on the tsxv
symbol gcx and granite creek opera is a
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and probable and we are proud
shareholders for the virtues conveyed in
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