VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 17, 2014) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) is pleased to announce that a crew has been assembled to complete initial geological work on the Company's Darsalam Project located in western Mali. The program will consist of a limited geochemical survey, geological mapping and sampling and mapping of hand pits dug by local artisanal miners. The Company has received and is reviewing historical data on the project and the program will be designed to confirm trends identified in the data and to resolve targets for a follow-up drill program.
The existence and extent of artisanal workings is seen as an important indicator of the potential for an area to host economic gold deposits in Mali. Extensive workings have been known to expose important geological structures and have become a key tool of exploration companies.
The program will commence upon the Company receiving TSX Venture approval for the closing of the private placement announced March 3, 2014.
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 Canadian projects consist 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. The Company also has an option to acquire a 100% interest in the 75 sq km Darsalam gold concession in Mali, West Africa.
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.