Canadian explorer Granite Creek Copper Limited has signed an agreement to acquire all of the outstanding shares of Copper North Mining Corp, the company announced.
Upon completion of the agreement, it will control a large regional land package of 176sqkm, combining its Stu Copper-Gold Project with Copper North’s advanced-stage Carmacks Copper Project in Canada’s Yukon Territory. It will be the second-largest land position at 17,580 hectares in the Minto Copper belt.
The Minto-Carmacks Copper District is a 180 km long and 60km wide belt of intrusion-related and high-grade Cu-Au-Ag deposits within the Dawson Range. Pembridge’s operating Minto Mine is also located in the area.
Granite Creek owns approximately 30pc of the shares currently.