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Press Release
Press Release

Granite Creek Initiates Check Sampling Program on Niaouleni Gold Concession

March 31, 2015 | About:

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 31, 2015) - Granite Creek Gold Ltd. (TSX VENTURE:GCX) (the "Company") wishes to announce that the Company's geologist, Dr. Mathias Westphal, P.Geo., has just completed a visit to the Niaouleni concession (the "Concession") located in Mali, West Africa, 150 kilometres southwest of the capital city of Bamako. The purpose of the visit was to become familiar with the geological setting and to complete a limited check assay program on selected sections of core from diamond and reverse circulation drill programs completed by previous operators.

The check assay program was initiated after a review of historical data both on the Concession and from public information on the adjacent Kobada Project being developed by African Gold Group. The data review identified the existence of a significant nugget effect problem associated with the gold mineralization on both the Concession and adjacent Kobada Project. The Company felt that alternate sampling procedures needed to be explored before a drilling program could be designed for the project. Samples of anomalous and highly anomalous material were taken and will be shipped to the SGS laboratory in Lakefield, ON for metallic screen assay.

About the Niaouleni Concession

To date, over 12 million dollars of work has been completed on the Concession since 1990 by various operators. The Company has gained access to an extensive database of previous work including sample results from 15,000 metres of RC drilling, 5,000 metres of diamond drilling, extensive soil sampling and rock samples taken from numerous trenches and pits.

Orpaillage (an area of pits dug by local miners for the recovery of gold) on the Concession is among some of the oldest in Mali with some sites dating back to the 14th century. Still active, the orpailleurs give a good indication of the potential of various zones on the Concession. These include the Lebre Plateau, the south and adjacent Niaouleni South, the Kankou Moussa located 1.5 kilometres southwest of Niaouleni South and the Goingoingdougou zone, which lies approximately 6 kilometres south east of Kankou Mousa. Previous operators have identified and divided the project into 4 distinct zones of mineralization as characterized by orpaillage.

The orpaillage on the Lebre Plateau Zone covers an area of roughly 2,000 by 1,800 metres. Previous operators focused on a north-northeast trending zone, within the orpaillage measuring 400 metres long and 100 metres wide, including a 20-25 metre wide quartz stockwork zone. Orpaillage workings at the Niaouleni South Zone cover an area of approximately 1,500 x 1,000 metres. The zone is characterized by a series of discontinuous mineralized quartz veins and lenses along a 900 x 200 metre north-northeast trending section.

Two quartz stockwork and breccia zones have been worked by orpaillleurs at the Kankou Moussa Zone with the total zone measuring approximately 1,100 by 1,300 metres. The 350 by 900 metre Goingoingdougou Zone is highlighted by a 520 metre long quartz vein stockwork zone that varies from 60 to 100 metres wide. Below is a table of selected drilling results from the most recent work completed by Frontline.

Lebre Plateau N-10-DD-002 30.5 36.5 6.0 10.11
Including 34.5 35.5 1.0 42.40
And 41.5 52.0 10.5 4.48
Including 42.5 44.5 2.0 10.44
And Including 49.0 51.0 2.0 9.93
And 57.0 58.0 1.0 7.60
Lebre Plateau N-10-DD-011 12.6 15.6 3.0 21.56
Niaouleni South N-10-DD-023 46.0 49.0 3.0 2.68
And 82.0 83.0 1.0 19.6
And 100.0 102.0 2.0 2.07
And 139.0 144.5 6.5 2.16
Niaouleni South N-11-DD-026 5.0 8.0 3.0 1.09
And 101.0 111.0 10.0 2.99
Including 110.0 111.0 1.0 21.90
And 190.0 191.0 1.0 8.48
Gouingouingdougou N-10-DD-006 0.50 4.7 4.2 1.11
And 11.5 14.5 3.0 2.68
And 94.0 95.0 1.0 2.29
And 119.0 120.0 1.0 1.96

The Concession lies 5.5 kilometres south of African Group Inc.'s Kobada Project, with measured and indicated resources of 1.21 million ounces at 1.05g/t and an inferred resource of 1.205 million ounces at 1g/t (Source: African Gold Group website). A 12 kilometre long NNE structure present at the Kobada Project extends along strike onto the Concession and may be an important control for mineralization.

African Gold Group has recently published a preliminary economic assessment of the project showing very strong economics. The strength of the Kobada project is due in part to nature of the geology allowing for the potential of reduced mining costs compared to comparable West African projects because of the fact that much of the zone is in soft saprolite. Currently African Gold Group is completing a full feasibility study on Kobada. Granite Creek will follow the developments on the Kobada project closely as the Company sees many similarities both in geology and the nature of the mineralization at Kobada and Niaouleni including the existence of very deep saprolite at Niaouleni.

Dr. Mathias Westphal, P.Geo., the Company's qualified person as defined by National Instrument 43-101 has reviewed and approved the technical information in 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.

Timothy Johnson
Telephone: 604-569-2430
E-mail: [email protected]


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