Vancouver, British Columbia–(August 22, 2024) – Geologica Resource Corp. is pleased to announce that it has received a letter exempting the permit requirement to conduct an Induced Polarization survey at the Topley Copper Project from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation.
The Topley project claims have identified high priority exploration target areas and a kilometer-scale VMS target area. The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits, including past producing copper mines, Granisle and Bell. The property is centrally located in BC, Road Accessible, cost-effective to explore, and accessible year-round. Moreover, BC Hydro power lines and several water sources are available on the property.
Doug Unwin, CEO and President of the Company, expressed excitement at the receipt of the letter from the Ministry of Energy, Mines, and Low Carbon Innovation, allowing Geologica to conduct an IP survey at Topley. The Company acknowledges the assistance and consent of the Lake Babine Nation for the issuance of the waiver. Analysis of geochemical data and historic data indicates potential mineralization extensions to the acquired additional property.
The exempting letter states that due to the nature of the proposed work, the Company is exempt from the requirement to hold a Mines Act for the IP survey program during the exemption period from August 16, 2024, to August 16, 2025.
For more information on Geologica Resource Corp., visit the Company’s website and SEDAR. The technical content of this overview has been reviewed by David Mark P.Geo, a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
This news release contains forward-looking information concerning the Company’s plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties, and other factors that could impact actual events, results, and opportunities. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
To view the source version of this press release, visit the Company’s website.
SOURCE: Geologica Resource Corp.
