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VANCOUVER, BC / ACCESSWIRE / May 3, 2022 / Granite Creek Copper Ltd. (TSXV:GCX)(OTCQB:GCXXF) ("Granite Creek" or the "Company") is pleased to announce that it has retained SGS to complete an updated Preliminary
Average annual payable gold production of 31,000 oz 50% Pre-Tax Internal Rate of Return (“IRR”), 35% After-Tax IRR US$50 Million Pre-Tax Net Present Value (“NPV”), US$34 Million After-Tax NPV After-Tax Payback Period 1.8 years from start of production Average annual after-tax free cash flow of US$23 Million Initial capital expenditure (“Capex”) of US$36 Million (includes US$5 Million for EPCM and indirect costs in addition to US$5 Million as contingency) AISC of US$744/oz Au Average gold recovery of 75%; total cash operating cost of US$13/tonne Creation of approximately 100 direct...