VANCOUVER, BC, March 19, 2024 –Geologica Resource Corp. (CSE:GRCM, FSE:862) (“Geologica” or the “Company”) is pleased to announce a strategic appointment to its Board of Directors. (the “Board”).
Mr. David Mark P.Geo. has consented to join the Board. Mr. Mark is a self-employed consulting geoscientist and a B.Sc. graduate from the University of British Columbia. Registered as a Professional Geoscientist with the Association of Professional Engineers and Geoscientists of the Province of British Columbia, in good standing since 1993, he has worked continuously as a geoscientist for fifty three years, involved in exploration projects for gold (both placer and hard rock), base metals, diamonds, gravel, and silica sand in Canada, USA, Mexico, Cuba, Honduras, Mali, and Papua New Guinea. The type of work consists of field work including soil sampling, data interpretation, project management and authoring NI43-101 compliant reports. David is a "qualified person" as set out in National Instrument 43-101 ("NI 43-101").
Doug Unwin CEO and President of the Company stated “With Mr. Mark P.Geo and Mr. Andy Saltis P.Eng on Geologica’s board of directors and Mr. Bob McKnight P.Eng. and Mr. Robert Boyd P.Geo on Geologica’s advisory board, Geologica has deep technical expertise to guide its mineral explorations.”
The Board consists of individuals with the extensive diverse experience and skills required to accelerate Geologica’s development, including Douglas Unwin B.Sc., MBA, Keenan Hohol MA, JD, Andy Saltis P.Eng., Rob Charlton CPA-CA and David Mark P.Geo.
The Board has resolved to issue 100,000 options to purchase common shares an exercise price of $0.05 per share and an expiry date 5 years from the issue date to David Mark. All the above options will be subject to a 4 month hold period and the terms of the Company’s Stock Option Plan as approved by the shareholders.
ABOUT GEOLOGICA RESOURCE CORP.
Geologica Resource Corp. is a mineral explorer, focused on copper exploration, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and purchase agreements for 100% of the mineral claims known as the Topley Project, located in central British Columbia. The Company continues to evaluate additional properties to explore.
TOPLEY COPPER CLAIMS
CLAIMS HISTORICAL WORK
Previous drilling on the claims has indicated intense epithermal alteration with Ag, Pb, and Zn mineralization. Sporadic regional till samples in the area are in the 90th percentile for As, Sb, Pb and Zn. These claims have been mapped as mostly light grey FS phyric andesites, maroon FS phyric andesites with disseminated magnetite and monazite. Monazite stocks with in andesites is similar geology to Mount Milligan.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
Neither the Canadian Securities Exchange ("CSE") nor its Market Regulator (as such term is defined in the CSE policies) has reviewed or accept responsibility for the adequacy or accuracy of this news release. The appointment of Directors and the closing of this issuance of options is subject to the rules and regulation of the CSE and securities law and regulation.
Doug Unwin
President & CEO
(604) 762-5355
doug.unwin@geologicaresource.com
Forward-Looking StatementsThis news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “ensuring”, “believe”, “anticipate”, “will”, “would” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives with respect to the Topley Project. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to obtain all necessary regulatory approvals, risks and uncertainties inherent in the exploration and development of mineral properties. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.