VANCOUVER, BC, March 28, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to provide the cumulative results of multi year Geochem surveys.
SGH* soil sampling was conducted on the Topley property in July 2019. The survey lines were each 3,350 meters in length and have a sample spacing of 50 meters along the eastern parts of the lines and 100 meters along the western parts.
The October 2020 geochem survey collected 515 soil samples that covered almost the entire property. These samples were picked up at 200-meter centers. 305 of the samples were sent to the lab which covered an area of 3,600 meters by 3,400 meters within the eastern two-thirds of the property.
The remainder of the soil samples were sent for analysis in 2021.
In the fall of 2022 Geologica collected an additional 182 soil samples from the western portion of its Topley Property. All SGH samples were analyzed to identify redox cells, volcanic massive sulfide, gold and copper anomalies.
SAMPLE MAP
The combined multiyear geochemical survey results have identified four kilometer-scale potential redox zones on the Topley Property. These cells are symmetrically segmented halo anomalies.
Typically, the SGH VMS class is expected to show halo anomalies that delineate Redox conditions in the overburden and can approximate the VMS mineralization that may be present at depth. The combined surveys indeed illustrates what appears to be four kilometer-scale potential Segmented-Nested Halo anomalies. We believe that mineralization might exist at these locations as a vertical projection beneath these anomalies.
The analysis for the detection of potential copper mineralization illustrates apical anomalies as expected. Each of these apical anomalies, especially those that show synergy with redox zones, may be indicative of copper mineralization. Copper anomalies are identified by green outlines on the above map.
The geochemical analysis for the detection of potential gold mineralization illustrates several apical gold anomalies. These anomalies maybe related to some kind of gold mineralization. The most important locations to be investigated further are those having synergy with the redox zones. We believe that mineralization might exist at these locations as a vertical projection beneath these anomalies. Gold anomalies are outlined in yellow on the above map.
Of particular interest is the area where the overlapping copper and gold anomalies overlie the redox zones in the southwestern section of the property. The Company continues to analyse this data along with previous geochemistry and geophysical data to develop the spring exploration program for Topley.
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.
TOPLEY CLAIMS
ABOUT GEOLOGICA RESOURCE CORP.
Geologica Resource Corp. is a mineral explorer, 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 accuracy of the technical content of this overview had been reviewed by Bob McKnight P.Eng. Bob is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
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. This transaction 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
*SGH Survey
Actlabs describes the SGH survey as follows: "Actlabs' Spatiotemporal Geochemical Hydrocarbon (SGH) analysis is a high-performance deep penetrating geochemistry which has successfully shown the presence of deeply buried mineral deposits. The survey technique involves the collection of near surface soils, peat, humus, till, and sand in the field and then desorbing the weakly bound heavy hydrocarbons in the C5-C17 carbon series range at the laboratory from sample material. The desorbed organic compounds are collected and introduced into a Gas Chromatograph/Mass Spectrometer (GC/MS) where over 160 of these heavier hydrocarbon compounds are measured. The analysis identifies a mixture of hydrocarbon compounds that provide a highly confident, unique fingerprint that identifies mineralization under thick cover. Measurements do not recognize inorganic content in the samples; therefore, the results do not reflect mobilized anomalies or any nugget affect. SGH in tandem with geophysics is a cost-effective technique to improve drill targeting success."
Forward-Looking Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, March 21, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce that it has received positive results from its 2022 SGH* geochemistry survey (the “2022 Survey”).
In the fall of 2022 Geologica collected 182 soil samples from the western portion of its Topley Property The samples were analysed to identify redox cells, volcanic massive sulphide, gold and copper anomalies. The yellow dots on the following map identify the location of the new soil samples.
Sample location Map
The 2022 survey successful identified 2 additional potential redox zones in the western portion of the Topley Property. These cells are symmetrically segmented halo anomalies.
Typically, the SGH VMS class is expected to show halo anomalies that delineate Redox conditions in the overburden and can approximate the VMS mineralization that may be present at depth. The 2022 survey indeed illustrates what appears to be 2 additional kilometer scale potential Segmented-Nested Halo anomalies. We believe that mineralization might exist at these locations as a vertical projection beneath these anomalies.
The analysis for the detection of potential copper mineralization illustrates apical anomalies as expected. Each of these apical anomalies, especially those that show synergy with redox zones, may be indicative of copper mineralization.
The geochemical analysis for the detection of potential gold mineralization illustrates several apical gold anomalies. These anomalies maybe related to some kind of gold mineralization. The most important locations to be investigated further are those having synergy with the redox zones. We believe that mineralization might exist at these locations as a vertical projection beneath these anomalies.
The Company continues to analyse this data along with previous geochemistry and geophysical data to develop the spring exploration program for Topley.
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.
TOPLEY CLAIMS
ABOUT GEOLOGICA RESOURCE CORP.
Geologica Resource Corp. is a mineral explorer, 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 accuracy of the technical content of this overview had been reviewed by John Buckle P.Geo., prior to his recent passing. John was a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
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. This transaction 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
*SGH Survey
Actlabs describes the SGH survey as follows: "Actlabs' Spatiotemporal Geochemical Hydrocarbon (SGH) analysis is a high-performance deep penetrating geochemistry which has successfully shown the presence of deeply buried mineral deposits. The survey technique involves the collection of near surface soils, peat, humus, till, and sand in the field and then desorbing the weakly bound heavy hydrocarbons in the C5-C17 carbon series range at the laboratory from sample material. The desorbed organic compounds are collected and introduced into a Gas Chromatograph/Mass Spectrometer (GC/MS) where over 160 of these heavier hydrocarbon compounds are measured. The analysis identifies a mixture of hydrocarbon compounds that provide a highly confident, unique fingerprint that identifies mineralization under thick cover. Measurements do not recognize inorganic content in the samples; therefore, the results do not reflect mobilized anomalies or any nugget affect. SGH in tandem with geophysics is a cost-effective technique to improve drill targeting success."
Forward-Looking Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, March 20, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) It is with great sadness we announce the passing of our fellow director, accomplished geophysicist and friend Mr. John Buckle P.Geo.
Doug Unwin CEO and President of the Company stated” I am very saddened to announce Johns passing. I never had the chance to meet John in person given his location in Ecuador and the ongoing issues with Covid since the formation of Geologica. However, I will not forget the insightful guidance provided by John or the always entertaining phone calls.”
Rest In Peace my friend.
Yours truly
Doug Unwin
President & CEO
(604) 762-5355
doug.unwin@geologicaresource.com
VANCOUVER, BC, March 17, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce the addition of Mark Miyaoka, BS. Engineering to the Company’s board of directors.
Doug Unwin CEO and President of the Company stated ”we are very fortunate to have an individual of Mark’s experience and talent joining our board.” The board has resolved to issue Mark 100,000 options to purchase common shares an exercise price of $0.075 per share and an expiry date 5 years from issue. 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, 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 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.
The accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
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 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 Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, March 3, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce the issuance of 600,000 stock options to consultants. 400,000 stock options have an exercise price of $0.125 and expire 2 years from issue. 200,000 options have an exercise price of $0.10 and expire 3 years from the issue date. All the above options will be subject to a 4 month hold period and the terms of the Companies Stock Option Plan as approved by the shareholders.
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.
TOPLEY CLAIMS
ABOUT GEOLOGICA RESOURCE CORP.
Geologica Resource Corp. is a mineral explorer, 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.
The accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
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 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 Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, February 28, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce that it has agreed to acquire the Rooster claims (the “Claims”) from the vendor as per the Property Purchase and Sale Agreement (the “Agreement”) entered into on February 21, 2023 and approved by the Company’s board of directors. The vendor is controlled by the Company’s President and CEO.
CLAIMS PURCHASE AND SALE AGREEMENT
On February 21, 2023, the Company entered into an agreement to purchase a 100% interest in a mineral property in British Columbia known as the Rooster Claims. The 3 claims are also known as HUD, GD West and GD North. The property is strategically located contiguous with the Topley Claims and adds 707.9 hectares to the Company’s land position. With the addition of the Claims the Company now has a land position of 3,414 hectares at Topley. These claims are being acquired to further Geologica’s stated mission of “Building Shareholder Value through the acquisition of properties of technical merit”.
In order to complete the purchase of the property, the Company must make the following:
Cash payment:
Share issuances:
Under the terms of the agreement the $20,000 cash payment must be used by the vendor to complete exploration work on the 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.
TOPLEY CLAIMS
ABOUT GEOLOGICA RESOURCE CORP.
Geologica Resource Corp. is a mineral explorer, 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 accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
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. This transaction 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 Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, February 2, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce that the TAC claims (the “Claims”) have been transferred to Geologica as per the Property Purchase and Sale Agreement (the “Agreement”) entered into on April 14, 2021. Under the terms of the Agreement the Claims were to be transferred to Geologica upon Geologica listing on a stock exchange.
TAC Claim Purchase and Sale Agreement
On April 14, 2021, the Company entered into an agreement to purchase a 100% interest in a mineral property in British Columbia known as the TAC Claims. The property is strategically located within the Topley Claims and adds 37.4 hectares to the Company’s land position. In order to complete the purchase of the property, the Company must make the following:
Cash payment:
Share issuances:
The number of shares to be issued is calculated based on the 10-day average closing price of the Company’s shares immediately preceding delivery of notice of the share issuance to the vendor.
TAC Claims
2020 Geochemical Survey
The 2020 Geochemical survey conducted by Geologica identified a large potential gold anomaly with a strong correlation to copper anomalies on the Claims. The anomaly is lineal shaped striking east-west, having a strike length of about 900 meters and an average width of about 400 meters.
2018 Rock Samples
In 2018 the vendor collected rock samples on the claims and had them analyzed. The presence of 0.50% copper in sample TC202 is of note as is the relatively high gold value (0.86 g/t gold).
The Vendor first located three trenches on his claim that in his report, states “are not actually trenches per se but rather linear trends of steep outcrop exposure that have undergone continuous sampling. There is no evidence of blasting or digging.” He then picked up sample #TC201 from the northern end of trench 10-10 and sample #TC202 from the southern end of trench 10-09. These samples were submitted to TSL Laboratories of Saskatoon, Saskatchewan for major oxide whole rock analyses and trace element ICP-MS analyses (aqua regia digestion).
Sample TC201 returned 1,433 ppm (0.14 %) copper, 93.5 ppm molybdenum, 1.0 ppm silver, 53.7 ppb gold, 1.74% iron and 0.09% sulphur (aqua regia digestion). Sample TC202 returned 5031 ppm (0.5%) copper, 299.3 ppm molybdenum, 2.8 ppm silver, 856.3 ppb gold, 2.16% iron and 0.75% sulphur (aqua regia digestion). The low iron and sulphur values are consistent with the general scarcity of pyrite observed in the rocks.
ABOUT GEOLOGICA RESOURCE CORP.
Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia.
TOPLEY CLAIMS
The accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
Doug Unwin
President & CEO
(604) 762-5355
doug.unwin@geologicaresource.com
Forward-Looking Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, January 5, 2023 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce the closing of the previously announced (December 9, 2022) non-brokered private placement financing of common shares (the “Shares”) and flow-through shares (the “FT Shares”), issuing 2,511,951 Shares and 800,000 FT Shares for gross proceeds of C$80,000. The gross proceeds raised from the FT Shares will be used before 2024 for general exploration expenditures which will constitute Canadian exploration expenses (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”), that will qualify as “flow through mining expenditures” within the meaning of the Tax Act.
Of the 2,511,951 Shares issued, 1,750,000 were issued for cash for gross proceeds of $175,000, 621,951 shares were issued as payments under property option/purchase agreements for the Topley Property and 140,000 shares were issued as debt settlements at $0.10 per share. The proceeds of the financing will be used for exploration work at Geologica’s Topley Property, and general administration.
The securities issued under the financing will be subject to restrictions on resale for 4 months and a day, pursuant to applicable Canadian securities laws and the rules of the Canadian Securities Exchange.
Geologica CEO, Doug Unwin, comments: “We are happy to announce the quick closing of our non-brokered private placement financing. The financing will allow us to get active in the field at our Topley Property in central BC. Our technical team has completed data interpretation at Topley over the past year, and we see significant opportunities to conduct a field program over the next 6-12 months to recognize the value of the project for the benefit of our shareholders. We are thankful for the support from our new and existing shareholders, and we expect to have more news out of our fall geochemistry survey shortly.”
About Geologica Resource Corp.
Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia.
The accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
Doug Unwin
President & CEO
(604) 762-5355
doug.unwin@geologicaresource.com
Forward-Looking Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, December 15, 2022 –Geologica Resource Corp. (CSE:GRCM, FSE:862, Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to announce that the Company's common shares have been listed for trading on the Stuttgart Stock Exchange under the ticker symbol “A2QQBC”.
Doug Unwin, President and CEO of Geologica, comments, “We are pleased to list our common shares on the Stuttgart Stock Exchange as we advance exploration and resource development on the Topley Copper Project. The listing provides Geologica with increased investor exposure and liquidity potential by offering European funds, institutions, and retail investors the opportunity to participate in the Company’s advancement of its copper projects.”
Geologica’s Topley Property
The fall 2022 soil geochemistry survey* expanded on the fall 2020 survey. 176 additional samples were collected for analysis. The fall 2022 survey extends the 2020 survey to cover the rest of the magnetic high from the historical airborne magnetic survey, the intrusive bedrock identified in percussion LLRC-13-007 drilled by Riverside, and a new VMS target.
During a past drilling program Riverside Resources Inc. (“Riverside”) drilled 3 percussion holes to test the top of bedrock (ie. 2-3m beneath the till) within the current claims. LLRC-13-001 intersected maroon xlithictuff at 24m depth. LLRC-13-007 intersected pink intrusive rock at 19.5m depth. LLRC-13-008 assayed 200-300 ppm Cu in volcanics at 36m depth. These values are similar to percussion top of bedrock holes drilled in the same program at the Lennac Lake copper porphyry deposit 6 km west.
The fall 2020 soil geochemistry survey* consisting of 305 soil samples, identified a potential kilometre scale VMS target area located in the southwest section of the sample grid plus highlighted 6 additional high priority target areas for further exploration. Occurring within the center of the potential VMS target area are two overlapping kilometer scale high priority target areas. This geochemistry is suggestive of a target area reflecting a VMS-type deposit that potentially contains significant mineralization*. This thesis is supported by the historical airborne magnetic survey, which shows the VMS target occurs within a magnetic high which is likely due to the Takla volcanics.
2018 MMI survey identified 2 copper anomalies correlated with gold anomalies.
The Topley property is located in central British Columbia near Babine Lake and is road accessible with hydro power lines running through the property making the property very cost effective to explore and reducing the operations carbon footprint. The region near Babine Lake is known for its large porphyry, copper/gold, and copper/molybdenum deposits including past producing copper mines, Granisle and Bell. Porphyries contain the largest reserves of Cu and close to 50% of Au reserves in BC. The Topley Property consists of 7 mineral claims totaling 2,669 Ha with known prospects and showings.
Other VMS deposits occur within the area including Topley-Richfield-10 kilometres north of Topley, the Red prospect, 5 kilometres northeast of the dormant Granisle Mine, and the Fireweed silver-lead-zinc prospect, 12 kilometres west of the dormant Bell Copper mine. One of the best examples of a VMS deposit is the Eskay Creek Mine which is a world class gold-silver-copper-lead-zinc deposit occurring within Hazelton Group rocks which also occur on the Topley Property. Both the identified exploration targets in the south of the sample grid are open to the south. Additional mineral potential in the area has been ranked extremely high, as the Babine Lake area is the fourth most prospective in the entire Skeena- Nass mineral potential project area (MacIntyre et al. 1995). A rock sample from the Topley Property yielded 6.84 grams/ton Gold (Carter, 1992). The accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
About Geologica Resource Corp.
Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
Doug Unwin
President & CEO
(604) 762-5355
Forward-Looking Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.
VANCOUVER, BC, December 9, 2022 –Geologica Resource Corp. (CSE:GRCM, Frankfurt:862) (“Geologica” or the “Company”) is pleased to announce it has entered into an Marketing Program Agreement with NAI Interactive Limited.("NAI"), to assist with general market outreach and investor awareness to the Chinese speaking community as the Company continues to achieve important milestones.
Through our partnership with NAI, Geologica has access to the NAI community and outreach platforms. Using these platforms, the Chinese speaking investor audience is exposed to Geologica.
"We are excited about this new partnership with NAI and the opportunity it brings to the Chinese speaking investment community," said Doug Unwin, Geologica’s Chief Executive Officer.
The agreement with NAI is for a 12-month term for an annual fee of $25,000, with an option to renew. All content produced, will be published on the NAI websites (NAI500.com) and further featured through the NAI distribution platform, as well as provide content for the Geologica website.
Geologica’s Topley Property
The Topley property is located in central British Columbia near Babine Lake and is road accessible with power lines running through the property making the property very cost effective to explore. The region near Babine Lake is known for its large porphyry, copper/gold, and copper/molybdenum deposits including past producing copper mines, Granisle and Bell. Porphyries contain the largest reserves of Cu and close to 50% of Au reserves in BC. The Topley Property consists of 7 mineral claims totaling 2,669 Ha with known prospects and showings.
The fall 2020 soil geochemistry survey* consisting of 305 soil samples, identified a potential kilometre scale VMS target area located in the southwest section of the sample grid plus highlighted 6 additional high priority target areas for further exploration. Occurring within the center of the potential VMS target area are two overlapping kilometer scale high priority target areas. This geochemistry is suggestive of a target area reflecting a VMS-type deposit that potentially contains significant mineralization*. This thesis is supported by the historical airborne magnetic survey, which shows the VMS target occurs within a magnetic high which is likely due to the Takla volcanics.
2018 MMI survey identified 2 copper anomalies correlated with gold anomalies.
Other VMS deposits occur within the area including Topley-Richfield-10 kilometres north of Topley, the Red prospect, 5 kilometres northeast of the dormant Granisle Mine, and the Fireweed silver-lead-zinc prospect, 12 kilometres west of the dormant Bell Copper mine. One of the best examples of a VMS deposit is the Eskay Creek Mine which is a world class gold-silver-copper-lead-zinc deposit occurring within Hazelton Group rocks which also occur on the Topley Property. Both the identified exploration targets in the south of the sample grid are open to the south. Additional mineral potential in the area has been ranked extremely high, as the Babine Lake area is the fourth most prospective in the entire Skeena- Nass mineral potential project area (MacIntyre et al. 1995). A rock sample from the Topley Property yielded 6.84 grams/ton Gold (Carter, 1992). The accuracy of the technical content of this overview has been reviewed by John Buckle P.Geo., who is a Qualified Person as defined under NI 43-101, and a member of the Company’s board of directors.
About NAI Interactive Limited
NAI ( www.nai500.com ) is a leading financial media company that serves public companies, financial institutions, media publishers, and brand advertisers. NAI members have access to a wide range of world class products and tools including investment conferences, subscription-based expert newsletters and social networking tools to help navigate their investment options.
NAI Interactive Limited
2209 – 1111 Alberni St.
Vancouver, BC
V7C 0E3
(604) 488-8878
About Geologica Resource Corp.
Geologica Resource Corp. is a mineral explorer, building shareholder value through the acquisition of projects with significant technical merit. The Company has an option agreement and a purchase agreement for 100% of the mineral claims known as the Topley Project, located in central British Columbia.
Further information on Geologica Resource Corp. can be found on the Company’s website
https://geologicaresource.com/ and on SEDAR at
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00039876
Doug Unwin
President & CEO
(604) 762-5355
Forward-Looking Statements
This 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 expected timing for the commencement of trading of the Shares on the CSE, the exercise of the Over‐Allotment Option and 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 related to the ongoing COVID-19 pandemic and its impact on the Company, risks and uncertainties inherent in the exploration and development of mineral properties, and other risk factors set forth in the long-form prospectus of the Company dated July 22, 2022 under the heading “Risk Factors”, a copy of which is available on the Company’s SEDAR profile at www.sedar.com. 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.