DIRECTOR RESIGNATION­

VANCOUVER, BC, April 19, 2024 –Geologica Resource Corp. (CSE:GRCM, FSE:862) (“Geologica” or the “Company”) announce the resignation of Keenan Hohol from the board of directors (the “Board”).

Effective today April 19, 2024, Mr. Keenan Hohol has resigned from the Board to purse other endeavours.

Doug Unwin CEO and President of the Company stated, “we were very fortunate to have an individual of Keenan’s experience and talent on our Board and we wish Keenan all the best in his future endeavours.”

The Board consists of individuals with diverse experience and skills, including Mr. Douglas Unwin B.Sc., MBA, Mr. Andy Saltis P.Eng., Mr. David Mark P.Geo., Mr. Rob Charlton CPA-CA.

ABOUT GEOLOGICA RESOURCE CORP.

Geologica Resource Corp. is a mineral explorer focused on Copper, 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 LANDING CLAIMS

  • The claims to be explored at Topley Landing are overlapped by Lake Babine Nation (LBN) traditional territory;
  • In consultation with the Lake Babine Nation, Geologica has been granted access to Topley for completion of an IP survey;
  • Geochemistry has identified high priority exploration target areas and kilometer-scale VMS target areas;
  • The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including the on-trend past-producing Granisle and Bell copper mines;
  • American Eagle Gold Corp. has discovered a copper deposit on trend with Topley;
  • The property is located in central BC, is road accessible and cost effective to explore year round
  • BC Hydro power lines transect the property and several water sources are available on the property;
  • Rail Access to tide water is only 40km away;
  • Topley Property consists of 11 mineral claims totaling 4,216 Ha with six known prospects and showings.

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

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.

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.

Add a Comment

Your email address will not be published. Required fields are marked *