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Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Geologica Resource Corp. (CSE: GRCM) (FSE: 862) ("Geologica" or the "Company") is pleased to announce it has received a letter of exempting the permit requirement to conduct an Induced Polarization survey at the Topley Copper Project ("Topley") from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation.
TOPLEY CLAIMS
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Geochemistry has identified high priority exploration target areas and a kilometer-scale VMS target area
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The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including past producing copper mines, Granisle and Bell
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Located on trend with the recent high grade NAK copper discovery (1.09% over 300 m.)
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The property is located in central BC, is Road Accessible, cost effective to explore and Accessible year round
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BC Hydro power lines transect the property and several water sources are available on the property
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The property is located 40 Km from rail lines to tide water
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Porphyries contain the largest reserves of Cu and close to 50% of Au reserves in BC
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Topley Property consists of 10 mineral claims totaling 4,216 with known prospects and showings
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Doug Unwin CEO and President of the Company stated, "We are very excited to have received this letter from Ministry of Energy, Mines and Low Carbon Innovation to allow Geologica to conduct an IP survey at Topley. We acknowledge the assistance and the consent of the Lake Babine Nation for the issuance of the waiver. Analysis of our geochemical data and historic data as well as data from previous trenching indicates that mineralization may extend to the west where we have acquired additional property."
The letter states, "Due to the nature of the proposed work, you are exempt under subsection 10 (2) of the Mines Act from the requirement to hold a Mines Act for the IP survey program described in your Notice of Work application, and as shown on the maps in your Notice of Work, for the exemption period from August 16, 2024, to August 16, 2025."
ABOUT GEOLOGICA RESOURCE CORP.
Further information on Geologica Resource Corp. can be found on the Company's website
https://geologicaresource.com/ and on SEDAR at https://www.sedarplus.ca
The accuracy of the technical content of this overview has been reviewed by David Mark P.Geo. David is a Qualified Person as defined under NI 43-101, and a member of the Company's board of directors.