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Geologica Resource Appoints Mark Miyaoka to Board of Directors
Vancouver, BC - TheNewswire - March 17, 2023 - Geologica Resource Corp. (CSE:GRCM) (FSE:862) (Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased to an
About this update from Geologica Resource Corp.
[{"type":"text","content":"Vancouver, BC - TheNewswire - 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 Geochemistry has identified high priority exploration target areas and a kilometer-scale VMS target area The region is known for its large porphyry, copper/gold, and copper/molybdenum deposits including past producing copper mines, Granisle and Bell The property is located in central BC, is Road Accessible, Cost effective to explore BC Hydro power lines transect the property and several water sources are available on the property Porphyries contain the largest reserves of Cu and close to 50% of Au reserves in BC Topley Property consists of 7 mineral claims totaling 2,669 Ha with known prospects and showings The recent acquisition expands the Company’s land position by 707.9 hectares to total 3,414 hectares 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 ...