Business
Geologica Resource Obtains Listing on Stuttgart Exchange
VANCOUVER, BC – TheNewswire - December 15, 2022 – Geologica Resource Corp. (CSE:GRCM), (FSE:862), (Stuttagart:A2QQBC) (“Geologica” or the “Company”) is pleased
About this update from Geologica Resource Corp.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - 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 anomal...