Business
Geologica Stakes High Potential Lincoln Placer Claims
Historical records indicate the potential of Lincoln Creek to be approximately 20,000,000 cubic yards ("CY") of possible pay with an estimated 400,000 ounces of goldHistorical placer drilling suggests near surface volume of 3,000,000 CY with grades up to 0.06 oz/CYThe Gierkie shaft, sunk in 1912, reportedly found gravels averaging approximately 0.048 oz/CYReports indicate mining of rich gravels may be possible directly from surface in upstream areasVancouver, British Columbia--(Newsfile Corp. -
About this update from Geologica Resource Corp.
[{"type":"list","items":[{"val":[{"type":"text","content":"Historical records indicate the potential of Lincoln Creek to be approximately 20,000,000 cubic yards ("CY") of possible pay with an estimated 400,000 ounces of gold","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"Historical placer drilling suggests near surface volume of 3,000,000 CY with grades up to 0.06 oz/CY","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"The Gierkie shaft, sunk in 1912, reportedly found gravels averaging approximately 0.048 oz/CY","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Reports indicate mining of rich gravels may be possible directly from surface in upstream areas","length":95,"tagName":"p"}]}],"tagName":"ol","bulletedList":false,"length":463},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 18, 2025) - Geologica Resource Corp. (CSE: GRCM) (FSE: 862) ("Geologica" or the "Company") is pleased to announce the staking of 472 hectares of placer claims contiguous with the Company's Lincoln Creek Property in northwestern British Columbia. Located within the productive Atlin Gold Camp, these claims encompass areas that historically produced gold, strengthening Geologica's position in this promising region.","length":496,"tagName":"p"},{"type":"text","content":"This strategic expansion complements the Company's March 11, 2025 announcement of a 750-meter gold-pathfinder anomaly identified during the 2024 soil sampling program. The combined placer and hard rock targets present compelling opportunities for both near-term revenue potential and significant exploration upside.","length":319,"tagName":"p"},{"type":"text","content":"The Atlin Gold Camp has produced more than 600,000 ounces of placer gold since its discovery in 1898, making it one of British Columbia's richest placer regions. While most productive creeks in the district have seen continuous mining for over a century, Lincoln Creek remains untapped.","length":290,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":398,"height":449,"url":"https://media.zenfs.com/en/newsfile_64/0018e3498023c634b074ff3a9f2553b6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/X4hqk8trHT9KqWiTRz24SQ--/YXBwaW...