GGL Secures Permits for the McConnell Copper-Gold Project, North-Central BC; Work Planned in Q3
GGL Secures Permits for the McConnell Copper-Gold Project, North-Central BC; Work Planned
in Q3
Vancouver, BC – March 17, 2022 – GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”) is
pleased to announce it has received a Multi -Year Area Based Permit (MYAB) from the BC Ministry of
Energy, Mines & Low Carbon Innovation for exploration activities on its 100% owned, road accessible
McConnell copper-gold project in the prolific Golden Horseshoe region of north-central BC.
The MYAB permit is active for a period of four years and includes exploration activities consisting of
drilling, trenching, road works, exploration camp establishment , and geophysic al surveys . GGL has
commenced planning for an exploration program in Q3, which includes mechanized trenching and sampling
activities.
The 8,700-hectare McConnell property is located in the Golden Horseshoe region of north -central BC,
approximately 22 km southeast of the past-producing Kemess open pit copper-gold mine and 70 km from
the former Lawyers underground gold-silver mine, where Benchmark Metals Inc. is currently conducting
a significant drill program to expand resources. The McConnell property is accessible by a road that
branches off the all-season Omineca mine and hydro grid power road, which services the Kemess Mine.
Previous exploration conducted by the Company confirmed porphyry style mineralization within a potassic-
phyllic altered monzonite intrusion. The supergene and hypogene, copper-gold-silver mineralization can be
traced in scattered outcrops over 600 m until it is lost beneath overburden. Rock samples collected by the
Company in th is “copper-gold-silver zone” included peak values of 20.1% Cu, 4 .01 g/t Au and 67.1 g/t
Ag. These samples were taken from an exposure that was blast -trenched in the 1970s and subsequently
chip sampled to yield results of 10.97 % Cu, 0.136 oz/T (4.66 g/t) Au and 2.12 oz/T (72.7 g/t) Ag over 12
ft (3.6 m), as described in an assessment report filed with the BC government.
The Company conducted 12-line km of induced polarization (“IP”) and ground magnetic surveying over
the copper-gold-silver zone in 2020. This IP survey complements a reconnaissance -style IP survey GGL
conducted in 2008, which identified a buried chargeability anomaly near mineralized outcrops. The recent
survey better defined the chargeability target, identifying two, parallel, north north-west dipping anomalies
that are believed to be structurally-controlled. One of these anomalies projects to surface near a well
mineralized outcrop, rock samples from which returned assays up to 13.2% Cu and 1.61 g/t Au. The second
anomaly projects to surface in an overburden covered area.
The planned trenches will be designed to test across the full width of the chargeability anomaly associated
with the partially exposed, mineralized outcrop and to evaluate the second, blind chargeability anomaly.
The results from the trenching will aid in the planning for future drill campaigns.
The McConnell project also contains a major shear -hosted gold zone which occurs at a higher elevation,
3 km east of the porphyry -style mineralization and IP anomalies . This zone can be traced for 12 km and
2
was the main focus of the Company’s historical exploration efforts, prior to its shift to diamond exploration
in the 1990s. The McConnell gold target was acquired in 1981 and a majority of its trenching and drilling
was completed in the 1980s. Historical highlights include a drill intercept that assayed 15.57 g/t Au over
1 m and a trench exposure that graded 8.16 g/t Au over 4.8 m.
About GGL Resources Corp.
GGL is a seasoned, Canadian -based junior exploration company, focused on the exploration and
advancement of under evaluated mineral assets in politically stable, mining friendly jurisdictions. The
Company has optioned and wholly owned claims in the Gold P oint district of the prolific Walker Lane
Trend, Nevada. The Gold Point claims cover several gold -silver veins, four of which host past producing
high-grade mines. The Company also owns the McConnell gold -copper project located 22 kilometers
southeast of the Kemess Mine in north-central BC, and promising diamond exploration projects in Nunavut
and the Lac de Gras diamond district of the Northwest Territories. Lac de Gras is home to Canada’s first
two diamond mines, the world class Diavik and Ekati mines di scovered in the 1990s. GGL also holds
diamond royalties on mineral leases near the Gahcho Kué diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
“David Kelsch”
David Kelsch
President, COO and Director
Investor Inquiries
Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
Corporate Information
Linda Knight
Corporate Secretary
Tel: (604) 688-0546
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward looking statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected results.