Vancouver, British Columbia, June 19th, 2023: Great Republic Mining Corp. (the "Company" or "Great Republic") (CSE: GRM) is pleased to announce that it has signed with ALS GoldSpot Discoveries Ltd. (“ALS GoldSpot”) to provide a comprehensive helicopter assisted geochemical sampling and data interpretation program at the Porcher Island Vanadium-Ti-Au project.
The Porcher Island project encompasses extensive deposits of ultramafic complexes that have been intruded by gabbroic formations containing iron-titanium-vanadium (Fe-Ti-V) minerals in the form of concentrated titaniferous magnetite. Previous samples obtained from the gabbroic bodies indicate vanadium content ranging from 0.34% to 0.84% V2O5. Two of the gabbroic bodies identified on the surface have dimensions of approximately 5.3 kilometers by 0.8 kilometers and 4.0 kilometers by 0.6 kilometers. Initial surveys conducted on the Properties, focusing on stream sediments, revealed vanadium concentrations that rank among the highest 99th percentile in all of British Columbia's Regional Geochemistry Survey (RGS) databases.
About ALS GoldSpot
ALS GoldSpot Discoveries Ltd. provides geoscience services and consulting augmented by artificial intelligence. ALS GoldSpot’s full-spectrum field, geoscience and data science technical teams combine proprietary technology with in-depth expertise in mineral exploration and mining, offering front-to-back services to clients.
About Great Republic Mining Corp.
Great Republic is engaged in the business of acquiring and exploring mineral resource properties. Great Republic has an option to acquire a 100% interest in the Porcher Property, which is composed of nine contiguous mineral titles covering an area of 3,560.4 hectares in the northwest part of British Columbia, Canada, approximately 40 kilometres southwest of the city of Prince Rupert on Porcher Island.
For more information, please refer to the Company's final prospectus dated March 11, 2022, available on SEDAR (www.sedar.com).
On Behalf of the Board of Directors
Frederick W. Davidson
Chief Executive Officer, Corporate Secretary and Director
For further information, please contact:
Jerry Huang
Chief Financial Officer, Director
Tel: +1-778-887-6489
E-mail: greatrepublicmining@gmail.com
Forward-Looking Statements
Certain disclosure in this release, including the expected use of proceeds of the IPO, constitutes forward-looking statements that are subject to numerous risks, uncertainties and other factors outside of the Company’s control that may cause future results to differ materially from those expressed or implied in such forward-looking statements. In preparing the forward-looking statements in this news release, the Company has applied several material assumptions, including, but not limited to, the assumption that general economic and business conditions will not change in a materially adverse manner; and that the Company will be able to raise additional funds on reasonable terms. Although the management of the Company believes that the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that any forward-looking statement herein will prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason except as required by law.