NEW YORK--(BUSINESS WIRE)--GNCC Capital, Inc. (OTC:GNCP) has just published the final assay results on grab sampling at our “White Hills” Exploration Property situated on 1,840 acres in Mohave County, Arizona; overseen by one of our Consulting Geologists, Craig Parkinson.
This is the final report from the Assay Laboratory in respect of “White Hills,” the link to this Final Report filing, filed today on the OTC Markets as a Supplementary Information Filing: http://www.otcmarkets.com/financialReportViewer?symbol=GNCP&id=118351
Craig Parkinson notes that since “White Hills” is a gold-dominant property, the second column under “Au” (elemental abbreviation for gold) is the most important. The results are stated in parts per million (ppm), where 1ppm = .029 troy ounces per ton. Thus, multiply the assay ppm number by .029 to get the assay in ounces gold per ton.
WH 17 = 80 ppm
80 ppm X .029 = 2.32 ounces gold per ton
Craig Parkinson will be preparing a summary of the gold results converted to ounces per ton for each sample and state where the sample was collected. This will be included in his property summary report finished by Friday of this week.
About GNCC Capital, Inc.:
GNCC Capital, Inc. is primarily a Gold Exploration Company, with a secondary focus on Silver Exploration. The Company’s current exploration properties are located in Arizona and consist of “White Hills, Esther Basin, Burnt Well, Clara, Kit Carson, Silverfields and Potts Mountain." The Company intends to create significant value for its initial portfolio of properties through continued exploration, joint ventures, and through the acquisition of additional Gold and Silver Exploration assets. GNCC Capital, Inc. is a current information filer on the OTC Markets under the symbol “GNCP”.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the OTC Markets Group.