GNCC Capital primarily is a gold exploration company with a secondary focus on silver exploration; initial exploration properties are located in Arizona. The company today issued an update on its pending acquisition of the White Hills Gold Properties, noting that it has met a number of conditions necessary to complete the transaction. GNCC anticipates closing the acquisition June 17, 2013.
The White Hillsgold exploration property comprises a number of lode and placer claims on 1,680 acres in Arizona, meeting the company’s requirements for potential low cost extraction.
The property will provide GNCC with “a significantly larger base of exciting and potential low cost production gold mining assets” while transitioning the company into a joint-venture, revenue producing arena.
GNCC’s strategy is to generate revenue streams from joint-venture agreements and to allocate the proceeds to the acceleration of exploration for other gold properties in its portfolio, thereby leading to additional joint-venture agreements and cash flow.
In addition to the White Hills properties, GNCC is also focusing on two of its existing gold exploration properties, “Clara” and “Burnt Well,”both of which are in line with management’s immediate and stated objectives of “low cost, extremely viable gold mining properties.”
For more information visit www.gncc-capital.com
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