GNCC Capital, a gold and silver exploration company, today announced the acquisition of the “White Hills” Gold Exploration Properties. Terms of this acquisition are detailed and disclosed in the filing located at the following link: http://dtg.fm/Qs4J. The company’s management team believes the White Hills acquisition, together with existing portfolio properties, should secure an enhanced economic base as it moves forward.
White Hills, located in the northwest corner of Arizona, is a 1,680-acre gold exploration property that comprises a number of Lode and Placer Claims. The advanced exploration property meets the company’s requirements for potential low cost extraction.
Key points of the White Hills acquisition:
• The company does not require any additional funding in this fiscal year in order to achieve their stated objectives. GNCC Capital management has secured the requisite funding to meet its stated objectives for this fiscal year.
• The company now has a significantly larger base of sound economic and potential low cost production gold mining assets. Given the company’s stated objectives, this acquisition is expected to move GNCC Capital into a Joint Venture / Revenue Producing Arena; at an accelerated rate, as previously envisaged by management.
• The company’s strategy is to generate revenue streams from the joint venture agreements on its properties, the proceeds to be deployed in the acceleration of exploration for other potentially viable gold properties in its portfolio, thereby leading to further joint venture agreements, and cash flow.
• The company will also expend funds on further development on certain of its properties with a view to a sale of advanced stage exploration properties.
In addition to focusing on White Hills, GNCC Capital said it will also concentrate on two of its existing gold exploration properties, “Clara” and “Burnt Well”, as these two properties meet management’s immediate and stated objectives of “low cost” and potentially economically viable gold mining properties.
The company’s management is committed to monetizing its existing assets and to acquire additional assets, should they be of a strategic and economic fit; in order to secure sustainable revenue streams for the company.
According to today’s press release, investors can anticipate further supplementary information to be filed pertaining to this acquisition of White Hills.
For more information, visit www.gncc-capital.com
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