GT Gold completes drilling at Tatogga
GT GOLD Corp. has completed 24,749 metres of diamond drilling at its Tatogga property in northwestern British Columbia. The original 18,000-metre program was expanded following the discovery of extensive and high-grade gold-copper porphyry-style mineralization at GT Gold’s Saddle North occurrence. The company is excited by the many successes achieved this season and looks forward to announcing further drill results over the next several months as analytical work is completed. GT Gold also recognizes that its accomplishments were largely the result of hard work put in by its exploration team and key partners, including the Tahltan First Nation.
Key objectives that were met in this season’s program included:
• Successfully drill testing and expanding the Saddle North porphyry system, which was first identified late in the 2017 drill campaign;
• Extending the Saddle South gold-silver-mineralized zones along strike and successfully identifying additional high-grade gold mineralization at depth;
• Implementing an oriented core program to better aid in understanding ore controls at Saddle;
• Completing a more detailed sampling and geologic mapping program at Saddle;
• Expanding reconnaissance-scale geological mapping six to eight kilometres southward to the exciting Quash-Pass occurrence, where continued grid geochemical and geophysical work further defined a high-potential precious-metals-bearing hydrothermal system;
• Initiating route planning and permitting for a road to the Saddle area from Highway 37.
Mineralization at Saddle South has been extended to well over 1,000 metres along strike. It remains open to both east and west, as well as at depth, and a new trend with high-grade intercepts was intersected at depth to the south. Implementation of the company’s oriented core program has yielded a better understanding of the structural con trols at S addle South; this enabled GT Gold to more successfully target gold-mineralized zones (please see GT Gold’s press release dated Sept. 4, 2018).
Airborne magnetic and ground induced polarization (IP) surveys completed in 2018 indicated an extensive, strongly magnetic zone coincident with a chargeabilty anomaly centred on the gold-copper porphyry intercept drilled in late 2017. Drill testing this anomaly gave the company its second major discovery in as many seasons. A new gold-copper-silver porphyry discovery, known to come to surface beneath thin overburden, has now been intersected in 12 holes along a strike length of over 600 metres, across a width of approximately 500 metres and to a depth of greater than 1,100 metres. Mineralization at Saddle North remains open along strike and at depth, and grades and widths generally appear to increase with depth (please see GT Gold’s press releases dated Sept. 10, 2018, and Oct. 10, 2018).
Charles Greig, MSc, PGeo, GT Gold’s vice-president of exploration, commented: “The management and board of GT Gold are very proud of the discoveries our team has made at Saddle South and North. We were fortunate to be able expand on our planned 18,000-metre program, and with our capable crew and the co-operation of unseasonably mild weather, we were able to extend the drill season into November. With the amount of data collected over the past two seasons, our team will have a busy off-season as we continue to build upon our understanding of our two very significant discoveries.”
Mr. Greig is a qualified person under National Instrument 43-101. He has reviewed and approved the technical information in this press release.
About GT Gold Corp.
GT Gold is focused on exploring for gold in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. The company’s flagship asset is the wholly owned, 44,206-hectare Tatogga property, located near Iskut, B.C., close to roads and grid power. The company achieved, in 2017, a major new gold-silver discovery at its Saddle prospect, located up a gentle valley only 10 kilometres off Highway 37. The Saddle discovery comprises two parts: a high-grade,
near surface, epithermal gold-silver vein system at Saddle South and, close by at Saddle North, a largely covered, porphyry copper-gold-silver-mineralized system.
We seek Safe Harbor.
Alfredo Javier De Lucrezia, Maurizio Grande, Kevin Michael Keough, Gordon R Kettleson, Ashwath Mehra, John Laurie Pallot, Tajpreet Singh
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