... While Extending Strike Length to 1000 Metres
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 16, 2017) - GT Gold Corp. ("GT Gold" or the "Company") (TSX VENTURE:GTT). GT Gold is pleased to report continued high grade assays from drilling at its Saddle gold discovery, located just 10 kilometres off highway 37 on the Company's Tatogga property in northwestern British Columbia, Canada.
The latest strong results can be broken into three categories:
16,180 metres of drilling has now been completed in 64 core holes at Saddle, far beyond the 2,600 metres of core drilling envisaged at the start of the season. Results for 17 Saddle South core holes are reported in this news release, continuing the well-established pattern of high grades and excellent zone continuity delivered by earlier drill results. Assays for an additional 33 core holes (4 from Saddle North, 29 from Saddle South) are pending and will be released in the weeks ahead. Strong-to-exceptionally strong visual intercepts in several of these remaining 33 holes, supported by X-Ray Fluorescence (XRF) for gold pathfinder elements, indicates drilling has tapped into richly mineralized portions of the system, suggesting the program's best results may yet be to come.
Maps of drill hole locations and drill sections are included below. The same images, along with photos of core, camp and drill sites, can be obtained from the "Downloads" portion of the Company's homepage (scroll down, left) at http://www.gtgoldcorp.ca/.
Comments:
"Saddle is looking better and better the more we get into it," says Kevin Keough, President & CEO. "It's a rich, high-grade system. Continuity is excellent and, based on what we've seen in late program core - including intense chalcopyrite enrichment supported by high XRF readings for an array of gold pathfinders - it has the potential to generate very high grades even beyond what we've witnessed to date. Possibly the best is yet to come. We hit almost anywhere we choose to point the drills and, as a result, we've achieved rapid discovery expansion. Coupled with the consistency of our results - high grades, strong widths and continuity - we're highly encouraged."
"As the much-expanded 2017 Saddle drill campaign comes to a close, we are genuinely excited by the progress and prospects for Saddle and the wider Tatogga property," says Charlie Greig, VP Exploration. "This is unquestionably one of the more significant new gold discoveries to emerge in B.C. in recent years. While our outstanding results at Saddle South are the most exciting on the property to date, our first holes into the large Saddle North system have also yielded what appear to be excellent intersections in what is clearly a robust mineralizing system, and a system with likely porphyry-style elements.
In addition, our increasing knowledge of these mineralizing systems, and particularly of their expression in geology and gold pathfinder element geochemistry, has resulted in renewed interest in other mineralized areas on the property, in particular the extensive Quash-Pass system, which lies approximately 6-8 km to the south of the Saddle area. With an excellent crew of (mostly) young geologists, excellent recent results, and many forthcoming high-potential assays, we're looking forward to the immediate future, analyzing what we have and leveraging the knowledge we've gained during the 2017 season, in planning for 2018."
Table 1 - Saddle Diamond Drill Program Assay Results: Significant intercepts for 17 diamond drill holes, arranged by drill section (see plan view map) are reported below. All 17 holes were drilled into the Saddle South target, located as shown on the accompanying plan and section views. Assays for pending holes will be made public, multiple holes per release, following receipt, QA/QC, and interpretation. Note: widths reported below are drilled core lengths. True widths are estimated to be approximately 90% of drilled lengths for minus 45-degree holes, 70% for minus 70-degree holes, and about 50% for minus 85-degree holes. All assays are performed by ALS Canada Ltd., with sample preparation carried out at the ALS facility in Terrace, BC, and assays at the North Vancouver laboratory. Assay values are uncut. Assay results presented below are fire assay results only. For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption.
Refer to drilling plan view map for location of sections
Section 688mE (Saddle South) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD029 | 180 | -45 | |||||||
Zone | 71.75 | 72.45 | 0.70 | 22.20 | 4.10 | First south azimuth hole to test below glacial till in valley south and west of Saddle South core area | |||
Zone | 129.58 | 133.23 | 3.65 | 5.86 | 63.22 | ||||
Inc. | 131.00 | 132.43 | 1.43 | 11.44 | 115.71 | ||||
Zone | 140.60 | 141.77 | 1.17 | 11.78 | 23.25 | ||||
TTD031 | 0 | -70 | |||||||
Zone | 109.25 | 112.61 | 3.36 | 48.85 | 8.97 | ||||
Inc. | 109.25 | 109.79 | 0.54 | 220.00 | 36.80 | ||||
And | 111.65 | 112.61 | 0.96 | 46.70 | 10.00 | ||||
Zone | 143.10 | 144.00 | 0.90 | 17.10 | 19.80 | ||||
Zone | 221.79 | 225.29 | 3.50 | 5.30 | 2.82 | ||||
Inc. | 222.74 | 223.92 | 1.18 | 11.70 | 6.02 | ||||
Zone | 244.17 | 246.00 | 1.83 | 10.66 | 1.82 | ||||
Inc. | 244.17 | 245.00 | 0.83 | 21.10 | 3.70 |
Section 720mE (Saddle South) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD013 | 0 | -45 | |||||||
Zone | 76.00 | 156.00 | 80.00 | 0.61 | 0.71 | Holes TTD014 and 016 from this pad previously reported | |||
Inc. | 102.89 | 107.00 | 4.11 | 8.35 | 4.71 | ||||
Inc. | 105.00 | 107.00 | 2.00 | 14.86 | 7.50 | ||||
Inc. | 105.00 | 106.11 | 1.11 | 17.60 | 9.90 | ||||
TTD015 | 0 | -85 | |||||||
Zone | 19.58 | 59.17 | 39.59 | 1.14 | 2.58 |
Section 763mE (Saddle South) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD030 | 0 | -45 | |||||||
Zone | 34.34 | 34.95 | 0.61 | 28.40 | 3.50 | 100 metre step-back on TTD007-008-009-010 | |||
Zone | 146.00 | 147.00 | 1.00 | 7.91 | 16.90 | ||||
Zone | 181.43 | 184.97 | 3.54 | 4.04 | 2.63 | ||||
Inc. | 181.43 | 181.90 | 0.47 | 8.51 | 4.60 | ||||
Zone | 189.27 | 189.87 | 0.60 | 13.05 | 9.90 |
Section 800mE (Saddle South) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD017 | 0 | -45 | |||||||
Zone | 28.85 | 140.65 | 111.80 | 0.46 | 2.09 | Same pad as holes TTD018, 019, 020, below | |||
Zone | 107.60 | 108.66 | 1.06 | 6.71 | 138.00 | ||||
Zone | 126.56 | 127.55 | 0.99 | 7.38 | 5.60 | ||||
TTD018 | 0 | -65 | |||||||
Zone | 32.11 | 33.52 | 1.41 | 8.78 | 21.45 | ||||
Inc. | 32.11 | 32.78 | 0.67 | 16.84 | 41.39 | ||||
Zone | 86.13 | 88.68 | 2.55 | 6.89 | 8.40 | ||||
Inc. | 87.00 | 87.56 | 0.56 | 17.10 | 19.00 | ||||
Zone | 127.00 | 132.00 | 5.00 | 6.24 | 15.24 | ||||
Inc. | 129.50 | 130.86 | 1.36 | 10.94 | 24.53 | ||||
TTD019 | 0 | -75 | |||||||
Zone | 21.00 | 24.00 | 3.00 | 4.93 | 4.80 | ||||
Zone | 32.59 | 33.37 | 0.78 | 18.45 | 29.00 | ||||
Zone | 75.00 | 87.15 | 12.15 | 14.75 | 36.23 | ||||
Inc. | 82.00 | 85.16 | 3.16 | 24.34 | 55.40 | ||||
Inc. | 83.00 | 84.00 | 1.00 | 30.10 | 86.00 | ||||
TTD020 | 0 | -85 | |||||||
Zone | 63.60 | 64.42 | 0.82 | 16.75 | 10.30 | ||||
Zone | 77.20 | 78.17 | 0.97 | 10.90 | 37.10 | ||||
Zone | 187.00 | 188.00 | 1.00 | 5.72 | 1.10 |
Section 855mE (Saddle South) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD024 | 0 | -45 | |||||||
Zone | 15.00 | 121.15 | 102.36 | 1.26 | 2.83 | Same pad as holes TTD026 and 027, below | |||
Inc. | 43.56 | 48.00 | 4.44 | 12.37 | 15.40 | ||||
Inc. | 43.56 | 46.73 | 3.17 | 16.75 | 21.18 | ||||
Inc. | 43.56 | 45.00 | 1.44 | 28.40 | 33.76 | ||||
And | 70.05 | 73.08 | 3.03 | 13.65 | 58.29 | ||||
Inc. | 71.05 | 73.08 | 2.03 | 16.52 | 74.40 | ||||
Inc. | 72.56 | 73.08 | 0.52 | 21.40 | 94.80 | ||||
TTD026 | 0 | -65 | |||||||
Zone | 44.53 | 46.23 | 1.70 | 14.09 | 102.61 | ||||
Inc. | 45.54 | 46.23 | 0.69 | 34.40 | 246.00 | ||||
Zone | 63.61 | 65.50 | 1.89 | 6.74 | 76.51 | ||||
Zone | 154.82 | 157.73 | 2.91 | 16.07 | 65.67 | ||||
Inc. | 156.11 | 157.73 | 1.62 | 26.58 | 115.16 | ||||
Inc. | 156.11 | 156.58 | 0.47 | 84.70 | 371.00 | ||||
TTD027 | 0 | -85 | No significant intercepts |
Section 950mE (Saddle South) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD023 | 0 | -45 | Zone | 35.24 | 36.00 | 0.76 | 8.97 | 6.60 | Hole TTD059 (assays pending) located ~250 m east of this section has intercepted mineralization (VG) |
TTD025 | 0 | -65 | No significant intercepts | ||||||
TTD028 | 0 | -85 | No significant intercepts |
Off-Azimuth Holes (Saddle South) (Note: pad located approx. on section 800mE with TTD030, but holes drilled southwest azimuth) | |||||||||
Hole ID | Az | Dip | Zone | From (m) |
To (m) |
Intercept (m) |
Au (g/t) |
Ag (g/t) |
Comments |
TTD021 | 225 | -45 | Off-azimuth hole, drilled SW across zone to test orientation. No significant intercepts | ||||||
TTD022 | 225 | -69 | Off-azimuth hole, undercut to TTD021 to test zone orientation | ||||||
Zone | 121.00 | 128.00 | 7.00 | 13.22 | 15.18 | ||||
Inc. | 121.71 | 126.00 | 4.29 | 20.59 | 23.08 | ||||
Inc. | 124.50 | 126.00 | 1.50 | 30.10 | 30.00 | ||||
Zone | 137.15 | 141.22 | 4.07 | 6.83 | 8.98 | ||||
Inc. | 137.15 | 137.75 | 0.60 | 18.70 | 14.50 | ||||
And | 139.19 | 139.84 | 0.65 | 13.05 | 18.40 | ||||
And | 140.73 | 141.22 | 0.49 | 15.95 | 30.20 | ||||
Zone | 155.25 | 156.00 | 0.75 | 10.51 | 0.25 |
QA/QC Procedures
GT Gold has implemented a rigorous quality assurance / quality control (QA/QC) program to ensure best practices in sampling and analysis of RC chips and diamond drill core, the details of which can be viewed on the Company's website at http://www.gtgoldcorp.ca/projects/tatogga/.
Charles J. Greig, M.Sc., P.Geo., Vice President, Exploration for GT Gold and the Company's Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the maps associated with this press release, please visit the following link: http://media3.marketwire.com/docs/Maps_GTT.pdf
GT Gold Corp.
Kevin M. Keough
President and Chief Executive Officer
(613) 832-4592
GT Gold Corp.
Charles J. Greig
Vice President, Exploration
(250) 492-2331
www.gtgoldcorp.ca