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GTA Resources and Mining Inc.
Summary
| Project: | Big Duck Lake | |
|---|---|---|
| Deposit: | Coco-Estelle Gold Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-1-2018: GTA Resources and Mining Inc. announces an Exploration/Drilling Update report for its Coco-Estelle Gold Zone deposit at the Big Duck Lake project. Drilling results incl. 44.0m @ 1.65g/t Au from 37.0m. Burlington, Ontario- (Newsfile Corp. - Janu | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Wayne Reid (Internal) | |
| ABSTRACT: | Burlington, Ontario- (Newsfile Corp. - January 15, 2018) - GTA Mining and Resources Inc. (TSXV: GTA) ("GTA" or the "Company") reports drill results from the initial phase of drilling on its 100% owned Big Duck Lake Property (the "Property") located 25 km north of Schreiber, Ontario. The drill program consisted of four (thin wall BQ size) holes totaling 512 metres targeted on the Coco-Estelle Gold Zone. All holes hit the Zone. Management considers this program to have been highly successful. Results include 1.96 grams per tonne (g/t) gold over 11.0 metres (m) in hole 17-01, 5.90 g/t gold over 5.0 m in hole 17-02 and 3.05 g/t gold over 8.0 m in hole 17-03. One sample from BD17-01 assayed greater than 10ppm gold and is being re-assayed using gravimetric finish. The Coco-Estelle Gold Zone is described as an 8 to 30 meter wide zone of strongly altered and sulphidized mafic volcanic along the hanging wall of an altered gold anomalous quartz feldspar porphyry (Big Duck Lake Porphyry). GTA owns 100% of the Big Duck Lake Property. The Property, consisting of 65 claim units, is within the Hemlo-Schreiber Greenstone Belt and is centred on an altered gold-rich porphyry, which in management's opinion is similar to rocks which host the Hemlo Gold Mines mineralization. Big Duck Lake covers six kilometres of prospective geology containing numerous gold and base metal showings including the Coco-Estelle Deposit, with a historic resource of 53,700 tonnes grading 10.7 g/t gold. The Property also has excellent base metal possibilities as the claims are located 4 km west of and in management's opinion on strike from the past producing Winston Lake Zinc Mine, which produced 2.68 million tonnes of 1.05% copper, 12.05% zinc, 1.07 g/t gold and 31.37 g/t silver. Previous exploration on the Property has defined 46 gold and base metal showings, many of which have had little follow-up work. (Note — The Coco-Estelle resource was calculated by third parties, is not NI43-101 compliant, and cannot be relied upon without further confirmatory work.) | |
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