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GT Gold Corp.
Summary
| Project: | Tatogga | |
|---|---|---|
| Deposit: | Saddle South | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 1/16/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2020: GT Gold Corp. announces an Exploration/Drilling Update report for its Saddle South deposit at the Tatogga project. Drilling results incl. 53.73m @ 10.00g/t Au, 46.84g/t Ag from 93.27m. VANCOUVER, British Columbia, January 16, 2020 (GLOBE NEWSWI | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Charles Greig (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, January 16, 2020 (GLOBE NEWSWIRE) -- GT Gold (TSX-V:GTT) (the “Company” or “GT Gold”) is pleased to announce results from the final four drill holes from its 15,000-metre Phase 2 exploration program at its 100% owned Tatogga property in northwest B.C. The drill holes were drilled at the Saddle South Au-Ag vein system and were the only holes drilled there in the 2019 campaign (Figures 1 - 4; Tables I and II). All drill holes have now been reported from 2019 drilling at both the Saddle North Cu-Au porphyry system and at Saddle South. Drill holes TTD135, TTD137, TTD139 and TTD140 (Figures 1, 2 and 3) were westerly inclined holes that were drilled obliquely across the general east-west trend of the western part of the westerly-plunging Saddle South mineralized vein field, from near the top of Saddle South ridge, close to where the 2017 discovery holes were drilled. The 2019 holes were drilled at high angles to the general trend of previously drilled Saddle South holes. The primary objective was to obtain oriented core data to better understand the controls on mineralization and to collect a representative metallurgical sample from the target. The results from these holes help demonstrate the continuity and consistency of Au-Ag mineralization at Saddle South, and all four drill holes yield vein, dike and lithological data that will be critical to building geological and resource models for Saddle South. The drill holes also confirm the interpretation that the Saddle South mineralized zone represents a westerly-plunging vein field of sulphide-rich and local sulphosalt-bearing extensional veins and local vein-breccias. The mineralization delineated to date defines a near-surface zone of at least 500 metres strike length, over 100 metres width, and which can be traced to more than 500 metres below surface. The relatively wellconstrained central and western parts of the Saddle South zone are part of the larger but less well-defined Saddle South system that strikes a further 600 to 700 metres eastward, for a total strike length of well over a kilometre. The Saddle South zone remains open at depth, to the east, and to the west, where it appears to change to a southerly trend. | |
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