Including 158.00 metres at 1.12 g/t Au, 0.52% Cu (1.35% CuEq; 1.86 g/t AuEq),
and including 80.00 metres of 1.26 g/t Au, 0.56%Cu (1.50% CuEq, 2.05 g/t AuEq),
all within
558.00 metres of 0.61 g/t Au, 0.35% Cu (0.80% CuEq, 1.10 g/t AuEq) in Hole
|
The results from these holes,
The core zone at Saddle North comprises a south-southwesterly-plunging, northerly-elongate body of higher-grade mineralization with down-plunge, strike and width dimensions of 1,200 - 1,600 metres, 200 - 400 metres and 40 - 450 metres, respectively. It expands to depth, displays excellent continuity, and has consistent Cu-Au grades.
The Saddle North mineralized system remains open at depth, and highly prospective targets remain untested along strike to the west and east.
Furthermore, GT Gold’s
Intervals are calculated using a 0.4 g/t AuEq cut-off, a maximum of ten metres of internal dilution for porphyry-style mineralization and no top cut is applied. All intervals are reported as drill widths and are expected between 50% and 85% of true width.
Prices used to calculate CuEq and AuEq are, Au:
Highlights:
Drill holes
- Drill hole
TTD133
intersected 627 metres @ 0.53 g/t Au, 0.37% Cu, 1.23 g/t Ag (0.76% CuEq; 1.04 g/t AuEq) (from 648 to 1,275 metres),- including 362 metres @ 0.73 g/t Au, 0.45% Cu, 1.58 g/t Ag (1% CuEq; 1.37 g/t AuEq) (from 808 to 1,170 metres),
- including 140.69 metres @ 0.94 g/t Au, 0.54% Cu, 2.09 g/t Ag (1.25% CuEq; 1.71 g/t AuEq) (from 864 to 1,004.69 metres),
- including 362 metres @ 0.73 g/t Au, 0.45% Cu, 1.58 g/t Ag (1% CuEq; 1.37 g/t AuEq) (from 808 to 1,170 metres),
- Drill hole
TTD134
intersected 558 metres @ 0.61 g/t Au, 0.35% Cu, 1.28 g/t Ag (0.8% CuEq; 1.1 g/t AuEq) (from 511 to 1,069 metres),- including 324 metres @ 0.82 g/t Au, 0.43% Cu, 1.76 g/t Ag (1.04% CuEq; 1.43 g/t AuEq) (from 745 to 1,069 metres),
- including 158 metres @ 1.12 g/t Au, 0.52% Cu, 2.53 g/t Ag (1.35% CuEq; 1.86 g/t AuEq) (from 809 to 967 metres),
- including 14.26 metres @ 1.23 g/t Au, 0.59% Cu, 3.63 g/t Ag (1.52% CuEq; 2.09 g/t AuEq) (from 827 to 841.26 metres),
- and including 80 metres @ 1.26 g/t Au, 0.56% Cu, 2.75 g/t Ag (1.5% CuEq; 2.05 g/t AuEq) (from 887 to 967 metres)
- including 158 metres @ 1.12 g/t Au, 0.52% Cu, 2.53 g/t Ag (1.35% CuEq; 1.86 g/t AuEq) (from 809 to 967 metres),
- including 324 metres @ 0.82 g/t Au, 0.43% Cu, 1.76 g/t Ag (1.04% CuEq; 1.43 g/t AuEq) (from 745 to 1,069 metres),
Drill hole
- Drill hole
TTD136
intersected 472 metres @ 0.39 g/t Au, 0.32% Cu, 0.93 g/t Ag (0.62% CuEq; 0.85 g/t AuEq) (from 658 to 1,130 metres),- including 303.34 metres @ 0.49 g/t Au, 0.38% Cu, 1.15 g/t Ag (0.75% CuEq; 1.03 g/t AuEq) (from 805 to 1,108 metres),
- including 128.33 metres @ 0.7 g/t Au, 0.47% Cu, 1.44 g/t Ag (0.99% CuEq; 1.36 g/t AuEq) (from 910.67 to 1,039 metres),
- including 30 metres @ 0.95 g/t Au, 0.54% Cu, 1.94 g/t Ag (1.25% CuEq; 1.72 g/t AuEq) (from 929 to 959 metres),
- including 303.34 metres @ 0.49 g/t Au, 0.38% Cu, 1.15 g/t Ag (0.75% CuEq; 1.03 g/t AuEq) (from 805 to 1,108 metres),
“These results continue to demonstrate the robust nature of Saddle North,” CEO
Figure 1 – Saddle North Drill Plan View is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/593eb382-a87c-4a6d-bba3-9e3741ac35ae
Figure 2 – Saddle North Drilling Cross-Section NE-5970 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e6d31e7-ea4d-44e4-b0be-86afb2c992ec
Figure 3 – Saddle North Drilling Cross-Section NE-5570 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d24b020-07a8-40f0-a57f-798261091cf2
2019 Exploration Summary
The company achieved its 25,000 metre goal for 2019 and its 15,000 metre Phase 2 program ended on
The four Saddle South drill holes were drilled in order to obtain structural data of veins in the west-central part of the Saddle South system, as none of the 2017 drill core was oriented. The primary rationale for collecting this data was to better understand the controls on mineralization, with a secondary goal of collecting a representative metallurgical sample along the west-northwest striking and westerly plunging system, which reaches surface in this area on the broad and gently-sloping top of Saddle ridge. In order to maximize the amount of data collected with a minimum number of drill holes, the holes were drilled to the northwest and to the southwest at moderate inclinations, along and across the system.
In addition to the drilling at the Saddle North and Saddle South targets,
Table 1 – Saddle North Assay Results for Drill Holes
From (m) | To (m) | Interval* (m) | Au (g/t) | Ag (g/t) | Cu (%) | CuEq** (%) | AuEq** (g/t) | |
Interval | 648.00 | 1,275.00 | 627.00 | 0.53 | 1.23 | 0.37 | 0.76 | 1.04 |
Including | 808.00 | 1,170.00 | 362.00 | 0.73 | 1.58 | 0.45 | 1.00 | 1.37 |
Including | 864.00 | 1,004.69 | 140.69 | 0.94 | 2.09 | 0.54 | 1.25 | 1.71 |
Including | 1,024.00 | 1,050.00 | 26.00 | 0.96 | 2.18 | 0.53 | 1.25 | 1.72 |
From (m) | To (m) | Interval* (m) | Au (g/t) | Ag (g/t) | Cu (%) | CuEq** (%) | AuEq** (g/t) | |
Interval | 451.00 | 499.00 | 48.00 | 0.19 | 0.56 | 0.19 | 0.33 | 0.45 |
Interval | 511.00 | 1,069.00 | 558.00 | 0.61 | 1.28 | 0.35 | 0.80 | 1.10 |
Including | 745.00 | 1,069.00 | 324.00 | 0.82 | 1.76 | 0.43 | 1.04 | 1.43 |
Including | 809.00 | 967.00 | 158.00 | 1.12 | 2.53 | 0.52 | 1.35 | 1.86 |
Including | 827.00 | 841.26 | 14.26 | 1.23 | 3.63 | 0.59 | 1.52 | 2.09 |
Including | 887.00 | 967.00 | 80.00 | 1.26 | 2.75 | 0.56 | 1.50 | 2.05 |
From (m) | To (m) | Interval* (m) | Au (g/t) | Ag (g/t) | Cu (%) | CuEq** (%) | AuEq** (g/t) | |
Interval | 512.00 | 600.00 | 88.00 | 0.15 | 0.69 | 0.18 | 0.30 | 0.41 |
Interval | 658.00 | 1,130.00 | 472.00 | 0.39 | 0.93 | 0.32 | 0.62 | 0.85 |
Including | 805.00 | 1,108.00 | 303.34 | 0.49 | 1.15 | 0.38 | 0.75 | 1.03 |
Including | 910.67 | 1,039.00 | 128.33 | 0.70 | 1.44 | 0.47 | 0.99 | 1.36 |
Including | 929.00 | 959.00 | 30.00 | 0.95 | 1.94 | 0.54 | 1.25 | 1.72 |
Including | 948.00 | 951.07 | 3.07 | 1.23 | 2.69 | 0.63 | 1.56 | 2.13 |
*Intervals are calculated using a 0.4 g/t AuEq, a maximum of ten metres of internal dilution for porphyry-style mineralization and no top cut is applied. All intervals are reported as drill widths and are expected between 50% and 85% of true width.
**Prices used to calculate CuEq and AuEq are, Au:
Table 2 – Saddle North Drill Hole Collar Information:
Drill Hole (#) | Azimuth* (°) | Inclination* (°) | Length (m) | Elevation (masl) | UTM E (m) | UTM N (m) |
010 | -77 | 1,293.00 | 1,651 | 435,938 | 6,407,928 | |
027 | -72 | 1,107.00 | 1,633 | 435,746 | 6,408,206 | |
010 | -69 | 1,164.88 | 1,651 | 435,938 | 6,407,928 | |
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About
For further information, please contact:
President and Chief Executive Officer Tel: (647) 256-6752 Website: www.gtgoldcorp.ca | Vice President, Exploration Tel: (250) 492-2331 Email: info@gtgoldcorp.ca | |
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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. Neither the
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