GT Gold is focused on exploring for base and precious metals in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. The Company’s flagship asset is the wholly-owned, 46,827 hectare Tatogga property, located near Iskut, BC, upon which it made two significant discoveries in 2017 and 2018 at its Saddle prospect: a precious metal rich vein system at Saddle South and a gold-rich copper porphyry at Saddle North.
A total of 31,397 metres, comprising all historical Saddle North drill core, was relogged in detail over the period from December 2019 through March 2020 to develop a robust three-dimensional geological model for Saddle North, which was released on April 29, 2020. GT Gold is currently in the process of preparing an independent NI 43-101 compliant technical report to support its initial resource estimate for Saddle North which expected to be completed by the end of the second quarter of 2020. A Preliminary Economic Assessment (“PEA”) study for Saddle North is currently on schedule for completion over the fourth quarter of 2020.
GT Gold continues to generate exploration targets on the Tatogga property, in part by undertaking further greenfields-style exploration (soil geochemistry, Induced Polarization surveys and field mapping), as well as reassessing the substantial historical exploration datasets gleaned from Assessment Reports for the district, which have been archived by the Ministry of Mines of B.C. The results of this work highlight two main areas for follow-up in the 2020 summer field program: 1) the greater Saddle area adjacent to the known Saddle North and Saddle South discoveries, where four principal targets have been outlined; and 2) the Quash-Pass area, where two large-scale anomalous trends and several adjacent individual target areas have been defined. An initial 10,000 metre diamond drill program has been budgeted as a first phase of following on these high priority targets.