GT Gold Corp. is a new company focused on exploring for gold in the geologically fertile terrain of British Columbia’s Golden Triangle. The company’s flagship asset is the wholly-owned Tatogga property, located off highway 37 in northern B.C., upon which we have developed, from grass-roots exploration in the period since 2011, the Saddle gold prospect.
The Saddle prospect consists of separate and sub-parallel WNW trending gold-in-soil geochemical anomalies that at present cover at least 1.5 kilometres (Saddle South) and 1 kilometre (Saddle North). The soil anomalies are of high tenor and are believed to reflect in-situ bedrock gold mineralization, suggesting strong discovery potential.
Possibly because the Saddle anomalies occupy a largely moss and grass covered area above treeline, with very little outcrop, visible veining and alteration, they were missed by early prospectors and geologists and have never been drilled.
Late in 2016 the Company closed, with the participation of prominent figures in the industry, a $2,520,000 financing. With the proceeds of this financing we intend to carry out, next summer, the first-ever drilling at Saddle. This effort will be led by our highly experienced and qualified team of industry-knowledgeable veterans, who are familiar with the area.
Genuinely new discoveries are uncommon in our business. GT Gold’s management feels fortunate to be working toward, at Saddle, what may be the industry’s next.