GT Gold Corp. is a new company offering investors exciting near-term growth potential. Following years of diligent work, the Company believes it may have found, on its Tatogga property located in British Columbia’s renowned Golden Triangle, a previously unknown, entirely new, high grade gold system.
The target area, known as 'Saddle', has been systematically pinned down firstly, with broadly-spaced regional, and later, with closely spaced local, soil and rock geochemical sampling. The Saddle target as presently understood consists of two separate and sub-parallel WNW trending anomalies that cover at least 1.5 kilometres (Saddle South) and 1 kilometre (Saddle North). As announced on November 30 and December 13, 2016, the Saddle South anomaly has delivered outstanding gold-in-soil values which are believed to reflect an in-situ bedrock source, and suggest high discovery potential.
Saddle South occupies a largely moss and grass covered, saddle-shaped, flat-topped upland ridge of residual soils, with very little outcrop (photo, below). Where parts of the anomalous zones do outcrop, veining and alteration are subtle and not overly apparent. Saddle North occupies a position approximately 250 metres topographically lower than Saddle South, and its strike extent appears to be covered to a considerable degree by glacial deposits. For these reasons the Saddle gold anomalies appear to have been missed by early prospectors and geologists in the region.
Because there is little appreciable gold in local drainages, and no evidence of historical alluvial mining anywhere nearby, management believes the anomalies lie near the top of a potentially intact high grade system - relatively uneroded and covered just enough that old time prospectors and geologists in the region did not find it.
Our plan for 2017 is to get back to Saddle as soon as the weather allows, execute a program of ground based geophysics to help with drill targeting, then put a drill on the ground.
The technical information on this website pertaining to geology, geochemistry, geophysics, and soil and rock assay results has been prepared under the supervision of, reviewed and approved by GT Gold’s Vice President, Exploration, Charles J. Greig, P.Geo., a Qualified Person as such term is defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
A thorough description of the risks associated with the Company’s exploration and other business activities can be found in the Filing Statement of Manera Capital Corp. dated October 28, 2016 and posted to www.sedar.com as of that date. A copy of the Filing Statement may also be downloaded here.
Investors are cautioned that mineral exploration and development involves a high degree of risk, and the exploration targets on GT Gold’s properties are early-stage and conceptual in nature. Very few properties, and very few individual targets which are explored, ultimately develop into producing mines. GT Gold Corp.’s properties do not presently contain mineral “resources” or “reserves”, as those terms are defined in National Instrument 43-101, nor is there any guarantee that they ever shall.
The process of confirming, or alternatively disproving, the presence of resources or reserves on the Company’s properties will require following an exploration and development pathway comprised of sequential steps, the execution of each of which is fraught with risk and predictated on successful results from the step immediately prior to it. Failure at any step generally, though not always, puts an end to exploration or development activities.
As the exploration and development pathway is followed, the metal or mineral content of the area under exploration is quantified and assessed to an increasing degree of certainty, generally by increasing the density of drilling and the amount of sampling and assaying, coupled with volume and grade modelling. With increasing certainty comes, initially, “Inferred” level resources, followed by resources in the “Indicated” and “Measured” categories, none of which have demonstrated economic viability.
Only through the later application of technical (metallurgical, mining, processing, environmental etc.) and economic parameters appropriate to the resources under study, and the completion of prefeasibility and ultimately, feasibility studies by qualified geologists, engineers and geoscientists, can resources potentially be converted to “reserves” (“ore”), which by definition would be potentially economic to mine and process, under the technical and economic criteria utilized in the feasibility study or studies applied to them.
These steps and activities are costly. Should ore reserves ultimately be demonstrated to exist on the Company’s properties, a positive decision to take the ore reserves thus demonstrated to commercial production would not be a given.
In addition to the steps and studies detailed above, a positive production decision would require environmental approvals, the securing of various permits, and consideration and evaluation of additional factors including, but not limited to the cost of construction of production facilities; the availability and cost of financing; anticipated ongoing costs of production; market prices for the minerals to be produced; environmental compliance regulations and restraints (including potential environmental liabilities associated with historical exploration activities); and the political climate and/or governmental regulation and control.