No NI 43-101 technical report is presently available for the New Nanik Property.
The technical information on this website pertaining to geology, geochemistry, geophysics, and soil and rock assay results has been 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.
GT Gold Corp. maintains strict QA/QC protocols for all aspects of its exploration programs. This includes the systematic insertion of blanks and standards into each sample batch. The Company’s work to date on the New Nanik property has consisted of historical data compilation and digitization, airborne geophysics, rock and extensive soil geochemical sampling, some silt sampling, and geological mapping. There has to date been no drilling by GT Gold.
Soils on the property are generally poorly developed and frequently rocky, especially in the areas above tree line. This required the use of a sieve in the field to ensure sufficient fine portion was sampled. Care was taken to note the soil horizon sampled, when sieves were used, the proportion of the soil that was oversize, and any geomorphological features that may affect sampling or results such as the presence of a moraine or drainage.
Depending on the nature of the soil, sampling was completed primarily with an auger or by digging a soil pit, sometimes supplemented with a geotool depending on the rockiness at the sample site. Soil bags were filled with as much sample material as possible. The samples were then collected in individually labeled kraft paper bags, packed in sealed plastic bags, and shipped by transport in sealed woven plastic bags (rice bags) to ALS Minerals laboratory facilities in North Vancouver.
Upon receipt at the lab soil samples were dried and screened to -200 mesh. All samples were then analyzed by ALS using their TL42-PKG analysis package, consisting of ME-MS41 and Au by Aqua Regia with ICP-Finish. This package gives 41 elements through aqua regia digestion of a sample of 15 g nominal weight followed by ICP-AES and ICP-MS analysis while the additional gold ICP analysis allows a much lower detection threshold for gold.
Rock samples were collected predominantly where visible mineralization, veining or alteration indicated a zone of interest, while others were taken as hand samples or for investigation of the geochemistry of the less altered and mineralized rock. Sample locations were GPS’d, and rocks were bagged, tagged and numbered for shipment to ALS. Upon receipt by the lab, rocks were dried, crushed, screened to 2mm, split, and the split pulverized to a -200 mesh. They were then analyzed using the same TL44-PKG analysis package, consisting of ME-MS41 and Au by Aqua Regia with ICP-Finish, as used for the soils.
The New Nanik property is located in west-central B.C. approximately 100 kilometres southeast of Terrace, and 35 kilometres west of Imperial Metals / Mitsubishi’s Huckleberry Cu-Mo mine.
The property is accessible only by float plane or by helicopter. Fixed-wing and helicopter services are available from both Smithers (119km to the northeast) and Terrace (100km to the northwest). The Huckleberry Mine, located approximately 35km to the east, is the nearest point with road and grid power access.
New Nanik comprises 29 contiguous mineral claims totalling approximately 13,330.45 hectares.
GT Gold Corp. holds 100% of the New Nanik property subject to the terms of an underlying property option agreement the sole remaining unfulfilled terms of which include the payment of $25,000 cash on or before the first anniversary of listing (November 22, 2017), $50,000 on the second anniversary, $50,000 on the third anniversary, and $50,000 on the fourth anniversary. In addition, in the event that production is in future achieved from the property, a 2% Net Smelter Returns royalty will be payable to the property optionors, 1% of which may be bought back for $1,500,000 within five years from the date at which production begins.
The New Nanik property remains in good standing until June 1, 2018, with no property work commitments required in the interim.
Fieldwork (sampling, mapping etc.) can normally start at lower elevations in early June and at the upper elevations by July, continuing through to early October, weather permitting.
The New Nanik property hosts strong copper and molybdenum in soils over an area of approximately 2000 X 500 metres, associated with a large, NNE trending, intensely altered, shattered and faulted contact zone between intrusives and Hazelton volcanic rocks. The zone was first noted by the Geological Survey of Canada in 1924, and was the target of trenching and 33 historical holes (map, below) between 1967 and 1991, along with ground IP and magnetics. Historical drilling results were encouraging, with many holes returning intercepts of >0.2% Cu plus Au, Ag and Mo credits for lengths up to 200 metres, some bottoming in mineralization. Sampling was however spotty and many intervals were not sent to the lab. A best intercept of 48.8 metres of 0.6% Cu, 0.3 g/t Au, 20 g/t Ag, and 0.02% Mo within a longer intercept of 85.3 metres of 0.48% Cu, 0.26 g/t Au, 15.4 g/t Ag, and 0.01% Mo was achieved in hole GR-69-03. It should be noted that these historical results have not been independently confirmed by GT Gold, as the core has been destroyed and/or lost. The results should therefore not be relied upon. However, as work at the time is believed to have been carried out to workmanlike standards, the historical results are believed to be reasonably indicative of the nature and tenor of the mineralization that exists on the New Nanik property.
In 1991, following five holes by Canamin who planned to continue work the following year, the New Nanik property was placed into a mineral reserve set-aside by the BC Government for a proposed hydro project which was subsequently cancelled. In 2011 the area encompassed by the current property was removed from the mineral reserve and came open for staking. In 2012, GT Gold subsidiary New Chris Minerals Ltd. optioned the property and restarted exploration activity.
GT Gold’s wholly-owned subsidiary New Chris Minerals Ltd. optioned the New Nanik property in 2012. During the 2012 field season a geochemical soil grid was established over the main showing area, encompassing all previous drilling and expanding the footprint of historical exploration. This soil sampling was accompanied by geological mapping of the soil grid area and an airborne magnetic (images, below) and radiometric geophysical survey.
During the 2012 soil sampling program a total of 1,688 soil samples and 30 rock samples were taken, focused over the zone of historical drilling. The soil results show (map, below) a distinct north-south trending zone of elevated copper and molybdenum. The highest values appear localized to a linear zone approximately 150 m wide that is known to contain fault gouges and abundant small-scale contacts between granodiorite phases, subvolcanic dykes, and more intense alteration. These anomalous values continue at a lower grade into the host rock for almost 1 km.
In addition to the field work, New Chris Minerals invested significant time into capturing historical drilling information in a computer database with a view to using that data to assist with siting future drilling on the property. This work included the correlation of lithological descriptions from the various years of historical drilling based on lithologies observed on the ground during 2012 mapping. Geochemical, alteration and mineralization information was also captured from the original logs. This information was then used to generate downhole plots for display (image, below) within 2D and 3D GIS for interpretation and drill-planning purposes.
Key observations from this work include: a) many examples of drill holes where mineralization recorded in the drill logs continues outside of intervals that were sent to the laboratory (e.g. holes GR-69-05A and GR-69-11), and b) the surface geochemistry shows a very good correlation with historical drilling results.
The New Nanik property offers excellent potential. However, at this point in time no specific plans for further exploration have been formulated.