GT Gold Corp. has two property assets: it’s flagship ‘Tatogga’, which hosts the Saddle South and Saddle North discoveries, and a low-priority property called ‘New Nanik’, both located in the province of British Columbia, Canada.
GT Gold’s 44,206 hectare flagship property, Tatogga, is located in northern B.C. west of the village of Iskut, and directly accessible from paved highway 37. The primary target area of interest on the property is Saddle, comprised of a new, high-grade epithermal gold-silver discovery achieved at the Saddle South prospect in summer 2017, and a very large new copper-gold + silver porphyry intrusive discovered nearby at Saddle North at the close of the same year. The Saddle discoveries emerged following successive soil and rock sampling programs carried out by GT Gold’s wholly-owned exploration subsidiary New Chris Minerals Ltd. in 2013, 2014 and 2016, coupled with geophysics in 2017.
A third target of merit on the Tatogga property, Pass Gossan, is located seven kilometres southwest of Saddle. This target was also developed by New Chris Minerals Ltd. through soil geochemical sampling programs carried out in 2012 and 2013, the results of which revealed a strong, 1,200 metre long copper anomaly. Sampling at the time also revealed a gold and related pathfinder element (Zn, Pb, As, Ag) anomaly, informally called Valleyside, spanning the mouth of the Pass Creek valley. Although initially interpreted as primarily a copper prospect, follow-up prospecting and sampling carried out over this area in the summer of 2017 returned encouraging assays from grab samples, including local high-grade gold (highs to 14.6 g/t Au), silver (highs to 995 g/t Ag) and copper (highs to 4.15% Cu). These results suggest the combined Pass Gossan–Valleyside target area may be analogous to Saddle, possibly encompassing mineralized porphyry intrusives and epithermal-style precious and base metals mineralization.
The Pass Gossan and other historically known zones and showings on the Tatogga property warrant further work but shall for the time being assume a lower priority while exploration at Saddle is expedited
GT’s New Nanik property, located in west-central B.C. approximately 100 kilometres southeast of Terrace, encompasses 1,434.26 hectares. The property has no road access. It does however, have strong copper and molybdenum in soils over an area of approximately 500 X 2000 metres, associated with a large northeast tending faulted contact zone. This zone was the target of trenching and some 33 historical holes in the 1967-1991 timeframe, along with ground IP and magnetics. 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.
The New Nanik property is believed to offer excellent exploration potential. However, at this point in time GT Gold has no plans to carry out additional work upon it.