Projects

Tatogga

  • Reports
  • QP & QA/QC
  • Details
  • Saddle
  • Pass Gossan
  • Photos

Technical Reports

Full particulars of the Company’s flagship Tatogga property may be found in a technical report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, by authors Cornelis Dekker, Pr.Sci.Nat. and Clinton P. Smyth, P.Geo, dated August 12, 2016, which has been filed on SEDAR at www.sedar.com. A copy of the technical report may also be downloaded here. Additional property related information may be found in news releases put out by the Company since the closing of the reverse takeover transaction that resulted in the creation of GT Gold Corp. on November 10, 2016.

Qualified Persons

The technical information on this website pertaining to geology, geochemistry, geophysics, soil and rock sample assays, and drill assays, 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.

QA/QC – Reverse Circulation (“RC”) Drilling Samples

RC Sampling Procedure

Dust & rock chips from each 1.5 metre drill rod are deposited in a 20 litre plastic pail, and the bucket of sample (approximately 18 kg of material) is dumped into a splitter.  1/8th (+/-2kg) of material goes into a 12x20 plastic bag for the assay sample.  The remaining 7/8th goes into a 24x36 plastic bag to be retained at the sample site.  The assay sample bag is tagged with a number and recorded in a sample tag book, then sealed with a zap strap and placed in a rice bag for transport back to camp.  Retention bags are labeled with depth and arranged in order at the drill pad, in case resampling is required.  Coarser rock chips are sieved out of the retention bag and placed in a chip tray for logging.  The sampler checks the depth on the retention bag, the sample tag number and the depth of that sample in the sample tag book to ensure samples match.  The sampler then cleans the splitter, puts new bags on and gets ready for the next sample. 

RC Control Sample Insertion

Every 15th RC sample is a control sample, alternating between blanks and standards.  Control samples are written into ALS Canada Ltd. sample tag books before the start of drilling. Blanks weigh +/- 1 kg and are comprised of granite sourced in Terrace, B.C.  Gold standards are sourced from CDN Resource Laboratories Ltd. of Langley, B.C. and consist of low, medium and high-grade standards, each weighing 150 grams, as follows: GS-P4F (0.362g/t Au), GS-3Q (3.30 g/t Au) and GS-11B (11.04g/t Au)

RC Duplicate Insertion

At the end of each RC hole, two duplicates are collected, picked by the site geologist.  The first duplicate is the most strongly mineralized (tested by portable XRF) and the second duplicate is non-mineralized.  Duplicates are collected by running material from the retention bag through the splitter, as per normal samples.  Testing the mineralized duplicate before the non-mineralized duplicate tests cleaning the splitter and the crusher in the lab.

RC Portable XRF Analysis

Samples from the RC drill are returned to camp at the next shift change.  All samples are then analyzed on site by portable XRF: the entire sample bag is placed in the sampling chamber on a desktop XRF instrument mount and analyzed through the poly bag.

Sample Preparation and Shipment

Individually tagged and labelled samples are placed in rice bags and each rice bag sealed with numbered security tags.  Samples are stored in camp or in a locked shed at Bear Paw Ranch Resort.  Samples from several RC holes are batched and shipped as a single shipment, with each shipment identified with a unique ID number.  Security tag numbers are recorded prior to shipping and security tags checked upon receipt at ALS, and sent back to GT where they are checked against the recorded tag numbers.  Samples are driven from Bear Paw to ALS Terrace by GT Gold personnel.

Sample Assaying

Upon arrival in Terrace samples are processed through the ALS sample tracking system which is an integral part of the company’s Laboratory Information Management System (LIMS). This system utilizes bar coding and scanning technology to provide complete chain-of-custody records for every stage in the sample preparation and analytical process, thereby helping to limit the potential for sample switches and transcription errors.   Samples are then prepared as per ALS protocol PREP 31B using a jaw crusher, which is cleaned with compressed air between samples, resulting in 70% of the sample passing through a 10-mesh screen.  A 1000-gram split of the crushed sample is then pulverized to 85% passing through a 200-mesh screen.

Pulps are then sent by ALS to their facility in North Vancouver, British Columbia, for multi-element analysis using Inductively Coupled Plasma (“ICP”) atomic emission spectroscopy, and standard fire assays for gold.  The ALS facilities in Terrace and Vancouver are accredited by the Standards Council of Canada to the ISO/IEC 17025 standard. 

Multi-element analysis is performed as per ALS protocol ME-CIP61m, which involves the four-acid digestion of 0.25 grams of sample material, the residue of which is topped up with dilute hydrochloric acid and the solution analyzed by ICP-AES for 61 trace elements, several of which (As, Pb, Cu, Zn) are important gold pathfinders in the Saddle mineralization. 

For gold, fire assays are performed in North Vancouver as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t calculated gravimetrically, and lower-grade samples measured by atomic absorption (“AA”).  Over limit Au (>100 g/t Au) is additionally subjected to gravimetric reanalysis as per ALS protocol Au-GRA22. All samples returning greater than 10 g/t gold from initial assaying are additionally sent for screen metallics analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that the coarse grained, nuggety gold fraction is captured. 

Duplicate pulps and coarse rejects from the prepared samples are stored onsite by ALS for future reference.

Sample Batch Acceptance

QA/QC sample results are plotted by the managing Project Geologist using QCMine Excel-based software from Analytical Solutions Ltd.  Blanks fail if they contain >0.05ppm Au.  Standards fail if they are more than 2 standard deviations above or below the accepted value for the standard.  If two standards in a row fail or if a standard fails by >3SD, the entire shipment is rerun.  If only 1 standard fails by <3SD, that standard is rerun with a shoulder of 5 samples before and after it (11 resamples).  If all control samples pass, the batch is accepted.  No sample batches are failed based on duplicates.  In cases of strong disagreement between originals and duplicates, the lab reruns the original and the duplicate.  If results of the second analysis are still very different, RC samples are collected from the retention bags.  If results are still different, those samples are flagged for coarse metallic reanalysis. 

QA/QC – Diamond Core Drilling Samples

GT Gold has implemented the following quality assurance/quality control (QA/QC) procedures for the Saddle diamond drilling program:

Sampling Procedure

HQ (63.5mm) diameter drill core is logged by geologists then sawn in half on-site, with one side bagged and labelled; the remaining half is placed in core boxes to serve as a permanent record and stored in core racks on site.   Core sample lengths vary from 0.3 to 1.5 metres, though generally averaging a metre. 

Control Sample Insertion

Control samples consisting of blanks and standards (one low-grade, one mid-grade, one high-grade), and field duplicates (1/4 split cores), are inserted sequentially at least every 25th sample into the drill core samples before shipment with control samples rotating sequentially through blank, low-grade, mid-grade and high-grade standards.  Standards, each weighing 150 grams, consist of a low-grade (GS-P4F (0.362 g/t Au)), a mid-grade (GS-3Q (3.30 g/t Au), and a high-grade (GS-11B (11.04 g/t Au)) gold standard sourced from CDN Resource Laboratories of Langley, B.C.  Blanks weigh +/- 1 kg each and consist of granite sourced from Terrace, B.C. 

Duplicate Insertion

Every sample in the sample book ending in “XXXX40” or “XXXX00” is duplicated.  Samples ending in 40/80 are the originals, and the next sample in sequence (41/91) is the duplicate.  The logging geologist staples tags for both original and duplicate together in the core box at the start of the original sample, and labels the duplicate sample tag with “DUP” in red permanent marker.  The core cutter then cuts the sample normally, replacing the left half of core in the box, then cutting the right half of the core in half again.  The left-hand quarter core is the “original” and the right-hand quarter core the “duplicate.”

Sample Preparation and Shipping

Individually tagged and labelled samples are placed in rice bags and each rice bag sealed with numbered security tags.  Samples are stored in camp or in a locked shed at Bear Paw Ranch Resort.  Samples from several holes are batched and shipped as a single shipment, with each shipment identified with a unique ID number.  Security tag numbers are recorded prior to shipping and security tags checked upon receipt at the lab, then sent back to GT where they are checked against the recorded tag numbers.  Samples are driven by GT Gold personnel from Bear Paw to the ALS Canada Ltd. (Minerals division) sample preparation facility in Terrace, for crushing, pulverization and pulp preparation. 

Sample Assaying

Upon arrival in Terrace samples are processed through the ALS sample tracking system which is an integral part of the company’s Laboratory Information Management System (LIMS). This system utilizes bar coding and scanning technology to provide complete chain-of-custody records for every stage in the sample preparation and analytical process, thereby helping to limit the potential for sample switches and transcription errors.   Samples are then prepared as per ALS protocol PREP 31B using a jaw crusher, which is cleaned with compressed air between samples, resulting in 70% of the sample passing through a 10-mesh screen.  A 1000-gram split of the crushed sample is then pulverized to 85% passing through a 200-mesh screen.

Pulps are then sent by ALS to their facility in North Vancouver, British Columbia, for multi-element analysis using Inductively Coupled Plasma (“ICP”) atomic emission spectroscopy, and standard fire assays for gold.  The ALS facilities in Terrace and Vancouver are accredited by the Standards Council of Canada to the ISO/IEC 17025 standard. 

Multi-element analysis is performed as per ALS protocol ME-CIP61m, which involves the four-acid digestion of 0.25 grams of sample material, the residue of which is topped up with dilute hydrochloric acid and the solution analyzed by ICP-AES for 61 trace elements, several of which (As, Pb, Cu, Zn) are important gold pathfinders in the Saddle mineralization.  

For gold, fire assays are performed in North Vancouver as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption.  Over limit Au (>100 g/t Au) is additionally subjected to gravimetric reanalysis as per ALS protocol Au-GRA22.  All samples returning greater than 5 g/t gold from initial assaying are additionally sent for screen metallics analysis using the remainder of the pulp (~950 grams of sample). This step is taken to ensure that the coarse grained, nuggety gold fraction is captured. 

Duplicate pulps and coarse rejects from the prepared samples are stored onsite by ALS for future reference.

Sample Batch Acceptance

QA/QC sample results are plotted by the managing Project Geologist using QCMine Excel-based software from Analytical Solutions Ltd.  Blanks fail if they contain >0.05ppm Au.  Standards fail if they are more than 2 standard deviations above or below the accepted value for the standard.  If two standards in a row fail or if a standard fails by >3SD, the entire shipment is rerun.  If only 1 standard fails by <3SD, that standard is rerun with a shoulder of 5 samples before and after it (11 resamples).  If all control samples pass, the batch is accepted.  No sample batches are failed based on duplicates.  In cases of strong disagreement between originals and duplicates, the lab reruns the original and the duplicate.  If results of the second analysis are still very different, samples are collected from the retained core.  If results are still different, those samples are flagged for coarse metallic reanalysis. 

Location

The Tatogga property is located in the very rugged Stikine region of northwestern British Columbia, Canada, on the Klastline Plateau, within the area generally referred to as the “Golden Triangle”.

Location of Tatogga Property and Golden Triangle Golden Triangle Area Play

Access & Infrastructure

Access is gained from paved Highway 37, which runs up the east side of the property. The nearest community is the village of Iskut and, some 70 kms to the north, the larger town of Dease Lake. Scheduled air services are available at Dease Lake, and helicopter and lodge services from bases in both communities, or nearby. The recently constructed BC Hydro Northwest Transmission Line, which serves the new Red Chris copper-gold mine to the east of Tatogga, provides high voltage grid power to the area.

Size

The Tatogga property is comprised of 105 contiguous claims totalling 30,755.79 hectares, as well as three small satellite claims.

Tatogga Property

Ownership

GT Gold Corp. holds 100% ownership of the Tatogga property, subject to the terms of an underlying property option agreement, the sole remaining unfulfilled terms of which include the payment of $50,000 cash on the first anniversary of listing (November 22, 2017), $100,000 on the second anniversary, $100,000 on the third anniversary, and $100,000 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 that production begins.

Physiography, Climate and Field Season

The topography on the Tatogga claims is diverse (photos, below), encompassing relatively flat to rolling hills atop local plateau areas, some precipitous mountain peaks and extreme slopes, and deeply incised valleys. Elevations range from about 823 metres (2,700 feet) above sea level in the valley bottoms to 2,103 metres (6,700 feet) in the upland areas. Vegetation consists primarily of poplar, alder, spruce and fir at the lower elevations but the plateaus are almost completely above the tree-line, which generally lies around 1,370 metres (4,500 feet). Permanent, though receding, glacial ice can be found locally on some of the steepest north-facing mountain slopes and nearby valleys, notably immediately adjacent to and south of the Saddle target area. Typical daytime temperatures range from the mid to upper 20s Celsius in summer to its precise opposite below zero in winter. Precipitation averages about 100 cm a year, with deep accumulations of snow common in winter.

View Southeast Toward Glacier Above Saddle South (Grassy Tableland - Left) Saddle South Cover Vegetation - Viewed Southeast Saddle Target Area Topography, Viewed Northeast

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 drilling season can in theory be considerably longer, potentially commencing in May and running through to November, subject mainly to wind and cloud conditions at upper levels, which can prevent flying to service operations. Drilling programs have continued well into November at the nearby Red Chris mine where weather conditions are similar.

First Nation Relationships

The Company has to date and intends to operate in a manner that is respectful of the land, waterways and wildlife, respectful of the Tahltan First Nation upon whose traditional territories the Tatogga property is located, and respectful of the routines and traditional usages of the land by individual members of the Tahltan First Nation. The Company is and shall remain open in its communications, and will strive to ensure the community derives real and sustained benefit from its activities in the area.

Permitting & Work Requirements

GT Gold Corp. is in possession of a valid exploration permit from the B.C. Ministry of Energy and Mines, which allows for pending camp, drilling and related exploration activities on the Tatogga property.  From time to time however, contingent upon exploration success, it may be necessary to apply under these permits for an expansion of the range or scale of activities envisaged.

History

The area now encompassed by the Tatogga property has seen sporadic exploration (mapping, geophysics, rock and soil geochemical sampling) in the years since 1959 by various operators such as Noranda Exploration, Teck Corp., and Ascot Resources. This work, detailed in the August 12, 2016, Tatogga NI 43-101 technical report, resulted in the discovery of a considerable number of base and precious metals showings, mostly concentrated in the southwestern portion of the property. However, of the two key target areas that currently constitute GT Gold’s primary exploration prospects on the property, only one - Pass Gossan - was historically known to prior operators. The more important target of the two - Saddle - is an entirely new find identified only in the period since 2013. The nearest and only historically known samples to the site of the recently identified Saddle anomalies were five rock samples with elevated values of gold taken in 1991 from a site in the valley bottom approximately 1.5 kilometres distant, downslope of and lateral to, the newly defined anomalies, and never followed up.

Work by GT Gold

GT Gold’s now wholly-owned subsidiary, New Chris Minerals Ltd., acquired the Tatogga property in June 2011. Later that year and in 2012, most of the property was flown with magnetics. This work was followed in 2012 by initial mapping and, in 2013 and 2014, systematic geochemical soil (more than 1,800 samples) and rock sampling of the area that ultimately emerged as the Saddle target, as well as the Pass Gossan and adjacent Quash target area seven kilometres to the southwest.  Clinton Smyth, P.Geo, shown below left, New Chris VP Exploration at the time, oversaw the planning and execution of these sampling and mapping programs, much of which was carried out in the field by or under the direct oversight of geologist Emily Miller (below, right).  A ground based induced polarization (IP) survey was also carried out in 2014 over the Quash-Pass Gossan target area.

Clinton Smyth P.Geo and Emily Miller, GIT at Saddle North 2014

Saddle Gold Target

The Saddle Target is an entirely new gold prospect, comprised of two separate and sub-parallel WNW trending anomalies (map, below) that as presently understood cover at least 1.5 kilometres (Saddle South) and 1 kilometre (Saddle North). Saddle South occupies a largely moss and grass covered, saddle-shaped, upland ridge and tableland of residual soils, with very little outcrop. Where parts of the anomalous zones do outcrop, veining and alteration are generally subtle, although high values on its western edge correspond with locally rusty-weathering quartz-sericite-pyrite altered volcanic host rocks. Saddle North occupies a position approximately 200 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 overlooked by early prospectors and geologists in the region.

Saddle Gold Soil Geochemistry Saddle Viewed to the Southeast

The Origins of Discovery

Successive programs of rock and soil geochemical sampling in 2013 (879 samples) and 2014 (939 samples), planned and overseen by New Chris geologist Clinton Smyth, P.Geo (photo, below, left), with field execution by GIS Emily Miller (below, right), had demonstrated highly anomalous (i.e. >0.1 g/t) gold-in-soil across a broad area at Saddle.  The company, then private, was unable to advance the property due to depressed markets, and it sat until early 2016.

Clinton Smyth P.Geo and Emily Miller GIT at Saddle North 2014

In April 2016, well known B.C. geologist Charles Greig, P.Geo (photo, below left), reviewed the previous rounds of work and recognized the results as truly outstanding.  Accordingly, in August 2016, he traveled to Tatogga and collected at his own expense a total of 33 sequential soil samples at roughly ten metre intervals in a single line along a subtle east-west topographic low, now known to represent a structure, which transects the Saddle South anomaly.  The 11 of 33 samples initially assayed returned an average value in soils of 0.80 ounces per short ton Au or 27.30 grams per metric tonne Au, with a median soil assay of 14.75 g/t Au. Given that a soil sample grade of 100 ppb (0.1 g/t) Au is typically viewed as noteworthy, and the low from the initial samples was 1500 ppb (1.5 g/t) Au, the 11 initial soil assay results were considered exceptionally strong.

VP Exploration, responsible for the discovery, Charlie Greig, pointing to the pot of gold, July 24, 2017 Saddle South Soil Assay Results Nov 29, 2016

In follow-up, a team of CJ Greig samplers was rushed back to the property where they collected, in early October working in the season’s first snow, a further 265 soil samples on a 25X25 metre grid covering the immediate area of the 33 August samples.

Results for the remaining 22 soil samples from August 2016, in addition to the 265 additional soil samples taken in October, were received in early December, 2016. Assays from both programs were found to closely compare statistically with those of the two previous soil sampling programs carried out over Saddle by New Chris Minerals in 2013 and 2014. Datasets for all programs were therefore combined and modeled, allowing for a greatly improved understanding of the Saddle South anomaly.

The Saddle South anomaly presently spans at least 1.5 kms in an east-west direction and, as shown on the maps below, contains an irregular core of very high gold-in-soil values as defined by contoured values exceeding 500 ppb (0.5 g/t) Au. Excluding a lobe of high gold-in-soil values in the eastern reaches of the anomaly, the core zone spans a distance of approximately 300 metres E-W by 225 metres N-S, and it remains open to the west under cover. This core of very high gold-in-soil values is itself encompassed by a considerably larger anomaly of lower tenor but still excellent values, as evidenced by the +100 ppb (0.1 g/t) Au contour on the accompanying figures. The +100 ppb Au anomaly remains open to both east and west within the 1.5 km-long Saddle South trend.

Saddle South Gold-in-Soil Anomaly Saddle South Anomaly Close-Up

Excluding the eastern lobe of high gold-in-soil values, a total of 58 samples from all soil sampling programs (2013, 2014, 2016) fall within the core area of the +500 ppb (0.5 g/t) Au contour. The assays for these 58 samples have returned an average value in soils of 7.43 grams per tonne Au (0.22 ounces per ton). The median soil assay falls between 1.61 and 1.80 g/t Au. 33 of the 58 samples (57%) returned assays greater than 1 g/t Au. 11 of the 58 samples (19%) returned assays greater than 10 g/t Au, with highs to 72.3 g/t Au.

Discovery Drilling, July 2017

Following on the impressive results of the earlier rounds of soil geochemical sampling, the Company commenced in June this year, under the guidance and direct supervision of Charlie Greig, P.Geo, a first-ever drill program focused on the Saddle South portion of the broader Saddle target area. In the first stage of this program, a track-mounted RC drill was used to quickly prospect, in the absence of outcrop, various parts of the strong Saddle South gold-in-soil anomaly.  Chips from the RC drill were then analyzed directly in the field with a portable XRF instrument for key pathfinder elements – As, Pb, Cu, Ag and Zn – known from the 2016 and previous years soil and rock geochemical work to accompany gold at Saddle (the portable XRF does not generally detect gold itself). 

The expectation was that the early RC visual drill results (i.e. the presence of sulphide minerals), coupled with analytical results from the XRF, would vector the later RC drilling to the source of the gold-in-soil anomaly.  This approach ultimately proved successful. 

Following several early prospecting holes which did not return significant XRF values, the Company achieved a discovery intercept in hole TTR008, and by the latter half of the program was hitting in almost every hole, with several bottoming in mineralization.  RC hole lengths ended up being considerably longer on average, and the number of holes ultimately drilled fewer than anticipated, due largely to the breadth of mineralization encountered. 

By early July, with confidence established that the bedrock source of the strong gold-in-soil anomaly had been identified, the RC drilling program was wrapped up at a total of 28 holes for 1,527 metres.  As announced July 25, 2017, assay highlights of the RC drill program were as listed below.

It should be noted that the widths reported below are drilled core lengths. True widths are estimated to be approximately 85-90% of drilled lengths for minus 50 degree holes, and approximately 70% for minus 70 degree holes.  All assays are performed by ALS Canada Ltd. (Minerals), with sample preparation carried out at the ALS facility in Terrace, BC, and assays at the North Vancouver laboratory.  Assay values are uncut. Assay results presented below are fire assay results only.  For gold, fire assays are performed as per ALS protocol Au-AA26 (0.01-100.00 g/t Au) using 50 grams of sample with assays equal to or greater than 5 g/t Au calculated gravimetrically, and lower-grade samples measured by (AA) atomic absorption.  All samples that returned equal to or greater than 5 g/t Au from initial fire assaying have additionally been sent for screen metallics analysis using the remainder of the pulp (~950 grams of sample).  Selected samples running low gold but high values of As, Pb, and Zn have also been sent for screen metallics analysis.  This step has been taken to ensure that any coarse grained, nuggety gold fraction that may have been missed in the fire assays has been captured. 

RC Program Highlights: (see July 25, 2017 press release for significant intercepts from all 28 RC program holes)

  • High-grade gold system hit at Saddle South in multiple holes along a 200 metre strike length to 213 metres from surface; open along strike and to depth
  • 13.03 g/t Au over 10.67 metres from 7.01 to 17.68 metres in hole TTR008
    • Including 41.60 g/t Au & 144 g/t Ag over 1.52 metres from 14.63 to 16.15 metres
  • 8.75 g/t Au over 8.53 metres from 17.68 to 26.21 metres in hole TTR013
    • Including 18.06 g/t Au over 2.44 metres from 19.20 to 21.64 metres
  • 14.11 g/t Au over 3.05 metres from 46.33 metres to 49.38 metres in hole TTR017
    • Including 21.10 g/t Au over 1.52 metres from 47.85 to 49.38 metres
  • 17.41 g/t Au over 9.14 metres from 46.33 to 55.47 metres in hole TTR019
    • Including 29.51 g/t Au over 4.57 metres from 49.38 to 53.95 metres
    • Including 50.50 g/t Au & 231 g/t Ag over 1.52 metres from 52.43 to 53.95 metres
  • 10.70 g/t Au over 9.14 metres from 14.33 to 23.47 metres in hole TTR020
    • Including 19.58 g/t Au over 3.05 metres from 18.90 to 21.95 metres
  • 15.33 g/t Au over 8.84 metres 5.49 to 14.33 metres in hole TTR022
    • Including 38.60 g/t Au over 1.52 metres from 11.28 to 12.80 metres

Diamond Drill Program

A first phase of diamond drilling (approximately 2,500 metres of HQ diameter in 22 holes) commenced on July 6, 2017 in follow up to the RC drilling and a 16 line-km Induced Polarization (“IP”) ground geophysical survey completed in early July.  The IP program had demonstrated the Saddle South mineralization to be coincident with an excellent IP response. The IP response, coupled with RC drill results, greatly improved targeting confidence for the core drilling down-dip and along strike of the defined zones at the Saddle South target. In consequence, of ten diamond core holes completed to July 25, 2017, all ten had achieved intercepts, confirmed with XRF, of the discovery zone.

Geology of the Saddle Discovery

Commenting on the geology of this important new discovery, Charlie Greig, Vice President, Exploration, states: "The mineralization at Saddle is impressive.  It varies somewhat in style, but is essentially of transitional low sulphidation epithermal type. Higher-grade sections are characterized by the presence of decimetre-to-metre-scale quartz-carbonate semi-massive to massive sulphide veins and vein-breccias dominated by pyrite but also containing subordinate sphalerite, galena, chalcopyrite and probable sulphosalts. Closely associated are narrower mm-to-cm-scale quartz-carbonate-pyrite and pyrite veins and veinlets; the former are commonly well-banded, multi-stage veins. Also closely associated with all sulphide-rich vein styles present at Saddle are disseminations and somewhat coarser-grained irregular aggregates of pyrite that typically occur as metre-scale halos around the veins – this style of mineralization also appears to be gold-bearing.  Core-logging suggests that the alteration associated directly with the veins and their pyritic halos includes carbonate, Fe-rich chlorite, sericite, and silica, and beyond that, chlorite-Fe carbonate alteration appears to flank the mineralized trend.

The mineralized zones appear to follow an east-west trending and moderately to steeply south-dipping structure, or structures, and this zone was also the locus for emplacement of a series of syn-to post-mineral felsic, intermediate and mafic dykes.  Mineralization, dykes and the host structure cut the steeply-dipping host fragmental volcanic rocks, which are characterized by the presence of fine-grained hornblende and feldspar phenocrysts; the tuffaceous rocks have been mapped previously as part of the Lower to Middle Jurassic Hazelton Group, which host many significant mineral deposits in the Golden Triangle of northwestern British Columbia.  A deformational overprint also characterizes the host rocks, mineralization, and many of the dykes. The host rocks are of low metamorphic rank, but in the vicinity of mineralized zones they are commonly well-foliated. All the rocks, including the mineralized ones and the younger dykes, are cut by a variety of brittle faults and fractures, and by common, discontinuous and generally narrow late calcite veins.  In spite of this, the mineralized zones appear to display good continuity.”

Saddle North: Large Geophysical Target Identified Associated With Known Gold-in-Soil Anomaly; Initial Drill Test Pending

From a visible alteration perspective Saddle North has always presented a target of considerable merit - outcrop there is better than at Saddle South and visually there’s more to see.  However, although early rounds of soil sampling in 2013 and 2014 revealed a very strong, localized gold-in-soil anomaly, the geochemical response over the remainder of the projected strike extent of the system was patchy.  This was thought to possibly reflect a bedrock masking effect from overlying glacial deposits.  It was therefore considered highly encouraging when first-ever IP lines run on 200-metre centres across the area in June and early July this year revealed a large target coincident with and trending to the east from the Saddle North geochemical target. The area is mostly covered by glacial drift but is otherwise at or close to surface. The dimensions of the core geophysical response exceed a kilometre in length and some 200 metres in width.  The target remains open to the east, off the IP grid. As of July 25, an initial test of this important new target is now underway.

Saddle Topographical Setting, Viewed to the Northeast, Hwy 37 in Distance Saddle Gold Anomalies Viewed to the Northeast Saddle Gold Anomalies Viewed to the Southeast

Pass Gossan Copper Target

The Pass Gossan target (photo, below) is located approximately 7 kilometres southwest of Saddle. It is a historically known, but never drilled, porphyry prospect characterised by copper, gold, zinc and lead in talus and soils associated with an east-west striking monzonitic intrusion in contact with both Hazelton and Stuhini Group volcanic strata. The intrusion is believed to be the same age as the nearby Red Chris and GJ copper-gold porphyry deposits.

Pass Gossan Looking East

In the summer of 2012 a reconnaissance survey of 637 soil samples was undertaken by GT Gold subsidiary New Chris Minerals Ltd. in the Pass Gossan target area and the Quash region immediately adjacent to the southwest. This was followed, in 2013, with an in-fill sampling program of 1,384 soil samples undertaken over the anomalous areas delimited in 2012. At Pass Gossan, the copper assay results revealed a 1,200 by 200 metre copper anomaly of moderate intensity (100 adjacent samples with >150 ppm Cu, including 8 samples >500 ppm Cu) (map, below) trending along the north-facing plateau edge, coincident with or perhaps somewhat downslope from, the postulated location of a possibly sill-like monzonitic intrusion. Slopes are steep and talus cover is extensive, making first-hand observation of the stratigraphic relationships and contacts difficult.

Pass Gossan & Quash Soil Copper 2013

In 2014, a 3D ground IP survey was completed (image, below) over the defined Pass Gossan target as well as the flanking Quash base metal (Pb-Zn) prospect. Chargeability targets were identified in the area of the Quash prospect, as well as along the eastern edge of the grid beneath anomalous levels of gold, zinc and copper in soils. These IP anomalies present potentially attractive future drill targets. However, before any drilling occurs extension of the IP grid to the east will be required to more precisely locate the eastern IP anomaly.

Pass Gossan Conductivity Model 2014

The Company intends to carry out additional exploration work at the Pass Gossan target. However, at the current time no precise plans have been formulated for doing so.

Valleyside Gold Target

The Valleyside gold target is situated 1.2 km along strike to the southeast of the Pass Gossan prospect. It was for the most part identified through geochemical soil sampling carried out by New Chris Minerals in 2012 and 2013. However, evidence of the target existed prior to this in a historical line of ridge samples which now comprise part of the anomaly. The first of the figures below shows the gold assay results for the 2012-2013 work, which defined a 600 metre long anomaly, open to the east and west. Three adjacent samples reported above 300 ppb Au over a 50 by by 100 metre sampling area, including a maximum level of 918 ppb Au on the westernmost line.

Valleyside Soil Gold Values Valleyside Soil Zinc Values

Little is presently known about the geology of the Valleyside target, and it has yet to be mapped in detail by GT Gold. Encouragingly, the anomaly is strongly supported by arsenic which reaches 2,640 ppm in the highest gold sample. Arsenic and zinc (map, above) also delimit an anomaly of similar size on the northern side of the valley, where scattered anomalous gold values (50 - 100 ppb) are present.

The Company intends to carry out additional work at Valleyside. However, at the present time no precise plans have been formulated for doing so.