GT Gold drills 6.95 metres of 51.53 g/t gold at Saddle South

GT Gold Corp. [GTT-TSXV] has  reported multiple intercepts of high-grade gold+/-silver have been returned from six of the first eight core holes ever drilled into the new Saddle South gold discovery, including a very high-grade intercept of 51.53 g/t gold (1.5 oz/ton) and 117.38 g/t silver over 6.95 metres (22.80 feet) (TTD007), and the first visible gold has been observed in core at 109 metres in TTD031 – assays pending, photos of gold from both holes available on website.

Shown is part of the very high-grade TTD007 intercept which assayed51.53 g/t gold and 117.38 g/t silver over 6.95 metres from 122.13 to 129.08 metres at GT Gold’s South Saddle gold discovery on its Tatogga property in northwestern British Columbia. Source: GT Gold Corp.

The Saddle South gold discovery is on the company’s flagship 31,309-hectare Tatogga property located west of the village of Iskut accessible from paved Highway 37 in the Golden Triangle region of northwestern British Columbia.

In addition to the 8 core holes reported in this news release, a further 28 core holes have been completed or are presently underway.

Highlights:

Intercepts along ~320 m of E-W strike to 330 m (TTD032) down-dip from surface, expansion continues

  • Multiple intercepts per hole, such as seen in TTD004 and TTD005, add up to considerable widths in each hole of moderate grade encompassing multiple high to very high-grade shoots
  • 53 g/t gold (1.50 oz/ton) & 117.38 g/t silver over 6.95 m (90% TW) from 122.13 to 129.08 m in hole TTD007
  • Including 00 g/t gold (2.51 oz/ton) & 259.00 g/t silver over 1.46m from 122.75 to 124.21 m
  • and 11 g/t gold (1.96 oz/ton) & 132.76 g/t silver over 4.39 m from 122.75 to 127.14 m
  • Including 64 g/t gold (2.12 oz/ton) & 74.34 g/t silver over 2.14 m from 125.00 to 127.14 m
  • 26 g/t gold & 46.07 g/t silver over 7.00 m from 20.00 to 27.00 m in hole TTD001 – multiple zone intercepts
  • Including 10 g/t gold & 283.00 g/t silver over 1.00 m from 21.00 to 22.00 m
  • 57 g/t gold & 121.31 g/t silver over 14.78 m from 51.22 to 66.00 m in hole TTD002
  • Including 00 g/t gold & 440.00 g/t silver over 1.00 m from 59.00 to 60.00 m
  • 01 g/t god over 3.00 m from 81.00 m to 84.00 m in hole TTD004 – multiple zone intercepts
  • Including 65 g/t gold over 1.00 m from 81.00 m to 82.00 m
  • 25 g/t gold over 6.44 m from 44.00 to 50.44 m in hole TTD005 – multiple zone intercepts
  • Including 10 g/t gold over 1.50 m from 46.50 to 48.00 m
  • 29 g/t gold & 49.24 g/t silver over 2.81 m from 108.09 to 110.90 m in hole TTD008 – multiple zone intercepts
  • Including 23 g/t gold & 79.75 g/t silver over 1.72 m from 109.18 to 110.90 m
  • 79 g/t gold & 17.98 g/t silver over 7.62 m from 24.99 to 32.61 m in RC hole TTR025
  • Including 90 g/t gold & 85.00 g/t silver over 1.53 m from 28.04 to 29.57 m

“These first-ever Saddle South core results reveal a high-grade epithermal vein system bearing the key hallmarks – high grades, widths, and continuity – required to advance the project,” said Kevin Keough, President & CEO. “Saddle South appears to be evolving in the direction of robust, high-grade underground potential, with expansion drilling continuing to deliver a steady flow of fresh intercepts, now to 320 metres down-dip, and we’re rapidly pushing out, and deeper. It’s commonly the case, as in TTD004 and TTD005, that we achieve multiple high-grade intercepts in each hole, often encompassed by broader mineralized envelopes. Cumulatively, these multiple intra-hole intercepts really add-up. We’re generally rewarded with great visuals and have been encouraged by our ability to consistently drill three and even four holes per pad, each below the previous, and to walk it deeper. Step-outs along strike have been successful, with a bias toward the west, and our first three deep step-backs have also hit. In a couple of very steep holes, TTD003 and TTD006, we appear to have drilled down or sub-parallel to dykes sharing – as is so often the case in structurally-focused gold systems such as Saddle – the structural volume with the mineralization, but we can successfully avoid this by stepping back and coming at the target with lower angle holes.

In general, we’ve experienced rapid discovery expansion and gained confidence we can follow the mineralization with the drills down and laterally. The field crew, led by VP Exploration Charlie Greig, has been doing an outstanding job, and our results to date are a testament to their diligence and hard work. Our focus will continue to be on expansion, and painting the largest possible picture before season’s end. We intend to drill the Saddle discovery as long as the weather allows, and look forward to delivering more good news.”

Filed in: Gold, Resources

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