Mining News: Very high-grade gold discovered at Saddle

GT Gold Corp. Aug. 31 reported multiple intercepts of high-grade gold in six of the first eight holes ever drilled into the Saddle South gold discovery at its Tatogga property in British Columbia’s Golden Triangle. The best intercept so far is 51.53 grams (1.5 ounces) per metric ton gold and 117.38 g/t silver over 6.95 meters of holeTTD007. TTD001, the Saddle South discovery hole, cut 7 meters averaging 10.26 g/t gold and 46.07 g/t silver. The lowest grade out of the seven holes reported was 6.44 meters of 6.25 g/t gold in hole TTD005. "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 GT Gold President and CEO Kevin Keough. "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 meters 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.” At Aug. 31, the company had drilled 36 holes at the south and north Saddle zones. “With the experience of 36 core holes behind us, our efforts to stay on-target are now greatly helped by our visual estimates of mineralization in core, even for the more-subtle varieties,” said GT Gold Vice President of Exploration Charlie Greig. “We intend to push hard until that time when weather conditions make continued drilling difficult, with the main aim being expansion of the vein zones along trend and down-dip, and as weather conditions at the higher elevations of Saddle South deteriorate, with more reconnaissance-style drilling at Saddle North." GT Gold said it has observed the first visible gold in core at 109 meters of hole TTD031, assays are pending.

–SHANE LASLEY