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Providing coverage of Alaska and Northwest Canada's mineral industry
December 2017

Vol. 22, No. 51 Week of December 17, 2017

Mining News: Saddle excitement grows with porphyry discovery

GT Gold Corp. has discovered more high-grade gold plus porphyry copper-gold-silver mineralization at Saddle North, a target about 500 meters north of the high-grade Saddle South gold discovery on the company’s Tatogga property in northwestern British Columbia. High-grade vein-hosted gold was intersected in two holes, TTD057 and TTD063, drilled near the west end of the Saddle North trend. TTD057 cut 2.58 meters averaging 13.55 grams per metric ton gold starting at a depth of 240 meters; TTD063 cut 0.6 meters averaging 7.59 g/t gold from a depth of 171.3 meters.

Hole TTD062 targeted a high intensity geophysical anomaly located under considerable glacial cover about 2,000 meters east of TTD057. Porphyry copper-gold-silver mineralization began at surface in hole 62 and strengthened steadily with depth. From 23.5 meters to the bottom of the hole, TTD062 cut 210.5 meters averaging 0.14 g/t gold and 0.16 percent copper, including 33.7 meters of 0.22 g/t gold and 0.24 percent copper over the bottom 33.7 meters of the hole. TTD064, drilled 1,000 meters west of TTD062, cut narrower and richer porphyry-style copper-gold-silver mineralization. From a depth of 134.6 meters, hole 64 cut 18.4 meters averaging 1.35 g/t gold, 1.42 g/t silver and 0.37 percent copper.

“The Saddle North copper-gold-silver porphyry is the latest discovery to emerge from the broader Saddle target area,” said GT Gold President and CEO Kevin Keough. “We are excited by the early results and the potential of this large system. We believe it is largely un-eroded and, along with continued exploration of the impressive high-grade gold-silver systems at Saddle South and on the western end of the Saddle North Trend, we intend to make it a focus in 2018.”

–SHANE LASLEY






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