Mining News: GT Gold expands high- grade Saddle discovery

GT Gold Corp. Oct. 16 said it continues to expand the high-grade gold at Saddle South, a 2017 discovery 10 kilometers (six miles) from Highway 37 on the company’s Tatogga property in northwestern British Columbia. So far, the company has completed 16,180 meters of drill in 64 holes at Saddle South and Saddle North. Highlights from the most recent assay results from 17 holes drilled at Saddle South include: 12.15 meters of 14.75 grams per metric ton gold and 36.23 g/t silver from a depth of 75 meters in hole TTD019; seven meters of 13.22 g/t gold and 15.18 g/t silver from a depth of 121 meters in TTD022; 1.7 meters of 14.09 g/t gold and 58.29 g/t silver from 44.53 meters, and 2.91 meters of 16.07 g/t gold and 65.67 g/t silver from 154.82 meters in TTD-026; and 3.36 meters of 48.85 g/t gold and 8.97 g/t silver from 109.25 meters in TTD-031. The drilling to date has expanded the strike of Saddle South to 1,000 meters. "Saddle is looking better and better the more we get into it," said GT Gold President and CEO Kevin Keough. "It's a rich, high-grade system. Continuity is excellent and, based on what we've seen in late program core – including intense chalcopyrite enrichment supported by high XRF readings for an array of gold pathfinders – it has the potential to generate very high grades even beyond what we've witnessed to date.” Assays for 29 holes drilled at Saddle South and four holes drilled at Saddle North are pending. The company said strong mineralization apparent in core, supported by X-Ray fluorescence (XRF) for gold pathfinder elements, indicates several of these holes have tapped into richly mineralized portions of the system. “Possibly the best is yet to come,” Keough added. “We hit almost anywhere we choose to point the drills and, as a result, we've achieved rapid discovery expansion. Coupled with the consistency of our results – high grades, strong widths and continuity – we're highly encouraged."

–SHANE LASLEY