GT Gold is focused on exploring for base and precious metals in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. The Company’s flagship asset is the wholly-owned, 47,500 hectare Tatogga property, located near Iskut, BC, upon which it made two significant discoveries in 2017 and 2018 at its Saddle prospect: a precious metal rich vein system at Saddle South and a gold-rich copper porphyry at Saddle North.
On July 6, 2020, GT Gold published a maiden resource estimate for its Saddle North project (see news release) and filed the related National Instrument 43-101 technical report on August 20, 2020. A Preliminary Economic Assessment (“PEA”) study for Saddle North is currently on schedule for completion by year end 2020.
GT Gold continues to generate exploration targets on the Tatogga property, in part by undertaking further greenfields-style exploration (soil geochemistry, Induced Polarization surveys and field mapping), as well as reassessing the substantial historical exploration datasets gleaned from Assessment Reports for the district, which have been archived by the Ministry of Mines of B.C. The 2020 exploration program tested new greenfield exploration targets in the Quash Pass area, where two large-scale anomalous trends and several adjacent individual targets have been identified. The Quash Pass target area is located approximately seven kilometres southwest of the known mineralization at Saddle North and Saddle South.