Drills expand overlooked Saddle South

GT Gold Corp. Feb. 12 reported the final batch of results from a drill program that extended the high-grade gold-silver system at Saddle South, one of two deposits the company is delineating on its Tatogga property in British Columbia's Golden Triangle.

This drilling has encountered high-grade gold intercepts within wider mineralized intervals both to the west and east of the Saddle South discovery made in 2017.

Highlights from holes drilled west of Saddle South include:

• Hole TTD103 cut 68.14 meters averaging 1.19 grams per metric ton gold and 13.87 g/t silver from a depth of 59.2 meters, including 16.06 meters of 3.85 g/t gold and 57.39 g/t silver; and 42.66 meters of 1.56 g/t gold from 221.27 meters.

• TTD096 cut 37.75 meters averaging 2.34 g/t gold from 246 meters, including 16.19 meters of 5.37 g/t gold and 2.85 g/t silver.

• TTD100 cut 126.2 meters of 1.07 g/t gold from 382.8 meters, including 14.91 meters of 5.17 g/t gold.

GT Gold said the data from the oriented core drilling completed in this western expansion area suggest that the mineralizing system trends more to the south, where it remains open.

TTD105, the easternmost hole drilled at Saddle South, cut 0.74 meters averaging 187.5 g/t gold and 53.6 g/t silver.

The company said the high-grade intercept in hole 105, which included visible gold, is coincident with an extensive high-potential chargeability anomaly that is yet to be fully tested.

"The 2018 exploration program exceeded our goals. Following our impressive 2017 discovery of high-grade gold at Saddle South, we hoped to considerably expand the footprint of gold-bearing mineralization," said GT Gold Vice President of Exploration Charles Greig. "These latest results show that the system stretches well to the southwest and continues with strength beneath the previously untested 'Rockpile' on the southwest side of Saddle Ridge, where it remains open."

The high-grade Saddle South gold-silver discovery has been largely overshadowed by Saddle North, a copper-gold-silver porphyry system less than 1,000 meters northeast of Saddle South.

Highlights from the 2018 drilling at Saddle North include:

• TTD085 cut 822.2 meters averaging 0.42 g/t gold, 0.26 percent copper and 0.62 g/t silver; including 430 meters of 0.67 g/t gold, 0.41 percent copper and 0.89 g/t silver from 493 meters.

• TTD093 cut 904.1 meters averaging 0.51 g/t gold, 0.3 percent copper and 0.93 g/t silver from a depth of 15 meters; including 363.1 meters of 1.02 g/t gold, 0.51 percent copper and 1.72 g/t silver from 514.9 meters.

• TTD109, the deepest hole drilled so far at Saddle North, cut 1,149.7 meters averaging 0.62 g/t gold, 0.36 percent copper and 1.17 g/t silver from 33 meters; including 342.5 meters of 1.28 g/t gold, 0.57 percent copper and 2.3 g/t silver from a depth of 740 meters.

"With the recent excitement of GT Gold's copper-gold porphyry discovery at Saddle North, it is easy to overlook the fact that Saddle South has developed into a potentially economic prospect on its own," Greig added. "It remains open at depth and along strike to the east, and to the west, the Saddle South system appears to turn southerly, where it also remains open."

The GT Gold team is compiling and interpreting the data from the successful 2018 drilling at Saddle South and Saddle North in preparation for planning for the 2019 exploration season.

–SHANE LASLEY