Consistent copper-gold at Saddle North

GT Gold Corp. Dec. 2 reported long sections of porphyry copper gold mineralization in three more of the holes drilled this year into the Saddle North discovery on its Tatogga property in northwestern British Columbia.

Since first tapping Saddle North during 2018, GT Gold has outlined a porphyry body that measures roughly 1,500 meters down-plunge, 700 meters along strike and is 200 to 560 meters thick. Within this broader zone of mineralization is a core of higher-grade mineralization that measures roughly 1,500 meters down-plunge, 300 meters along strike and 40 to 450 meters thick.

Highlights from previously reported holes that have tapped the high-grade core since its discovery last year include:

• 822.2 meters of 0.42 g/t gold, 0.26 percent copper and 0.62 g/t silver in TTD085;

• 904.1 meters of 0.51 g/t gold, 0.3 percent copper and 0.93 g/t silver in TTD093;

• 1,149.7 meters averaging 0.62 g/t gold, 0.36 percent copper and 1.17 g/t silver in TTD109; and

• 685 meters of 0.7 g/t gold, 0.44 percent copper and 1.09 g/t silver in TTD112.

The latest three holes returned from the assay lab – TTD133, TTD134 and TTD136 – extend Saddle North's higher-grade core to depth and further show the continuity of the copper-gold mineralization found there.

TTD133 and TTD136 were drilled from the same drill pad, which was positioned southeast of TTD085, as the Saddle North discovery hole. These holes show that significant mineralization exists at depth below TTD085.

TTD133 cut 627 meters averaging 0.53 g/t gold, 0.37 percent copper and 1.23 g/t silver from a depth of 648 meters. This includes 362 meters of 0.73 g/t gold, 0.45 percent copper and 1.58 g/t silver from 808 meters.

TTD136 cut 472 meters averaging 0.39 g/t gold, 0.32 percent copper and 0.93g/t silver from 658 meters. This includes 324 meters of 0.82 g/t gold, 0.43 percent copper and 1.76 g/t silver from 745 meters.

TTD134 was collared from the same drill pad as three holes reported by GT Gold earlier this year – TTD127, TTD128, and TTD130. All four of these holes intersected the higher-grade core zone toward the bottom of the holes. Together they show the very good continuity in mineralization that characterizes the Saddle North system.

TTD134 cut 558 meters averaging 0.61 g/t gold, 0.35 percent copper and 1.28 g/t silver from 511 meters. This includes 128.3 meters of 0.7 g/t gold, 0.47 percent copper and 1.44 g/t silver from 910.7 meters.

The Saddle North mineralized system remains open at depth, and highly prospective targets remain untested along strike to the west and east.

"These results continue to demonstrate the robust nature of Saddle North," said GT Gold CEO Paul Harbidge. "The excellent continuity of the gold and copper mineralization to depth supports the large scale of this porphyry system – a system which becomes even more attractive when considering the proximity of first-rate infrastructure and location in the tier 1 jurisdiction of British Columbia, Canada."

The company completed 25,146 meters of drilling during two phases of drilling on the Tatogga property this year. Assays for the last ten holes – six from Saddle North and four from Saddle South – are expected before year-end.

"Now that this year's drilling is complete, we are making good progress with detailed re-logging of core and assimilation of the full range of empirical and geochemical data collected during the field season. This work is moving us toward our goal of constructing a detailed geological model for Saddle North, which is projected for completion in Q1 (first quarter) 2020," said Harbidge.

This work will form the foundation for a maiden NI 43-101-compliant resource estimate for Saddle North, expected in the second quarter of next year. GT Gold plans to have a preliminary economic assessment for establishing a mine at this large copper-gold system by the end of 2020.

In addition to the drilling at the Saddle North and Saddle South targets, GT Gold continued exploring its Quash Pass target, which lies approximately 7 kilometers (4.5 miles) south of the Saddle area.

The company said Quash Pass is a priority target defined by a 5,000- to 6,000-kilometer-long precious metals-rich, multi-element soil and rock geochemical anomaly with a coincident strong geophysical response, and a similar east-west strike to the Saddle system.

GT Gold plans to drill its first holes into Quash Pass during the 2020 season.

–SHANE LASLEY