North of 60 Mining News - The mining newspaper for Alaska and Canada's North

GT Gold Corp. April 24 said it plans to complete 18,000 meters of drilling this summer at its exciting Saddle gold discovery at the Tatogga property in British Columbia's Golden Triangle.

This C$6.8-million program will focus on expanding the gold-silver and copper-gold-silver discoveries at the Saddle discovery area.

"We're excited to be ramping up again for another season of work at Saddle. We intend to focus on expanding the precious metal vein zones but also to test the copper-gold-silver porphyry system," said GT Gold President and CEO Kevin Keough.

The 16,000-meter discovery drill program completed last year included 86 holes primarily focused on the Saddle South discovery.

Highlights from the high-grade gold cut during this drilling include 7 meters of 51.53 g/t gold and 117.38 g/t silver; 12.2 meters of 14.75 g/t gold; 3.4 meters of 48.85 g/t gold; 8.3 meters of 20.02 g/t gold; and 3 meters averaging 31.79 g/t gold and 1,141 g/t silver.

GT Gold said Saddle South is open in several directions, but particularly to the east and to depth.

The first hole drilled in the Saddle South East expansion area during 2017 cut 5.8 meters averaging 12.12 g/t gold.

This year's drilling will also test a porphyry copper-gold-silver target at Saddle North that was only briefly drilled at the end of 2017.

Reconnaissance hole TTD062 discovered this porphyry-style mineralization beneath thick glacial cover toward the eastern end of the Saddle North trend. The 210.53-meter intercept from bedrock surface to the bottom of hole 62 ran 0.14 g/t gold, 0.28 g/t silver, and 0.16 percent copper. These grades strengthened at depth, with the bottom 33.73 meters averaging 0.22 g/t gold, 0.36 g/t silver and 0.24 percent copper.

Hole TTD064, drilled about 1,000 meters west of hole 62, cut 18.4 meters of similar mineralization that averaged 1.35 g/t gold, 1.42 g/t silver and 0.37 percent copper, including 7.4 meters of 2.28 g/t gold, 2.03 g/t sivler and 0.56 percent copper.

GT Gold plans to deepen discovery hole 62 and, if results are encouraging, to drill step-out holes.

At the west end of the Saddle North trend, wide-spaced drilling in 2017 identified an additional zone, or zones, of vein hosted gold-silver mineralization with characteristics similar to Saddle South. This area will also be further evaluated in the upcoming drill program.

GT Gold Corp.

GT Gold taps a large zone of high-grade gold at Saddle South during the discovery drill program at its Tatogga property in the Golden Triangle region of northwestern B.C.

High-grade vein-hosted gold similar to Saddle South was intersected in two holes drilled at Saddle North late in the 2017 program – TTD057 cut 2.58 meters averaging 13.55 g/t gold starting at a depth of 240 meters and TTD063 cut 0.6 meters averaging 7.59 g/t gold from a depth of 171.3 meters.

The company said this year's program will further evaluate this high-grade mineralization at the west end of Saddle North.

Camp mobilization is slated to begin June 1, two weeks earlier than last year, with plans to construct a more weather-resistant camp to support drilling later in the year.

"The results of this season's work will then be combined with the 2017 results with the goal of completing a compliant resource calculation for delivery early in 2019," said Keough.

–SHANE LASLEY

CORRECTION (June 4,2018): Silver grade in lower section of hole TTD062 was corrected to g/t.