Former Goldcorp VP named GT Gold CEO

GT Gold Corp. Aug. 12 announced that Paul Harbidge, former senior vice president of exploration for Goldcorp Inc., will be taking over as the president and CEO of GT Gold on Sept. 3.

Harbidge's former company merged with Newmont in April and in May Newmont Goldcorp invested C$17.6 million to acquire a 9.9 percent stake in GT Gold shares. Funds from this investment are being used to expand Saddle North, a large porphyry gold-copper target on the Tatogga property in British Columbia's Golden Triangle.

Highlights from drilling at Saddle North 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 of 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 from a depth of 21 meters in TDD112.

Harbidge is a geologist with over 20 years of experience in mining exploration and development, he has a first-class honors degree in geology from Kingston University, United Kingdom and a masters in mineral exploration and mining geology from Leicester University, UK.

Prior to his roughly three years with Goldcorp, Harbidge led the exploration team at Randgold, resulting in the discoveries of multi-million-ounce gold deposits in Mali and Senegal.

"We are honored to have attracted a candidate with such impressive experience and credentials, and we look forward to leveraging his technical expertise and project leadership experience as we continue to advance our discoveries and exploration at Tatogga," said GT Gold Executive Chairman Ashwath Mehra.

To make room for Harbidge, Steve Burleton has decided to step down from his role as president, CEO and director of GT Gold, but will continue to serve as a consultant to the company and support as it advances its Tatogga projects.

"I am pleased that we have accomplished a great deal over the last year," reflected Burleton. "The discovery of Saddle North, with the recent investment by Newmont Goldcorp, means we are well funded to further advance our exciting exploration programs. The next steps for GT Gold will be to continue delivering strong exploration results under the technical guidance of Paul Harbidge to further define and maximize the value of the Tatogga project, for all stakeholders. I firmly believe that Paul's experience will allow GT Gold to achieve our next milestones at this pivotal time in our history."

–SHANE LASLEY