Mining News: GT Gold expands high- grade at Saddle South

GT Gold Corp. Sep. 18 reported continued expansion of the Saddle South high-grade gold discovery at its Tatogga property in northwestern British Columbia. The latest round of results include 20.71 meters (estimated true width 75 percent) of 5.84 grams per metric ton gold in hole TTD014; 23.66 meters of 5.1 g/t gold in TTD010; and 9.09 meters of 7.51 g/t gold in TTD016. These results expand the deposit to 500 meters down-dip from surface, roughly 50 percent deeper than the 330 meters reported at the end of August. Drilling has also extended the strike length to 360 meters east-west and further extension is anticipated. GT Gold has completed 11,962 meters of drilling in 50 holes at Saddle South so far the year, assays are pending for 36 of these holes. The company plans to continue drilling Saddle South as long as weather allows and then drop down to Saddle North, a nearby gold anomaly that lies at a lower elevation. Two holes drilled at Saddle North show the system to be gold-bearing. “At Saddle South we continue to be rewarded with strong visuals supported by XRF (x-ray fluorescence) in almost all holes, and we’ve now pushed intercepts to 500 meters down-dip from surface, and 350 meters along strike,” said GT Gold President and CEO Kevin Keough. “As for Saddle North, reconnaissance holes TTD011 and TTD012 are really our first attempts at what constitutes a massive IP (induced polarization geophysical) target. Now that we’ve confirmed it is gold-bearing we plan to get back on to it with more drilling late this month or early next. Because it is topographically lower than Saddle South, our thinking is to carry out work at Saddle North when the weather forces us off Saddle Ridge.”

–SHANE LASLEY