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GT Gold Expands High-Grade Saddle North Cu-Au Porphyry to Depth and Along Trend

Mining News - Published on Fri, 18 Oct 2019

Image Source: juniorminingnetwork.com
GT Gold announced results from five drill holes from its 15,000-metre Phase 2 exploration program at its 100% owned Saddle North Cu-Au porphyry system in northwest BC. The results from three of the five drill holes, TTD128, TTD129 and TTD130, have extended the known higher-grade core of mineralization previously intersected in drill holes TTD093, TTD112 and TTD109, down-dip by approximately 150 to 200 metres, to a vertical depth below surface of 1,550 metres. Drill hole TTD132 confirms continuity of the higher-grade core in the central part of the deposit, while TTD131 extends near surface mineralization to the northwest. Mineralization at Saddle North remains open in most directions, particularly at depth.

Highlights

Drill hole TTD128 intersected 635.00 metres @ 0.40 g/t Au, 0.31% Cu, 0.93 g/t Ag (0.61 % CuEq; 0.83 g/t AuEq) from 696 to 1,331 metres, including 225.39 metres @ 0.74 g/t Au, 0.46 % Cu, 1.57 g/t Ag (1.01 % CuEq; 1.39 g/t AuEq) from 1,083.81 to 1,309.20 metres, and 137.63 metres @ 0.52 g/t Au, 0.36% Cu, 1.38 g/t Ag (0.75 % CuEq; 1.03 g/t AuEq) from 1,353 to 1,490.63 metres, including 61.00 metres @ 0.73 g/t Au, 0.43% Cu, 1.87 g/t Ag (0.99% CuEq; 1.35 g/t AuEq) from 1,358 to 1,419 metres

The two broad high-grade intervals are separated by a narrow, 10-metre-wide, lower grade interval hosted by a late inter-mineral diorite porphyry intrusion. Along with drill hole TTD128, drill hole TTD129 shows that the deepest and highest-grade mineralization intersected to date remains open to depth

Drill hole TTD129 intersected 793 metres @ 0.46 g/t Au, 0.38% Cu, 1.00 g/t Ag (0.72% CuEq; 0.99 g/t AuEq) from 488 to 1,281 metres, including 355 metres @ 0.61 g/t Au, 0.45% Cu, 1.25 g/t Ag (0.91 % CuEq; 1.25 g/t AuEq) from 642 to 997 metres, and 230 metres 0.42 g/t Au, 0.29% Cu, 1.25 g/t Ag (0.60 % CuEq; 0.82 g/t AuEq) from 1,291 to 1,521 metres, including 93.67 metres @ 0.55 g/t Au, 0.39% Cu, 1.42 g/t Ag (0.81% CuEq; 1.11 g/t AuEq) from 1,308.33 to 1,402 metres

The two broad higher-grade intervals are separated by a narrow, 10-metre-wide, lower grade interval hosted by a late inter-mineral diorite porphyry intrusion. Along with drill hole TTD128, this drill hole shows that the deep higher-grade mineralization remains open at depth

Drill hole TTD130 intersected 599 metres @ 0.52 g/t Au, 0.30% Cu, 0.90 g/t Ag (0.69% CuEq; 0.94g/t AuEq) from 682 metres to 1,281 metres, including 343 metres @ 0.63 g/t Au, 0.34 % Cu, 1.02 g/t Ag (0.81 % CuEq; 1.11 g/t AuEq) from 890 to 1,233 metres

This interval extends the higher-grade core zone to depth by linking deeper mineralized intercepts in drill holes TTD128 and TTD129 with that of the higher-grade mineralization encountered previously in drill holes TTD109 and TTD093.

Drill hole TTD131 intersected 250 metres @ 0.35 g/t Au, 0.20% Cu, 0.71 g/t Ag (0.46% CuEq; 0.63 g/t AuEq) from 70 to 320 metres

Extends broad, near-surface zone of Cu-Au mineralization at Saddle North to the northwest and confirms presence and continuity of higher-grade mineralization in the immediate hangingwall of the Poelzer fault on this section between previous drill holes TTD102, TTD122 and TTD120.

Drill holeTTD132 intersected 137.78 metres (2) 1.71 g/t Au, 0.77% Cu, 2.36 g/t Ag (2.04% CuEq; 2.79 g/t AuEq) from 476.00 metres to 613.78 metres within 378.71 metres @ 1.00 g/t Au, 0.52% Cu, 1.42 g/t Ag (1.26% CuEq; 1.72 g/t AuEq) from 270.00 to 648.71 metres o This southeasterly inclined "cross-hole" successfully links the higher-grade mineralization of previously released drill holes TTD112, TTD121, TTD126, TTD093 and TTD109.

Source :

Posted By : Rabi Wangkhem on Fri, 18 Oct 2019
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