“We are very pleased with our team achievements and progress to date,” commented
At
Highlights of the Second Quarter and for the Subsequent Period up to
- 43-101 Technical Report. On
August 20 , the Company filed a National Instrument 43-101 technical report to support the maiden mineral resource estimate for the Saddle North project. The report highlighted the continuous higher-grade central core within the deposit, the simple metallurgy, the excellent local infrastructure and topography and the exploration upside of the property. The Mineral Resource Estimate will the basis for a PEA. - 2020 exploration program. On
August 10 , the Company announced that exploration drilling has commenced at the Tatogga property. The 2020 exploration program will initially focus on testing new greenfield exploration targets in theQuash Pass area. - Saddle North Mineral Resource. On
July 6 GT Gold announced a Mineral Resource Estimate for the Saddle North project of Indicated Resource of 298 Mt grading 0.28% copper, 0.36 g/t gold and 0.8 g/t silver for a total of 1.81 Blb of copper, 3.47 Moz of gold and 7.58 Moz of silver and Inferred Resource of543 Mt grading 0.25% copper, 0.31 g/t gold and 0.7 g/t silver for a total of 2.98 Blb of copper, 5.46 Moz of gold and 11.64 Moz of silver. - Saddle North geological model. On
April 28 , the Company provided an update on the geological model which describes the controls on mineralization of the Saddle North gold-rich copper porphyry.
About
For further information, please contact:
President and Chief Executive Officer Tel: (236) 427 5744 Website: www.gtgoldcorp.ca | Chief Financial Officer Tel: (236) 427 5744 info@gtgoldcorp.ca |
Cautionary Statement Regarding Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects”, "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Neither the
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