GT Gold mobilizes for 2020 field program and announces release date of initial mineral resource estimate for Saddle North gol...
24 Junio 2020 - 4:15PM
GT Gold Corp. (TSX-V:GTT)
(the
“Company” or “GT Gold”) is pleased to announce it is
mobilizing for the commencement of the 2020 exploration season at
the Tatogga Property (“Tatogga”) located in the Golden Triangle of
northern British Columbia. All field work will be conducted in
compliance with the Company’s robust COVID-19 prevention plan and
in accordance with both the Provincial regulatory requirements as
well as the guidance provided by the Tahltan Nation COVID-19
Emergency Management Team.
The 2020 exploration program will initially
focus on diamond drill-testing new greenfield exploration targets
in the Quash Pass area, where two large-scale anomalous trends and
several adjacent individual targets have been identified. The Quash
Pass target area is located approximately seven kilometres
southwest of the known mineralization at Saddle North and Saddle
South. The Company will be mobilizing the field team for site
preparation over the next two weeks, with drilling anticipated to
begin in late July 2020.
“We’re very pleased to be initiating our 2020
field program at Tatogga,” commented Paul Harbidge, President and
CEO. “Our primary goal is to keep everyone safe and we will be
conducting our work with utmost commitment to the protection of our
employees and local communities.”
Saddle North Technical
Update
The Company is finalizing the initial mineral
resource estimate for the Saddle North gold-rich copper porphyry
discovery. Due to national holidays in both Canada and the United
States of America during the week commencing June 29, a public
release date for the mineral resource estimate is planned for after
market close on Monday, July 6, 2020. A related National Instrument
43-101 compliant technical report will be filed within the
regulatory required time limits, the data for which will underpin a
Preliminary Economic Assessment for Saddle North, expected to be
released by year-end 2020.
About GT Gold
GT Gold is focused on exploring for base and
precious metals in the geologically fertile terrain of British
Columbia’s renowned Golden Triangle. The Company’s flagship asset
is the wholly-owned, 46,827 hectare Tatogga property, located near
Iskut, British Colombia, upon which it made two significant
discoveries in 2017 and 2018 at its Saddle prospect: a precious
metal rich vein system at Saddle South and a gold-rich copper
porphyry system at Saddle North.
For further information, please contact:
GT Gold Corp.Paul HarbidgePresident and Chief
Executive OfficerTel: (236) 427 5744Website:
www.gtgoldcorp.ca |
GT Gold Corp.Shawn CampbellChief Financial
OfficerTel: (236) 427 5744 |
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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 TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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