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DRILLS HIGH-GRADE INTERVAL AT SADDLE SOUTH WITH 9.55 G/T AU OVER 40.89 METRES 

 

Gold drill core

GT Gold Corp. (GTT.V) has continued its rapid expansion of the Saddle South discovery, with new high-grade gold intercepts east, west, south and to depth along 1,000 metres of east-west trend and to 350 metres of north-south width. These new intercepts include: 9.55 grams per tonne gold over 40.89 metres from 534 to 574.89 metres in hole TTD079 (estimated true width of 65 per cent). Additional assays are pending from Saddle South, and the season's first drill results from the highly anticipated Saddle North prospect are expected in the near future.

Highlights

Hole TTD079 (Saddle South {A –} West Side): 9.55 g/t Au over 40.89 metres1 (390 g/t*m) from 534.00 to 574.89 metres, including:

15.02 g/t Au and 61.10 g/t Ag over 15.12 metres from 559.77 to 574.89 metres, and

24.70 g/t Au and 212.94 g/t Ag over 6.26 metres from 542.17 to 548.43 metres

Continued rapid expansion east, west, south and to depth: Saddle South now encompasses high-grade intercepts along more than a kilometre of east-west strike length (see plan views), and the width of the mineralized envelope as projected to surface has expanded to approximately 350 metres across strike, a considerable increase from the roughly 150 metres achieved in 2017.

Further expansion is anticipated: Strong results from newly completed talus fine sampling carried out immediately south and southwest of trend (6 of 8 samples taken across 240 metres returned greater than 1 g/t Au, with a high of 40.3 g/t Au), and high-grade gold sampled in subcrop in undrilled areas along trend east of easternmost drill hole TTD089, indicate that the Saddle South mineralized envelope remains open for expansion in those directions.

Broad near-surface zone now complemented by deep-seated roots: The high-grade TTD079 results offer further confirmation (see results for previous holes TTD038 (news, November 8, 2017) and TTD069 (news, August 8, 2018)) that the Saddle gold mineralization has deep-seated roots carrying strong grades and strong true widths.

Steve Burleton, President and CEO, commented, "We are really pleased with these latest drill results. The roughly 41 metres of almost 10 grams drilled in hole 79 is, at 390 g/t*m, among the most impressive intersections drilled this season in the Golden Triangle. Coupled with nearby results, this intercept pushes the mineralized envelope considerably south and to depth on the west side of Saddle South." Mr. Burleton goes on to say: "We are extremely impressed with the work at site as our team continues to increase the size of the mineralized package at Saddle South. New high-grade intersections have been achieved in both directions along strike of the main area of Saddle South drilling to date, and at depth. The discovery core area has expanded considerably in width, and we are encouraged by the fact that many of the intercepts occur over broad intervals, and that these broad intervals commonly encompass high-grade assays. As for Saddle North, where visual indications have been encouraging, we anticipate results in the very near future."

About GT Gold

GT Gold Corp. is focused on exploring for gold in the geologically fertile terrain of British Columbia's renowned Golden Triangle. The Company's flagship asset is the wholly-owned, 44,206-hectare Tatogga property, located near Iskut, BC, close to roads and grid power. The Company achieved, in 2017, a major new gold-silver discovery at its Saddle prospect, located up a gentle valley only 10 kilometres off highway 37. The Saddle discovery comprises two parts: a high-grade, near surface, epithermal gold-silver vein system at Saddle South and, close by at Saddle North, a largely covered, porphyry copper-gold-silver mineralized system. Geophysical surveying suggests that both may be large in scale, and early drill results suggest that Saddle North bears similarities to the nearby Red Chris deposit. The Saddle discovery was internationally recognized for its significance in November 2017 with the Mines and Money "Exploration Discovery Award". The Company has the backing of major institutions and key Canadian investors and is fully funded for the 18,000-metre program of expansion drilling now underway on this exciting new discovery.

www.gtgoldcorp.ca