| GT Gold Reports Results From Quash Pass Drilling VANCOUVER, British Columbia, February 16, 2021 (GLOBE NEWSWIRE) — GT Gold Corp. (TSX-V:GTT; OTCQX:GTGDF) (the “Company” or “GT Gold”) today announces the results of a drilling program at Quash Pass, on its Tatogga property in British Columbia. Quash Pass Exploration Summary The Quash Pass target covers an area of approximately fourteen square kilometres and is located seven kilometres to the south-southwest of the Saddle North and Saddle South discoveries. The target is a large-scale surface anomaly with reactive host rocks, chemistry variations, alteration, major structures and chemical signatures of both vein and porphyry style mineralization. As further discussed later in this news release, the nine, very widely spaced reconnaissance boreholes drilled in 2020, returned narrow anomalous to weakly mineralized intersections for gold and copper. All the boreholes intersected significant distal, chlorite and epidote (“green rock”), alteration characteristic of mineralized porphyry systems, and anomalous base and precious metal mineralization. Further work will test deeper, blind targets by reviewing all available geochemical, geophysical and alteration vectors, to target potential deeper, blind mineralization. GT Gold has initiated a “green rock study” whereby mineral chemistry will be used as a vectoring tool to target potential mineralized potassic alteration zones in future drilling programs. Details of the Quash Pass Drill Program The Company completed an initial drill program at the Quash Pass target located approximately seven kilometres to the south-southwest of the Saddle North gold rich copper porphyry deposit and the Saddle South precious metal rich vein systems within the Tatogga Project (Figure 1). A total of nine (9) very widely spaced boreholes for 4,841.14 m were completed over the Quash Pass target (Table 1; Figure 2). The program was designed to commence the testing of a large area (14 km2) of coincident precious metal and base metal soil geochemical anomalies, geophysical anomalies (both Induced Polarization (IP) chargeability and magnetic), structural anomalies, surface alteration and evidence for both vein style and intrusion style mineralization (Figures 2 to 5). To view the complete news release please visit the GT Gold website: https://www.gtgoldcorp.ca/news/ This message was sent by GT Gold Corp. You may contact GT Gold Corp. at: GT Gold Corp. 610-1100 Melville Street Vancouver, British Columbia, Canada V6E 4A6 Tel: +1 647 531-2471 www.gtgoldcorp.ca |
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