GT Gold Commences First-Ever Saddle Drill Program.GT Gold reports that camp construction at its Tatogga property in northwestern British Columbia, Canada, is now complete and Phase I drilling of the Company's promising new Saddle gold target is now underway. The Phase I program is expected to encompass about 4,600 metres of both RC and diamond drilling in 98 holes, with completion targeted for late July, as per schedule below. Initial laboratory assays are anticipated by mid-July.
A Phase II drill program comprised of some 3,000 metres of core drilling will directly follow Phase I, subject to the results obtained from Phase I. Efficient execution of Phases I and II would allow room for a Phase III drill program later in the season, and if undertaken, as much as 9,000-10,000 metres of drilling may be completed this year.
Drilling will initially focus on the Saddle South portion of the Saddle target area, within which exceptionally high gold-in-soil values have been identified within broad, coherent anomalies (see news releases dated November 30 and December 13, 2016). The nature of the topography and immature, thin soils at the Saddle South target suggest the soil values reflect mineralization lying directly beneath.
The summer 2017 exploration program at Saddle, now underway, has multiple components, presently anticipated to unfold as per the following tentative schedule.
