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GT Resources Announces BHEM Survey at the North Rock Copper-Nickel-PGE Project, Ontario, Canada
Toronto, Ontario--(Newsfile Corp. - November 27, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGT...
About this update from Gt Resources Inc
[{"type":"text","content":"GT Resources Announces BHEM Survey at the North Rock Copper-Nickel-PGE Project, Ontario, CanadaToronto, Ontario--(Newsfile Corp. - November 27, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the \"Company\" or \"GT Resources\") is pleased to announce its first exploration activities on the North Rock copper – nickel – platinum group element project located in Northwestern Ontario, Canada. The North Rock project was acquired by GT as part of the MetalCorp Limited acquisition in 2023 and encompasses a 13-kilometre long basal gabbroic contact along the Grassy Portage Gabbroic Complex along with one zone hosting a historic resource estimate1 of 1 million tons grading 1.2% Cu. Approximately 12,000 meters of historic drill testing demonstrates copper-nickel-palladium and platinum mineralization along this favorable basal contact. The budget for the Phase I exploration program is less than $200,000 and includes:A Bore Hole Electromagnetic (\"BHEM\") survey on historic drill holes to identify possible conductors of net-textured to massive sulphides below historic shallow drilling for purposes of defining drill targets.Reconnaissance mapping.Prospecting / sampling.Derrick Weyrauch, President and CEO commented, \"The North Rock project was one of most significant assets of 2023's Metalcorp acquisition. The project hosts significant historic work including underground development and a historic resource estimate1 of 1 million tons grading 1.2% Cu and boasts a highly prospective 13-kilometer long mineralized horizon. North Rock's location and excellent access will result in very cost-efficient copper exploration.\"Neil Petttigrew, VP Exploration stated: \"The Grassy Portage Gabbro Complex, which hosts the North Rock project is a favourable setting for magmatic copper-rich Cu-Ni-PGE sulphide mineralization. Due to the abundance of disseminated to net-textured mineralization at the base of the Complex and the presence of massive sulphide 'footwall style' veins the project hosts potential for both bulk tonnage as well as high grade sulphide deposits. The geological setting draws comparisons to the historic Temagami and Thierry Mines located Ontario, and the Mesaba, NorthMet, and Maturi Deposits hosted with in the Duluth Complex in Minnesota.\" The North Rock ProjectThe North Rock project is located in N...