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GT Resources Drilling Intersects 2.4% Copper and 3.1 g/t Gold Near Surface at the Canalask Nickel-Copper Project
Toronto, Ontario--(Newsfile Corp. - December 10, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGT...
About this update from Gt Resources Inc
[{"type":"text","content":"GT Resources Drilling Intersects 2.4% Copper and 3.1 g/t Gold Near Surface at the Canalask Nickel-Copper ProjectToronto, Ontario--(Newsfile Corp. - December 10, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the \"Company\" or \"GT Resources\") is pleased to announce final diamond drill assay results from the 2024 exploration campaign at the Canalask Nickel-Copper Project, Yukon, Canada. Highlights1.84% Cu and 1.17 g/t Au over 6.1 meters at a true depth of 140 meters (Hole CSK24-05).including 2.4% Ni and 3.10 g/t Au over 1.0 meters. Discovery of new potentially skarn-related copper-gold mineralization adds another positive element to the property's existing nickel endowment.Significant peridotite hosted nickel with highly anomalous platinum and palladium was intersected within the ultramafic dyke. This intercept confirms the Company's belief that the dyke is a fertile system and supports the potential of massive and semi-massive deposition in a trap or embayment at the base of the untested dyke. 0.26% Ni, 0.14 g/t Pd and 0.07 g/t Pt over 46.5m starting at a true depth of 50 meters (Hole CSK24-003)Including 0.32% Ni, 0.33 g/t Pt and 0.15 g/t Pt over 4.0 metersIndividual assays up to 0.57% Ni, 0.92 g/t Pd and 0.41 g/t Pt over 1.0 meters (CSK24-004)\"Drill hole CSK-24-05 returned 2.0% nickel over 33.5 meters (see news release November 4, 2024) in the Footwall Zone, intersected a new copper-gold-rich style of mineralization below the historic Footwall deposit. The mineralization is chalcopyrite rich and associated with intermediate volcanics and sediments which form the footwall to the ultramafic dyke. There is known skarn-related copper mineralization to the south and west of the property, but this is the first documented occurrence of skarn-like mineralization on the Canalask property. Locating this skarn-like mineralization opens up a much wider swath of prospective geology on the property and suggests the potential exists for much more extensive mineralization, as skarn mineralization is well documented regionally. \"The platinum and palladium rich nature of the peridotite hosted nickel mineralization was another surprise, while the ultramafic dyke itself was not the primary target of the program, the great thickness and near surface nature of the mineralization forms an attractive bulk tonnage target, future wo...