GT Gold Corp - Back in the Saddle

That teaches me for not paying close attention to the market, a spectacular rise in GTT.V share price after some juicy porphyry hits at Saddle North.

Obviously, you can remind me of my terrible comment from my last post (link).

I suck..

So, we'll ignore the drilling at the Saddle deposit, the market doesn't care about these, and focus on the porphyry.

You can get a Leapfrog viewer file here (link) to look at it in 3D-goodness.

At the moment it is early days, we have the data from 3.5 holes (hole TTD062 stopped before hitting the guts of the porphyry), so it is hard to know the full scale of the mineralization (this is me covering my ass), but the IP data may give us a hint.

I'm ignoring the mag data as it doesn't really help us (there is a huge anomaly), but the IP data may give us a potential size of the porphyry system.



and a close up...

It looks like the copper mineralization is found in a 500m long by 200-300m wide zone. From the sections, this zone dips to the SW, and may also dip to the NW (based on the fact that the Western n changeability high associated with the pyrite halo is more subdued, suggesting that it is at greater depth).

I'm also intrigued by the fact that in none of the literature do GT Gold mention any bornite, just chalcopyrite and pyrite. At another small porphyry deposits in the area we see this:

Bornite in the middle like jam in a donut

The best grades are found in the core, which often a lot of bornite, as we see no mention of this, there is a good chance that they still haven't drilled it. My guess is that it will be found to the west of hole TTD092.

Circle marks the spot..

When I look at the Saddle North Plan map (link), I noticed that a couple of the drill-holes, TTD098 and TTD107, don't appear to be optimally located. They appear to be targeting the pyrite halo and may only hit erratic, low-grade intervals (<0.25% CuEq with narrow zones of ~0.5% CuEq).



However, I'll be very interested to see what hole TTD102 gets, this could hit the bornite core and could get some decent, thick intervals of high-grade (>1% CuEq) mineralization.

I'm also interested in hole TTD106, if this gets grades similar to TTD085 (100+m @ >0.3 g/t Au and >0.3% Cu), this would be very positive as when you look at the sections, you can see that the highest grade mineralization starts at ~400m depth.



Is this potentially too deep?