VANCOUVER — A new era of exploration in British Columbia’s historic Golden Triangle hasn’t yet resulted in much exciting greenfield discovery, but GT Gold (TSXV: GTT; US-OTC: GTGDF) hopes its Tatogga project can change that narrative.
The company’s founders privately funded a variety of target generation work at the property — located on the Klastline plateau in northwestern B.C. — over the past few years in anticipation of a maiden drill program expected to kick-start early this summer. GT Gold completed its qualifying transaction, alongside a $2.5-million private placement, in mid-2016.
The 310 sq. km project lies roughly 14 km due west of Imperial Metals‘ (TSX: III) Red Chris copper-gold mine, and less than one km west of the town of Iskut. GT Gold’s wholly-owned subsidiary, New Chris Minerals, acquired Tatogga in late 2011, and subsequently completed an airborne magnetic survey and 1,800 geochemical soil samples.
“The regional surveying we did privately through 2013 and 2014 really unearthed quite the compelling gold-in-soil anomaly across a substantial area. We were pretty excited, but of course the industry was really struggling at that time,” recounts president and CEO Kevin Keough during an interview.
“It was tough to raise any money, so we waited until market conditions improved to go public. Around mid-July of last year we decided to pull the trigger, and the initial financing came together very quickly after that,” he continues.
GT Gold’s main focus, thus far, has been the…
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