Good News From GTA Looking at GTA results and considering STK has all the old high grade gold mines on its lands;
it looks like Hemlo West could be a big game changer for STK.
We could see GTA do none stop drilling if the gold zones are easy to define.
This has to be great news for STK
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GTA Resources drills 240 m of 1.41 g/t Au at Northshore
2012-04-18 09:30 ET - News Release
Mr. Peter Clausi reports
GTA EXTENDS GOLD MINERALIZATION ON NORTHSHORE PROPERTY
GTA Resources and Mining Inc. has released results from the first two holes of the phase 2 drilling program on the Northshore property located in the Hemlo-Schreiber greenstone belt of Northwestern Ontario. Highlights include:
- Afric zone returns values of 1.41 grams per tonne gold over a core length of 240 metres, including bonanza grades of 132 grams per tonne gold over 0.5 metre and 120 grams per tonne gold over 0.5 metre.
- Caly vein system returns values of 7.82 grams per tonne gold over a core length of 12 metres.
- Recent drilling extends Afric zone over 200 metres along strike and to a vertical depth of 190 metres.
The phase 2 drilling program, which will consist of approximately 10 to 12 holes (2,500 metres), commenced in March, 2012, as follow-up to the exceptional results obtained in the fall 2011 drilling program (see press release dated Feb. 14, 2012). The first two holes (WB-12-13 and WB-12-14) of the current program were completed prior to spring breakup and both holes returned significant gold values of up to 1.41 grams per tonne gold over a core length of 240 metres.
Hole WB-12-14, the last hole completed before drilling was temporarily suspended due to spring breakup, was collared 40 metres to the southeast of holes WB-11-11 and WB-11-12. Holes WB-11-11 and 12 were completed in the fall of 2011 and both intersected broad, high gold values, including 3.21 grams per tonne gold (uncapped) over a core length of 149.5 metres (see press release dated Feb. 14, 2011). Designed as a step back to these holes, hole WB-12-14 extends the lateral and vertical extent of the Afric zone and furthermore demonstrates the continuity of the high-grade Caly and Audney vein systems. The Caly and Audney vein structures are two of several gold mineralized quartz veins which comprise the broad Afric zone.
WB-12-14 returned an average grade of 1.41 grams per tonne gold (uncapped) over a core length of 240 metres and represents the broadest intersection of gold mineralization to date from the Afric zone. The higher-grade Caly vein system, intersected near the top of the hole, returned an average grade of 3.15 grams per tonne gold over a core length of 81.5 metres, including 7.82 grams per tonne gold over a core length of 12 metres.
WB-12-14 intersected a late-stage, north-trending diabase dike (postmineralization) at a depth of 248 metres and the hole was terminated in diabase at 401 metres. It is unclear at this time if the Afric gold system continues on the western side of this dike.
Hole WB-12-13 was drilled in a southeasterly direction and collared approximately 80 metres to the northeast of the Caly vein outcropping. This hole, drilled to test the lateral strike extent of the Afric zone, returned a broad intersection of 0.77 gram per tonne gold over a core length of 80 metres, including a high-grade section of 4.27 grams per tonne gold over a core length of eight metres. With this drilling, the Afric zone has now been extended to over 200 metres along strike.
The phase 2 drilling program is continuing, and drill holes WB-12-15 and WB-12-16 have just recently been completed. These holes are collared 25 metres apart, inclined at minus 62 degrees and were designed as infill holes located between the Audney and Caly vein systems. Both holes intersected the same geology and style of mineralization, alteration and deformation as previous holes drilled in the immediate area. Furthermore, multiple occurrences of visible gold mineralization have been observed in these holes.
A detailed summary of results from holes WB-12-13 and WB-12-14 is shown in the attached table.
Hole Gold Gold
Hole depth From To Interval(i) uncapped capped (ii)
(m) (m) (m) (m) (g/t) (g/t)
WB-12-13 125.0 31.0 111.0 80.0 0.77 0.71
including 103.0 111.0 8.0 4.27
which
includes 110.0 111.0 1.0 24.93
WB-12-14 401.0 8.00 248.0 240.0 1.41 0.99
including 33.5 115.0 81.5 3.15 1.92
42.0 76.0 34.0 3.79 2.34
including 33.50 45.5 12.0 7.82
which
includes 42.0 45.50 3.50 23.35
and 45.0 45.50 0.50 120.00
including 67.5 72.0 4.50 6.99
including 113.0 115.0 2.0 39.58
which
includes 113.0 113.5 0.5 132.00
including 205.0 206.0 1.0 11.20
Notes:
(i) Widths as shown represent core lengths as insufficient drilling has
been completed to determine true thicknesses.
(ii) For reporting purposes of the broad intercepts, the high-grade intervals
encountered in both holes were capped at 28.79 grams per tonne gold,
representing the 99th percentile of all drill core sample assay
results obtained from the current program.
Updated plan maps and idealized cross-sections are available on the company's website.
"Based on current interpretations, the size, scope and grade of gold mineralization associated with the Afric zone appear significantly better than we expected," stated Peter M. Clausi, president and chief executive officer of GTA. "These are exciting times for GTA shareholders and we anticipate that further drilling at Northshore will add even more value to the company."