RE:Exploration & Resource upgrade drilling has begunA couple more comments:
GTT is up 33% today, and 457% since July on new discovery and drill results. Look below at these high grade assays GTT released today.
Sage is about to begin drilling and expanding on Kinross targets that previously yielded 61g/t, 85g/t, and 94 g/t over 3 - 9mm right under the existing mining ramps at Clavos which reflect similar high grade concentrations as the GTT assays released today. As per the most recent SGX MD&A, management has reason to believe these zones extend much wider and deeper with potential to materially upgrade Clavos' reserve values. Now with the mine finally dewatered, new exploration drilling of potentially the richest part of the Clavos deposit is beginning.
GTT and SGX have similar share structures and shares outstanding but a massive valuation gap.
GTT marketcap $161 million today on exploration drill results, no mining.
SGX marketcap $14.5 million today, mining and going into full production, ready to drill new high grade targets close to existing mining ramps which have previously yielded results on par with these high grade GTT assays, and poised to materially upgrade reserves upon completion of surface/underground drilling programs over the winter (with no value ascribed to Sage's Onaman property yet either).
Most of the shares currently on the SGX offer are warrants being exercised from the Cartesian financing deal earlier this year. The most recent financing was done at $0.24, no wonder. Insiders and institutions collectively own 75% of the common shares. If SGX hits more high grade discovery zones underground and laterally within Clavos I see no reason the stock won't draw similar attention to GTT and trade $1+.
Multiple High-Grade Gold Intercepts Returned From First Core Holes Ever Drilled at GT Gold's Saddle South Discovery... ...Including 51.53 g/t (1.50 oz/ton) Au & 117.38 g/t Ag Over 6.95 Metres (22.80 Feet) in TTD007, Est. True Widths 90%; Assays Pending for 28 Holes
Highlights:
- Intercepts along ~320 m of E-W strike to 330 m (TTD032) down-dip from surface, expansion continues
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- Multiple intercepts per hole, such as seen in TTD004 and TTD005 (see Table 1), add up to considerable widths in each hole of moderate grade encompassing multiple high to very high-grade shoots
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51.53 g/t Au (1.50 oz/ton) & 117.38 g/t Ag over 6.95 m (90% TW) from 122.13 m to 129.08 m in hole TTD007 inc.
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- 86.00 g/t Au (2.51 oz/ton) & 259.00 g/t Ag over 1.46 m from 122.75 m to 124.21 m
- and 67.11 g/t Au (1.96 oz/ton) & 132.76 g/t Ag over 4.39 m from 122.75 m to 127.14 m
- inc. 72.64 g/t Au (2.12 oz/ton) & 74.34 g/t Ag over 2.14 m from 125.00 m to 127.14 m
- 10.26 g/t Au & 46.07 g/t Ag over 7.00 m from 20.00 m to 27.00 m in hole TTD001 - multiple zone intercepts
- inc. 32.10 g/t Au & 283.00 g/t Ag over 1.00 m from 21.00 m to 22.00 m
- 6.57 g/t Au & 121.31 g/t Ag over 14.78 m from 51.22 m to 66.00 m in hole TTD002
- inc. 22.00 g/t Au & 440.00 g/t Ag over 1.00 m from 59.00 m to 60.00 m
- 9.01 g/t Au over 3.00 m from 81.00 m to 84.00 m in hole TTD004 - multiple zone intercepts
- inc. 12.65 g/t Au over 1.00 m from 81.00 m to 82.00 m
- 6.25 g/t Au over 6.44 m from 44.00 m to 50.44 m in hole TTD005 - multiple zone intercepts
- inc. 10.10 g/t Au over 1.50 m from 46.50 m to 48.00 m
- 18.29 g/t Au & 49.24 g/t Ag over 2.81 m from 108.09 m to 110.90 m in hole TTD008 - multiple zone intercepts
- inc. 29.23 g/t Au & 79.75 g/t Ag over 1.72 m from 109.18 m to 110.90 m
- 8.79 g/t Au & 17.98 g/t Ag over 7.62 m from 24.99 m to 32.61 m in RC hole TTR025
- inc. 37.90 g/t Au & 85.00 g/t Ag over 1.53 m from 28.04 m to 29.57 m