A tale of Two B.C. Deposits Sharing Many SimilaritiesSTUDY the website, NI 43-101, New Investor Overview for 2024, etc: DEEP DRILLING starts next month!
Taranis is “Swinging for The Fences” in an Underexplored Area East of the Primary B.C. Porphyry Belt in a Famous Sediment-Hosted Intrusive Belt.
See the obvious Tintic, Bingham Canyon, Butte, & Thor correlation.
• Some of the largest mines in Western North America are linked epithermal-porphyry deposits hosted in sedimentary rocks. • Both Butte and Bingham Canyon are sediment-hosted world class porphyry systems EAST of the classic B.C. porphyry belt.
• Successful discovery of a porphyry will result in a takeover or major valuation akin to GT Gold
Taking Taranis in GT Gold’s Footprints…
• Both Thor and Tatogga properties have identical deposit models
• Epithermal vein deposit associated with nearby mineralized intrusive.
• Both properties have nearly identical exploration histories
• Epithermal deposits are discovered initially - mineralized intrusive discoveries came afterwards.
• Both companies have similar market histories, with only one asset in each company located in British Columbia.
• Serves as a ‘proof of concept’ should exploration successfully identify a mineralized intrusive under the epithermal deposit at Thor.
• Tatogga occurs entirely within volcanic rocks.
• Tatogga is in the Golden Triangle which is a remote area of B.C. that lacks infrastructure to develop many of B.C.’s largest mineral deposits.
• Volcanic rocks are NOT a pre - condition for the existence of a porphyry deposit.
• In B.C., “host -rock” geology has tainted mainstream perspective on prospectivity of important epithermal - porphyry mining districts.
• While the Golden Triangle is certainly an attractive area to explore, B.C. has promoted its exploration to the exclusion of other prospective areas.
History of GT Gold
• GT Gold was a well-financed junior exploration company that was founded in 2017 and immediately began exploring the remote Tatogga Property.
• 47,500 hectare Tatogga property, located in the “Golden Triangle” near Iskut, British Columbia.
• GT Gold made two significant discoveries on the Tatogga property, “Saddle South”, a precious metal rich vein system and “Saddle North”, a gold-rich copper porphyry system.
• Saddle South was originally the main exploration target at Tatogga, but the Saddle North was discovered shortly after and proved to be the main deposit (low-grade porphyry-type deposit).
• GT Gold was acquired by Newmont after the porphyry mineralization had been established!
History of Taranis
• It wasn’t until 2022 that Taranis recognized the potential for a porphyry system at Thor.
• The presence of an epithermal deposit is in itself strong evidence for a mineralized porphyry intrusive such as found at the nearby Max intrusive.
• After 2022, Taranis completed exploration work to test the theory.
• Taranis acquired Thor in 2006 and explored and delineated the epithermal deposit that is over 2.3 km in length for 16 years (~20 M. Oz. AgEq).
• At Thor, there is no outcropping porphyry body, and its presence is ONLY indicated from geophysics, spectrometry and surface alteration/geochemistry.
• Boulder fields of Jurassic-age intrusive have been found at the southern tip of the epithermal deposit, similar to Tatogga.
GT Gold Share Price
• In 2017, GT Gold was trading at about C$0.28, like where TRO/TNREF is located today.
• Saddle South was discovered in July of 2017.
• First mention of Saddle North is late in 2017.
• Shares rose over the course of 3+ years to C$3.85 when Newmont purchased GT Gold.
> July 25, 2017 New Discovery at Saddle South
> Feb 12, 2019 Continued Drilling at Saddle South
> March 10, 2021 Newmont Announces Acquisition of GT Gold
> July 6, 2020 Maiden Mineral Resource (Saddle North)
> July 17, 2019 Saddle North – 500m of 0.91 g/t Au, 0.55% Cu, 1.34 g/t Ag
> Late 2017 First Indications of Porphyry Deposit at Saddle North (TTD062 & 64)
The Goal: May 10, 2021 – Newmont Announces Purchase of GT Gold
• DENVER--(BUSINESS WIRE)-- Newmont Corporation (NYSE: NEM, TSX:NGT) and GT Gold Corp. (TSX-V: GTT) announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately US$311 million (C$393.0 million)