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Bullboard - Stock Discussion Forum GT Gold Corp. GTGDF

GT Gold Corp is a new company focused on exploring for gold in the terrain of British Columbia's Golden Triangle. Its only operating segments include the acquisition, exploration, and development of mineral properties in Canada. The company's flagship asset is the wholly-owned Tatogga property, located off highway 37 in northern British Columbia.

OTCQX:GTGDF - Post Discussion

GT Gold Corp. > Estimated Tonnes and Grade
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Post by shughes30 on Oct 15, 2018 9:51am

Estimated Tonnes and Grade

Looking at the system, and the step outs, one might assume the follwoing if the next two holes hit TTD102 and 107 and they move to infill drilling.  Strike length 550m width average width of about 300m (?) and depth potential seems open, but lets say 900m.  Specific gravity of this material is probably 2.6 or 2.7.  Rough estimate of resource potential is about 350 million tonnes and grade looks like about 0.6g/t gold and 0.4% Cu.  That would yield about 1.5M tonnes of copper and roughly 7M ounces of gold.  Hopefully those drill holes hit, as it would attract attention for sure.
Comment by long342 on Oct 15, 2018 12:49pm
You better read the press release again. All the holes hit. The strike length as outlined by the IP survey is 1000m and average width is 500m from surface to 1000m, depth is 1000m and WIDE OPEN AT DEPT . THE SG is 2.9(contains sulfides). THATS 1.45 BILLION METRIC TONS. UPSIDE POTENTIAL IS DOUBLE THAT. Regards Dave and Hal
Comment by AuM2018 on Oct 15, 2018 1:54pm
You're both part right.....long342 the only issue I have with your calculation is this: First, you're not going to mine from surface, for 2 reasons: 1) strip ratio would be too high - the mineralization is in a valley, so you're going to have to start cutting down the mountain on either side to mine it, which adds to the strip, which will make mining uneconomic; and 2) The first, say ...more  
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