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Alternate Symbol(s): CGTRF

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GT Resources Inc., formerly Palladium One Mining Inc., is a Canada-based mineral exploration and development company. The Company is focused on discovering critical green transportation metals. It targets district scale, nickel-copper sulfide and platinum-group-element (PGE) deposits in Canada and Finland. The Company’s Canada projects include Tyko, Ontario; Disreali, Ontario; Canalask, Yukon... see more

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GT Resources Inc > Do I understand this correctly?

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Post by marpip3 on Jan 27, 2021 3:22pm

Do I understand this correctly?

Finland 17,500 meter step out infill) drill hole program with shallow depth Say (100 meters each) deposits would equate to over 175 drill holes. Is that right? Judging from the first 7 drill holes. Is that right? Are my numbers right? I can see that may drill holes over 4+ kilometers of strike lenfgt.

From the last Finland drill release:

"Starting at only 43 meters down hole, hole LK20-028, returned 53 meters at 2.1 g/t Pd_Eq*, with a core interval starting 47 meters down hole of 25 meters at 2.9 g/t Pd_Eq. Hole LK20-029returned 25 meters at 2.6 g/t Pd_Eq starting at only 38 meters down hole, with a high-grade core starting 56 meters down hole of 5.5 meters grading 4.3 g/t Pd_Eq.

These first seven holes represent a series of step out holes from Phase I drill holes LK20-016 and 018 which returned 63 meters of 3.5 g/t Pd_Eq and 35 meters of 2.8 g/t Pd_Eq. respectively (see news release October 22, 2020)."

"Initial Phase II infill drill results at Kaukua South demonstrate shallow disseminated sulphide mineralization the same as the Kaukua Deposit and support the belief that LK hosts a very large-scale mineralized system." said Derrick Weyrauch, President and CEO. "With a greater than 4-kilometer, drilling proven, mineralized strike length at Kaukua South, plus up to an additional 2-kilometer strike length potential east of our existing Induced Polarization (IP) survey, we are on track to potentially define a multi-million ounce resource at Kaukua South," said Weyrauch."

Table 1: Initial Phase 2 Drill Results

Zone	Hole	From (m)	To (m)	Width (m)	Pd_Eq g/t*	PGE g/t (Pd+Pt+Au)	Pd g/t	Pt g/t	Au g/t	Cu %	Ni %
Kaukua South	LK20-016	23.5	86.2	62.7	3.52	2.62	1.84	0.64	0.14	0.18	0.15
	Inc.	23.5	66.0	42.5	4.15	3.14	2.21	0.77	0.16	0.21	0.17
	Inc.	47.5	66.0	18.5	4.58	3.55	2.51	0.86	0.18	0.22	0.17
	Inc.	60.5	64.5	4.0	5.12	4.02	2.86	1.00	0.16	0.23	0.19
Kaukua South	LK20-019	17.3	52.3	35.0	2.76	2.00	1.41	0.48	0.12	0.16	0.12
	Inc.	26.5	37.0	10.5	3.29	2.48	1.77	0.56	0.15	0.18	0.13
Kaukua South	LK20-027	103.4	155.0	51.6	1.98	1.07	0.72	0.27	0.08	0.17	0.15
	Inc.	105.6	113.0	7.4	2.58	1.34	0.90	0.31	0.13	0.26	0.18
	And	149.5	155.0	5.5	3.12	1.96	1.34	0.52	0.10	0.27	0.17
	Inc.	153.5	155.0	1.5	6.14	4.09	2.79	1.15	0.15	0.56	0.28
Kaukua South	LK20-028	42.6	95.5	52.9	2.06	1.44	1.00	0.36	0.08	0.11	0.11
	Inc.	46.9	72.0	25.1	2.92	2.08	1.44	0.52	0.12	0.17	0.14
	Inc.	50.5	60.0	9.5	3.56	2.52	1.75	0.61	0.16	0.23	0.16
Kaukua South	LK20-029	37.5	62.9	25.4	2.57	1.87	1.30	0.46	0.11	0.15	0.11
	Inc.	47.0	62.0	15.0	3.16	2.36	1.65	0.58	0.13	0.17	0.13
	Inc.	56.5	62.0	5.5	4.34	3.36	2.36	0.82	0.18	0.20	0.16
	Inc	56.5	57.7	1.2	6.15	4.97	3.54	1.26	0.17	0.25	0.21
Kaukua South	LK20-030	26.4	86.5	60.1	1.88	1.00	0.68	0.24	0.07	0.17	0.14
	Inc.	47.0	68.0	21.0	2.44	1.43	0.98	0.35	0.10	0.21	0.16
	Inc.	53.0	54.5	1.5	3.94	2.69	1.78	0.78	0.12	0.28	0.20
Kaukua South	LK20-031	17.9	61.5	43.6	1.94	1.12	0.76	0.27	0.09	0.16	0.13
	Inc.	17.9	55.5	37.6	2.17	1.25	0.85	0.30	0.10	0.19	0.14
	Inc.	24.5	35.0	10.5	2.81	1.60	1.09	0.39	0.11	0.27	0.18
Kaukua South	LK20-032	60.3	108.3	48.0	1.81	0.84	0.57	0.21	0.06	0.16	0.16
	Inc.	61.4	75.0	13.7	2.12	0.90	0.58	0.23	0.09	0.22	0.20
Kaukua South	LK20-033	41.3	85.0	43.7	1.76	0.87	0.58	0.21	0.07	0.18	0.14
	Inc.	42.7	56.3	13.7	2.33	1.21	0.83	0.28	0.10	0.21	0.18

* Reported widths are "drilled widths" not true widths.
** Orange shaded values are previously released (see press release October 22, 2020)

Figure 1. Kaukua area plan map, showingcurrent NI 43-101 Kaukua Deposit conceptual pit outline (dashed yellow), Kaukua South IP chargeability anomalies, and Phase I drill hole locations.