GT Resources Drills High-Grade Copper-Gold Mineralization, Expanding Potential at Canalask Nickel-Copper Project

• GT Resources intersected high-grade copper-gold mineralization of 1.84% Cu and 1.17 g/t Au over 6.1 meters at 140 meters depth, including 2.4% Cu and 3.10 g/t Au over 1.0 meter, in final 2024 drill results from the Canalask Nickel-Copper Project in the Yukon, Canada.
• The discovery of new potentially skarn-related copper-gold mineralization adds another promising exploration target to the project's existing nickel endowment and expands the area of prospective geology on the property.
• Drilling also confirmed significant near-surface platinum and palladium-rich nickel mineralization within the ultramafic dyke, with results including 0.26% Ni, 0.14 g/t Pd and 0.07 g/t Pt over 46.5m starting at 50 meters depth, supporting the fertility of the system and potential for massive sulphide deposition at the untested base of the dyke.
• The favourable gabbro zone at the base of the ultramafic dyke, which returned historic intercepts of 0.8% Ni and 0.2% Cu over 3 meters, remains a high-priority target for massive sulphide mineralization that will be drill tested in 2025.
• GT Resources' Canalask project is favourably located in the highly prospective White River Intrusive Complex, considered analogous to the world-class Norilsk Ni-Cu-PGE camp, with strong potential for both feeder-type magmatic sulphide deposits and high-grade footwall-style mineralization.

GT Resources Inc. (TSXV:GT) is a mineral exploration company focused on advancing copper and nickel projects in Europe and North America. The company's project portfolio features district-scale opportunities in Finland and Canada that have attracted strategic investment from a major mining company.

New High-Grade Copper-Gold Discovery

In the final batch of assay results from the 2024 diamond drill program at the Canalask Nickel-Copper Project in Yukon, Canada, GT Resources has discovered a promising new zone of high-grade copper-gold mineralization. Hole CSK24-05 returned an impressive intercept of 1.84% Cu and 1.17 g/t Au over 6.1 meters at a depth of 140 meters, including a higher-grade interval of 2.4% Cu and 3.10 g/t Au over 1.0 meter.

This newly identified copper-gold zone is potentially related to skarn-type mineralization, which has not been previously documented on the Canalask property. The presence of this style of mineralization significantly expands the area of prospective geology and suggests the potential for more extensive mineralization, as skarn-related copper deposits are well known in the region surrounding the project.

Derrick Weyrauch, President and CEO of GT Resources, commented:

"Locating this skarn-like mineralization opens up a much wider swath of prospective geology on the property and suggests the potential exists for much more extensive mineralization, as skarn mineralization is well documented regionally."

Platinum & Palladium-Rich Nickel Mineralization

In addition to the copper-gold discovery, the 2024 drill program at Canalask also intersected significant nickel mineralization enriched in platinum and palladium within the near-surface ultramafic dyke. Although not the primary target, this mineralization represents an attractive bulk tonnage exploration target.

Notable intercepts include 0.26% Ni, 0.14 g/t Pd, and 0.07 g/t Pt over 46.5 meters starting at a depth of 50 meters in hole CSK24-003, with a higher-grade subinterval of 0.32% Ni, 0.33 g/t Pt, and 0.15 g/t Pd over 4.0 meters. Individual one-meter samples returned grades of up to 0.57% Ni, 0.92 g/t Pd, and 0.41 g/t Pt.

The platinum and palladium-rich nature of this nickel mineralization was an unexpected positive development. The thickness and shallow depth of the mineralization make it an attractive exploration target, and future work will focus on delineating the sulphide-hosted component of this mineralization style.

High-Priority Massive Sulphide Target Remains Untested

Despite the successful intersection of high-grade nickel mineralization in the Footwall Zone (2.0% Ni over 33.5 meters in hole CSK-24-05, previously reported), the favourable gabbro zone at the base of the ultramafic dyke, which is the primary target for massive sulphide mineralization, remains untested.

Historic drilling in this gabbro zone returned an intercept of 0.8% Ni and 0.2% Cu over 3 meters in hole VQ-7, highlighting the potential for significant massive sulphide mineralization. GT Resources plans to prioritize drilling of this high-potential target during the 2025 exploration program.

Highly Prospective Geological Setting

The Canalask Nickel-Copper Project is strategically located within the White River Intrusive Complex (WRIC), a highly prospective setting for magmatic nickel-copper sulphide mineralization. The WRIC is considered a "feeder system" with a high volume of magma flow, making it an ideal environment for the formation of both basal "feeder-type" magmatic sulphide deposits and high-grade "footwall-type" epigenetic deposits.

The abundance of magmatic Ni-Cu-PGE showings at the base of the WRIC and the discovery of the nickel-rich Canalask Footwall deposit underscore the project's strong potential. The geological setting has been compared to the world-renowned Norilsk Ni-Cu-PGE camp, further highlighting the significance of the Canalask project.

Key Takeaways

The latest drill results from GT Resources' Canalask Nickel-Copper Project in the Yukon, Canada, have delivered exciting new discoveries and expanded the property's already significant mineral potential. The high-grade copper-gold mineralization intersected in hole CSK24-05 opens up a new area of prospective geology and adds a promising skarn-related exploration target to the project's existing nickel endowment.

Furthermore, the confirmation of near-surface platinum and palladium-rich nickel mineralization within the ultramafic dyke supports the fertility of the system and the potential for massive sulphide deposition at depth. With the favourable gabbro zone at the base of the dyke remaining untested and slated for drilling in 2025, GT Resources is well-positioned to unlock the full potential of this highly prospective geological setting.

As the company continues to advance its copper and nickel projects in Europe and North America, backed by strategic investments from major mining companies, GT Resources presents a compelling opportunity for investors seeking exposure to the growing demand for critical metals in the global transition to clean energy. With a portfolio of district-scale projects in world-class jurisdictions and a proven track record of exploration success, GT Resources is poised for growth and value creation in the years ahead.