GT Resources Intersects 1.95% Nickel over 33.5m at Yukon Canalask Project Advancing Towards Larger Discovery

• GT Resources intersected 1.95% nickel, 0.05% copper, and precious metals over 33.5 meters, including 4.15% nickel over 5.5 meters and 12.90% nickel over 0.2 meters, at the Canalask Nickel-Copper Project in Yukon.
• Drilling indicates the high-grade nickel sulphide footwall mineralization was physically and hydrothermally remobilized from a larger source, likely a massive sulphide body within the adjacent Kluane Ultramafic Feeder Dyke.
• The company plans to drill test the favourable gabbro zone at the base of the ultramafic dyke in 2025, which historically returned 0.8% nickel and 0.2% copper over 3 meters and represents the primary massive sulphide target.
• Canalask is located within the highly prospective "White River Intrusive Complex" feeder system, analogous to the world-class Norilsk nickel-copper-PGE camp in Russia.
• With a major mining company as a strategic investor, GT Resources is well positioned to advance Canalask and its portfolio of district-scale nickel and copper projects in Canada and Finland.

GT Resources Inc. (TSXV:GT) announced impressive diamond drill results from the 2024 exploration program at its Canalask Nickel-Copper Project in Yukon, Canada. The highlight intercept returned 1.95% nickel, 0.05% copper, 0.03% cobalt, 0.19 g/t gold, and 0.44 g/t palladium over 33.5 meters in hole CSK24-05, including a very high-grade subinterval of 12.90% nickel, 0.12% copper, 0.23% cobalt, and 0.81 g/t gold over 0.2 meters.

Importantly, the high-grade nickel mineralization was intersected near surface, starting at just 24.6 meters downhole. It consisted of massive veins, pods and disseminations of nickel-rich sulphides hosted within an intermediate volcanic rock unit known as the "Footwall Zone". This style of mineralization shows evidence of both physical and hydrothermal remobilization and segregation of the sulphides.

High-Grade Mineralization Points to Larger Discovery Potential

The presence of such significant nickel sulphide mineralization within the footwall rocks strongly suggests it was remobilized from a larger, undiscovered nickel-copper sulphide source nearby, according to GT Resources CEO Derrick Weyrauch:

"The presence of footwall hosted nickel sulphide suggests that a larger accumulation of nickel sulphide ought to occur within the immediately adjacent Kluane Ultramafic Feeder Dyke."

The company's geological model interprets the ultramafic dyke as a magma feeder conduit capable of transporting large volumes of nickel and copper rich magmatic sulphides. The most prospective part of the dyke is the basal contact zone where it meets an underlying gabbro unit. Historic hole VQ-7 previously intersected 0.8% nickel and 0.2% copper over 3 meters in this gabbro target zone.

While the 2024 drilling did not reach this contact zone, GT Resources plans to prioritize drill testing it in the 2025 exploration program. Discovering an intact massive sulphide body at the base of the feeder dyke would be a potential game-changer for the Canalask project.

Highly Prospective Geological Setting Draws Norilsk Comparisons

The Canalask project is situated within the "White River Intrusive Complex" (WRIC), a mafic-ultramafic magmatic system recognized as a highly prospective geological setting for large-scale nickel-copper sulphide deposits. The WRIC is considered analogous to the world-class Norilsk-Talnakh mining district in Russia.

Norilsk is one of the largest and highest grade nickel producing districts in the world, with over 14.3 million tonnes of nickel reserves grading 2.77% nickel. The deposits are associated with magmatic feeder systems similar to WRIC. The abundance of high-grade nickel-copper-PGE showings at the base of the WRIC makes it a prime exploration target for both contact-style magmatic sulphide deposits and structurally-controlled footwall deposits like those at Norilsk.

While Canalask is at a much earlier stage than Norilsk, the geological similarities are compelling for nickel exploration. With evidence of a strong magmatic sulphide system and an under-explored feeder dyke complex, GT Resources will be advancing Canalask aggressively to search for a Norilsk-scale discovery.

Key Catalyst: 2025 Drill Program

For investors, the key catalyst to watch will be the results of GT Resources' planned drilling of the basal gabbro contact at Canalask in 2025. Confirming the presence of a significant nickel-copper massive sulphide discovery at this target zone would be a major milestone for the company.

If successful, it could quickly elevate Canalask as one of the most exciting new high-grade nickel sulphide discoveries worldwide. This would likely lead to a significant re-rating of GT Resources' market valuation to align with the increased scale of the opportunity.

The other key driver for the company will be attracting additional investments and partnerships with major miners. As GT Resources continues to advance and de-risk its project portfolio, it will be well positioned to bring in new strategic investors and joint venture partners. This could provide important sources of funding and technical expertise as the company progresses Canalask towards economic studies and development.

With a strong treasury and supportive strategic shareholder, GT Resources is well funded to advance an aggressive exploration and drilling program at Canalask in 2025. The company will be focused on vectoring towards higher-grade mineralization and discovering the source of the remobilized nickel sulphides in the Footwall Zone.

Conclusion

GT Resources represents a compelling exploration investment opportunity with significant discovery potential and a portfolio of prospective nickel and copper projects. The Canalask project in particular is shaping up to be a potential company-maker, with the drilling to date supporting the presence of a large, high-grade nickel sulphide system.

With a strategic investment from a major miner, a strong working capital position, and a management team with a track record of success, GT Resources is well positioned to create value through exploration and discovery. And by operating in mining friendly jurisdictions like Yukon and Finland, the company offers a attractive risk-reward proposition.

As the world continues to electrify and the demand for nickel and copper grows in the coming decades, new sulphide discoveries will be critical. Companies like GT Resources that can make these discoveries will be poised to benefit. Investors should watch GT Resources closely as it continues to unlock the potential of the Canalask nickel-copper project.