GT Resources Kicks Off First Phase of Exploration Program at North Rock Copper-Nickel-PGE Project

• GT Resources has launched a sub-$200,000 Phase I exploration program at its North Rock copper-nickel-platinum group element project in Northwestern Ontario, Canada.
• The program includes a borehole electromagnetic survey on historic drill holes to identify conductors that could represent net-textured to massive sulphide mineralization to define drill targets.
• North Rock covers a 13-km long mineralized horizon along the base of the Grassy Portage Gabbroic Complex, including the Beaver Pond Zone which hosts a historic resource estimate of 1 million tons at 1.2% Cu.
• Approximately 12,000 meters of historic drilling at North Rock has intersected copper-nickel-palladium-platinum mineralization, both within the basal gabbro and as footwall-style massive sulphide veins.
• The project's location and access allows for very cost-effective exploration according to GT's CEO. Comparisons are drawn to magmatic sulphide deposits in the region.

GT Resources Inc. (TSXV:GT) is a mineral exploration company focused on developing copper and nickel projects in Europe and North America. The company has a portfolio of district-scale opportunities that have attracted investment from a major miner. GT is initiating exploration at one of the key assets it acquired through the MetalCorp Limited transaction in 2023 - the promising North Rock copper-nickel-PGE project located in mining-friendly Northwestern Ontario, Canada.

North Rock: Highly Prospective 13-km Mineralized Trend

The North Rock project covers over 7,000 hectares underlain by the 20-km long Archean-aged Grassy Portage Gabbro Complex. Magmatic sulphide mineralization, rich in copper with associated nickel, platinum and palladium, is concentrated along the 13-km long basal contact between the gabbro and footwall mafic to ultramafic volcanic rocks.

Mineralization manifests in two main styles - disseminated to net-textured within the heterogeneous gabbro above the contact, and as high-grade footwall-style massive Cu-PGE sulphide veins in the volcanics below. This creates potential for both bulk tonnage and high-grade deposits according to GT's VP Exploration Neil Pettigrew.

Past Exploration Delivers Historic Resource

The most advanced zone discovered to date is the Beaver Pond Zone, which boasts a historic resource estimate of 1 million tons grading 1.2% Cu. Discovered by Noranda in 1958, it was explored from underground in the 1960-70s via a 90-m deep shaft and 70m level drift.

Two mineralized zones identified to date have only been drilled to shallow depths. However, approximately 12,000 meters of historic work demonstrates consistent Cu-Ni-Pd-Pt mineralization over the 13-km favorable horizon, leaving considerable room for expansion and new discoveries.

Phase I Program to Define Drill Targets

GT plans to capitalize on this opportunity with a Phase I exploration program budgeted at under $200,000. The main objective is to conduct borehole electromagnetic (BHEM) surveys on strategic historic drill holes to identify off-hole conductors that could represent net-textured to massive sulphide zones.

In particular, BHEM will be done in the deepest hole on the property, NR07-062, which intersected footwall-style Cu-PGE mineralization at 450m depth before being forced to stop in the volcanics, prior to reaching the target gabbro-hosted mineralization. Conductors identified will be high-priority drill targets.

Mapping, prospecting and sampling is also underway to evaluate historic showing areas, relocate drill collars and facilitate the geophysical program. Notably, grab samples visibly containing disseminated to net-textured chalcopyrite have been collected from a 10,000-ton stockpile of material mined from the Beaver Pond Zone underground workings in the 1970s.

Favorable Location & Geology

The project benefits from exceptional infrastructure and access. It is crossed by a paved highway, rail line and powerlines, enabling very cost-effective exploration and development.

Geologically, North Rock is hosted in a setting highly prospective for magmatic sulphide deposits, drawing comparisons to the past-producing Temagami and Thierry Mines in Ontario, and the Duluth Complex which hosts major deposits like Mesaba, NorthMet and Maturi in Minnesota.

Conclusion

GT Resources has launched a targeted exploration program to quickly and cost-effectively advance the North Rock project. The program, budgeted at under $200,000, aims to identify drill targets through borehole electromagnetic surveys on historic drill holes, reconnaissance mapping, and sampling. The project covers a 13-km long mineralized horizon along the Grassy Portage Gabbroic Complex, with historic drilling demonstrating Cu-Ni-Pd-Pt mineralization. The most significant zone, Beaver Pond, hosts a historic resource estimate of 1 million tons at 1.2% Cu. The project's location and access allow for cost-effective exploration, with the geological setting drawing comparisons to notable magmatic sulphide deposits in the region.

Investors can watch for results from the current BHEM and prospecting work followed by potential announcements regarding an initial drill program to test newly defined targets. With a highly experienced technical team, significant strategic investor, and projects in top tier mining jurisdictions, GT Resources is positioned to create value through exploration success.