GT Resources Reports Significant Nickel Intersection at Canalask Project with 2.12% Ni Over 20 Meters

• Significant intercept of 2.12% nickel over 19.9 meters, including 4.45% Ni over 1.3 meters
• Property expansion with 11 new claims totaling 200 hectares
• Five-hole drill program completed totaling 1,010 meters
• First drill testing of the Footwall Zone since the 1990s
• Historical resource of 400,000 tonnes at 1.35% nickel in the Main Zone

Company Overview

GT Resources Inc. (TSX-V: GT, OTCQB: CGTRF, FRA: 7N1) is a Canadian mineral exploration and development company focused on critical Green Transportation Metals. The company's portfolio includes district-scale deposits in Canada and Finland, with a strategic emphasis on sulphide nickel, copper, palladium, platinum, and cobalt. GT Resources stands out for its commitment to Net-Zero Greenhouse Gas emissions across its operational lifecycle, including exploration, development, and mining activities. Their flagship projects include the Läntinen Koillismaa (LK) Project in Finland, which hosts NI43-101 Mineral Resources, and high-grade nickel-copper projects in Ontario (North Rock and Tyko) and Yukon (Canalask).

Drilling Program Results

The company's 2024 exploration campaign at the Canalask Nickel-Copper Project in Yukon, Canada, has yielded promising results from its initial diamond drilling program. The standout intercept came from hole CSK-24-02, which returned 2.12% nickel, 0.03% copper, 0.03% cobalt, 0.19 g/t gold, and 0.37 g/t palladium over 19.9 meters in the Footwall Zone. This intersection, which began near surface at 17.6 meters down hole, included a high-grade section of 4.45% Ni, 0.05% Cu, 0.06% Co, 0.37 g/t Au, and 1.44 g/t Pd over 1.3 meters.

Technical Significance

The drilling results are particularly significant as they exceed the Historic Footwall Resource Estimate grade of 1.3% nickel. Additionally, the program revealed previously unrecognized precious metals potential, as historical exploration had not systematically analyzed for gold and palladium. The Footwall Zone mineralization appears to comprise both physically and hydrothermally remobilized nickel sulphide, suggesting the potential for a larger nickel-sulphide accumulation within the adjacent Kluane Ultramafic Feeder Dyke.

Operational Challenges & Future Plans

While the Footwall Zone drilling proceeded smoothly, the program encountered challenges when targeting the ultramafic Feeder Dyke. Difficult ground conditions and challenges with mud mixtures prevented holes targeting the favorable gabbro unit from reaching their planned depths. This unit remains a primary massive-sulphide target, particularly given historical results from hole VQ-7, which returned 0.8% Ni and 0.2% Cu over 3 meters.

Property Expansion

Recognizing the potential for down-dip extension of known mineralization, GT Resources has expanded its property position by staking 11 new claims, adding approximately 200 hectares to the project area. This strategic expansion strengthens the company's position in this prospective region.

Exploration Potential

The project's geological setting within the "White River Intrusive Complex" (WRIC) presents significant exploration potential. The WRIC is considered a favorable environment for magmatic nickel-copper sulphide mineralization, functioning as a "feeder system" with high magma flow volume. The presence of numerous magmatic Ni-Cu-PGE showings at the WRIC's base and the discovery of the nickel-rich Canalask footwall deposit suggest strong potential for both "magmatic feeder-type" basal deposits and "epigenetic footwall-type" deposits. The geological setting has drawn comparisons to the world-class Norilsk Ni-Cu-PGE camp.

The Investment Thesis for GT Resources

GT Resources presents a compelling investment opportunity for several reasons. First, the company's focus on critical Green Transportation Metals positions it well within the growing electric vehicle and renewable energy sectors. The recent high-grade nickel intersection at Canalask demonstrates the project's potential to host significant mineralization, with grades exceeding historical estimates and the addition of previously unrecognized precious metals values.

The company's strategic property expansion and its position within a geological setting comparable to the world-class Norilsk camp suggest substantial exploration upside. Furthermore, GT Resources' commitment to Net-Zero GHG emissions aligns with increasing investor focus on ESG considerations, potentially making it more attractive to environmentally conscious investors and future strategic partners.

The company's diverse portfolio of assets across stable mining jurisdictions (Canada and Finland), including the advanced-stage LK Project with existing NI43-101 resources, provides investors with exposure to multiple potential value drivers while mitigating single-project risk. The combination of near-surface high-grade mineralization at Canalask, district-scale potential, and the company's green metals focus makes GT Resources an interesting opportunity for investors seeking exposure to the critical minerals sector.