GT Resources Strikes High-Grade Nickel at Canalask: A Green Transportation Metals Opportunity

• GT Resources Inc. has intersected 2.12% nickel over 19.9 meters at its Canalask Nickel-Copper Project in Yukon, Canada, significantly exceeding historical resource estimates.
• The drill program, consisting of five holes totaling 1,010 meters, revealed high-grade mineralization near the surface, including 4.45% Ni over 1.3 meters.
• The company has expanded its property size by staking 11 new claims, totaling approximately 200 hectares, to capture potential down-dip extensions of known mineralization.
• Drilling results suggest the presence of both physically and hydrothermally remobilized nickel sulphide in the Footwall Zone, indicating potential for larger nickel-sulphide accumulations in the adjacent Kluane Ultramafic Feeder Dyke.
• GT Resources is strategically positioned in the green transportation metals sector, with a focus on sulphide nickel, copper, palladium, platinum, and cobalt exploration and development in Canada and Finland.

GT Resources Inc. (TSXV:GT) is a Canadian mineral exploration and development company at the forefront of the green transportation revolution. With a strategic focus on climate change risks and opportunities, GT Resources aims to discover and produce critical metals essential for the transition to sustainable transportation. The company's portfolio includes district-scale deposits in Canada and Finland, targeting high-grade nickel, copper, palladium, platinum, and cobalt resources.

With a presence in key mining jurisdictions and a focus on metals crucial for electric vehicles and renewable energy storage, GT Resources is well-positioned to capitalize on the growing demand for green transportation metals.

Canalask Project: A High-Grade Nickel Discovery

Drilling Program Highlights

GT Resources' recent drilling campaign at the Canalask Nickel-Copper Project in Yukon, Canada, has yielded impressive results that have surpassed historical estimates. The program, consisting of five diamond drill holes totaling 1,010 meters, focused on two primary targets: the historic high-grade Footwall Zone and the Electromagnetic (EM) conductor within the Ultramafic Feeder Dyke.

The standout result came from Hole CSK-24-02, which intersected:

• 2.12% nickel, 0.03% copper, 0.03% cobalt, 0.19 g/t gold, and 0.37 g/t palladium over 19.9 meters
• Including 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

These results are particularly significant as they far exceed the historical Footwall Resource Estimate grade of 1.3% nickel. Moreover, the intercept began close to the surface, at just 17.6 meters down hole, highlighting the accessibility of this high-grade mineralization.

Geological Implications & Exploration Potential

The drilling results have provided valuable insights into the geological structure and mineralization potential of the Canalask project. Key findings include:

• Footwall Zone Composition: The drilling suggests that the Footwall Zone comprises a combination of physically and hydrothermally remobilized nickel sulphide. This composition indicates the potential for larger nickel-sulphide accumulations within the adjacent Kluane Ultramafic Feeder Dyke.
• Precious Metals Discovery: The presence of significant gold and palladium mineralization opens up new avenues for exploration. Historically, precious metals were not systematically analyzed, suggesting untapped potential for additional value in the project.
• Massive Sulphide Target: While drilling in the ultramafic rocks within the Feeder Dyke encountered challenging ground conditions, the presence of footwall-hosted nickel sulphide suggests that a larger accumulation of nickel-sulphide may occur within the immediately adjacent Kluane Ultramafic Feeder Dyke. This presents a compelling target for future exploration.
• Gabbro-Hosted Mineralization: Historical drilling (hole VQ-7) returned 0.8% Ni and 0.2% Cu over 3 meters in gabbro-hosted mineralization. This remains a primary massive-sulphide target at Canalask, although the 2024 drilling campaign did not reach the targeted depth due to challenging ground conditions.

Property Expansion & Future Exploration

Recognizing the potential of the Canalask project, GT Resources has taken proactive steps to secure additional prospective land. Eleven (11) new claims were staked, expanding the property by approximately 200 hectares. The expansion aims to capture the potential down-dip extension of known mineralization

Future exploration efforts will focus on refining drilling techniques to overcome the challenging ground conditions within the Ultramafic Feeder Dyke, targeting the ultramafic dyke footwall contact near the historic high-grade Footwall Zone to trace a physical connection between the Footwall Style mineralization and the prospective basal gabbro unit, and further investigation of the gabbro-hosted mineralization, which remains a primary massive-sulphide target.

Strategic Positioning in the Green Transportation Metals Market

The White River Intrusive Complex

The Canalask project's location within the White River Intrusive Complex (WRIC) presents a compelling geological setting, drawing parallels to the renowned Norilsk Ni-Cu-PGE camp. This positioning is particularly advantageous due to the WRIC's nature as a "feeder system," characterized by high-volume magma flow. Such conditions create an ideal environment for the formation of magmatic nickel-copper sulphide mineralization, significantly enhancing the project's exploration potential.

What sets the Canalask project apart is its dual-deposit potential, hosting prospects for both "magmatic feeder-type" basal deposits and "epigenetic footwall-type" footwall deposits. This geological diversity not only increases the chances of making significant discoveries but also provides multiple avenues for exploration. Furthermore, the abundance of magmatic Ni-Cu-PGE showings at the base of the WRIC, coupled with the previously discovered nickel-rich Canalask footwall deposit, serves as a strong indicator of the area's overall prospectivity. These factors combined make the Canalask project a particularly intriguing target for further exploration and potential development in the nickel-copper-PGE sector.

Alignment with Green Transportation Trends

GT Resources' focus on nickel, copper, palladium, platinum, and cobalt positions the company at the heart of the green transportation revolution:

• Electric Vehicle Battery Demand: Nickel and cobalt are crucial components in electric vehicle batteries, with demand expected to surge as EV adoption accelerates globally.
• Hydrogen Fuel Cell Catalysts: Platinum and palladium play essential roles in hydrogen fuel cell technology, an emerging alternative in the green transportation sector.
• Copper for Infrastructure: The electrification of transportation requires significant copper for charging infrastructure and vehicle components.
• Supply Chain Security: With projects in Canada and Finland, GT Resources offers a secure supply of critical metals from politically stable jurisdictions, an increasingly important factor for end-users and investors.

Environmental, Social & Governance (ESG) Considerations

GT Resources has strategically positioned itself as an environmentally responsible player in the mining sector, with a strong focus on sustainability and ESG principles. At the core of their strategy is a commitment to achieving Net-Zero Greenhouse Gas (GHG) emissions, taking into account the entire life cycle of their operations. This comprehensive approach demonstrates the company's dedication to minimizing its environmental impact across all stages of mineral exploration and development.

The company's focus on critical metals essential for green transportation aligns closely with global efforts to reduce carbon emissions. By targeting resources such as nickel, copper, and platinum group elements, GT Resources is actively contributing to the supply chain necessary for the transition to sustainable transportation technologies. Additionally, the company's choice to operate in Canada and Finland provides a significant jurisdictional advantage. These countries are known for their robust environmental regulations and high social standards, which not only ensures responsible mining practices but also potentially mitigates ESG-related risks for investors and stakeholders.

Conclusion: An Opportunity in the Green Metals Space

For investors looking at GT Resources, the company presents an intriguing opportunity in the green transportation metals sector:

• High-Grade Discovery: The recent high-grade nickel intersection at Canalask demonstrates the potential for significant mineral resources.
• Strategic Metal Focus: The company's focus on nickel, copper, and PGEs aligns well with the growing demand for electric vehicles and other green technologies.
• Diversified Portfolio: With projects across Canada and Finland, GT Resources offers geographical diversification and exposure to multiple critical metals.
• Exploration Upside: The expansion of the Canalask property and the identification of new exploration targets suggest potential for future discoveries and resource growth.
• ESG Alignment: The company's commitment to net-zero emissions and focus on critical green metals may appeal to ESG-conscious investors.

However, investors should also consider the risks associated with early-stage mining exploration companies, including geological and exploration risks, commodity price volatility, funding requirements for ongoing exploration and development, and regulatory and permitting challenges.

In conclusion, GT Resources represents a speculative but potentially rewarding investment for those looking to gain exposure to the green transportation metals sector. The company's recent exploration success, strategic focus, and commitment to sustainable practices position it as an interesting player in the transition to a low-carbon economy. As always, investors should conduct their own due diligence and consider their risk tolerance before making investment decisions.