GT Gold Announces Metallurgical Recoveries of up to 98% at Saddle
VANCOUVER, British Columbia, Feb. 14, 2018 (GLOBE NEWSWIRE) -- GT Gold Corp. (“GT Gold” or the “Company”) (TSXV:GTT) is pleased to announce initial metallurgical test results for the Saddle gold-silver discovery, located on the Company’s 100%-owned Tatogga property in northwestern British Columbia, Canada. Results show that the Saddle gold-silver mineralization is amenable to standard cyanidation processing with average recoveries of 84% gold and 25% silver, including numerous samples that showed recoveries of over 90%, and as high as 98%. The metallurgical test work was carried out by Blue Coast Research Ltd. of Parksville, B.C.
“These initial results are very encouraging even more so because they were unoptimized,” said Kevin Keough, President & CEO. “They constitute an important positive milestone for the advancement of the Saddle discovery.”
For metallurgical testing purposes 30 bulk composites spatially representative of the Saddle South Zone, and representative also of Saddle South style quartz-carbonate-sulphide mineralization, were created with drill core from 22 diamond core holes. Criteria for testing included standard bottle rolls using the following common processing parameters:
- 80% passing 100 μm
- retention time of 48 hours
The following table summarizes the initial metallurgical test results for Saddle:
|Note: All numbers are rounded. Composites highlighted with a * were ground to 25 μm|
NaCN consumption rates averaged 1.2 kg/t.
Independent Capital Markets Advisor
The Company has engaged an independent investor relations and capital markets advisory firm based in Toronto, to provide services on a non-exclusive basis for a three-month period, pursuant to which the Company has granted the advisory firm incentive stock options to purchase up to 90,000 shares. The options are exercisable for 2 years at a price of $0.70 cents.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
|For more information please contact: |
|GT Gold Corp.||GT Gold Corp.|
|Kevin M. Keough||Charles J. Greig, P.Geo|
|President and Chief Executive Officer||Vice President, Exploration|
|Tel: (613) 832-4592||Tel: (250) 492-2331|
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