- Published: 22 August 2016
- Written by Editor
GTA Reports Results from Drilling on the Northshore Project, Ontario, Including 23.73 g/t Gold Over 9.0 Metres (Including 139.00 g/t Gold Over 1.20 Metres)
Table 1: A-Series holes targeting the Caly system
Table 2: D Series Holes targeting the Audney System
GTA is in the process of compiling this new data with the previous drill data to further investigate the potential economics of the near surface gold mineralization. It is expected further drilling will be required to fill in areas which require additional drill information. This additional drilling is expected to begin in early September, and should take less than a month to complete. Also, preliminary metallurgical testwork is currently being carried out on two composited drill core samples to determine gold recoveries. These samples were selected from each of the Caly and Audney vein systems. These preliminary metallurgical results should be available within the next few weeks.
Earlier this year GTA completed a flow-through financing and is fully funded to complete this phase of exploration. Additionally, GTA has applied for and received approval from the Junior Exploration Assistance Program ("JEAP") to assist with the drilling program. Based on budget estimates, GTA expects to receive a grant of approximately $ 75,000 from JEAP upon the completion of exploration and the filing of a final report.
The Northshore Property is a joint venture with Balmoral Resources Ltd. (see press release dated Aug. 18, 2014). GTA is the operator and owns more than a 51% interest in the project. GTA will be funding 100% of this proposed field work as Balmoral has opted not to participate in this phase of the program and will be diluted accordingly.
QA/QC - The planning, execution and monitoring of GTA's exploration programs on the Northshore Project are under the supervision of Robert (Bob) Duess, P. Geo. (Ontario), VP Exploration of GTA. Mr. Duess is a qualified person as defined by National Instrument 43-101 and is also the Qualified Person for this release. Mr. Duess has supervised the work programs on the Northshore Property, supervised the collection of the samples and drill core described herein and reviewed the assays and QA/QC data. Mr. Duess has also reviewed and approved this release.
GTA has implemented a quality control program for the drill programs on the Northshore Property to ensure best practice in sampling and analysis. GTA maintains strict quality assurance/quality control protocols including the systematic insertion of certified standard reference and blank materials into each sample batch. Analyses in this release were performed by Actlabs in Thunder Bay, Ontario with ISO 17025 accreditation. Samples are transported in sealed bags to Actlabs and all samples were assayed using industry-standard assay techniques for gold. Gold was analyzed by a standard 30 gram fire assay with an AA and/or gravimetric finish.