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GT Resources Announces Diamond Drilling Underway on the Canalask Nickel-Copper Project

GT Resources Announces Diamond Drilling Underway on the Canalask Nickel-Copper Project

Gt资源公司宣布金刚石钻探已在Canalask镍铜项目上展开
newsfile ·  07/08 06:30

Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT Resources") is pleased to announce drilling of the Electromagnetic ("EM") targets at the Canalask Nickel-Copper Project is now underway.

安大略省多伦多-(新闻稿-2024年7月8日)-GT资源公司(TSXV: GT)(OTCQB: CGTRF)(FSE: 7N1)(以下简称"公司"或"GT资源")非常高兴地宣布,工业燃料币电磁(“EM”)目标在Canalask镍铜项目上的钻探现在正在进行。

"The first drill hole is well underway and is targeting a ~1000m x 400m EM Maxwell plate in the feeder dyke, proximal to the Historic Resource Estimate containing 1.35% nickel in 400kt (while abundant, copper was not historically reported). Given the strong EM response that we have, our target is massive sulphide (copper-nickel) mineralization in the main body of the feeder dyke," stated Derrick Weyrauch, President and CEO.

第一钻孔已经开始,并瞄准了位于馈线岩体附近的大约100000万×40000万Em Maxwell板块,靠近历史资源估计中的含1.35%镍的400kt(尽管丰富,但未曾进行过铜的历史报告)。鉴于我们拥有强烈的Em响应,我们的目标是馈线岩体主体(铜镍)硫化物大型矿化。" - 德里克·韦劳奇(Derrick Weyrauch)总裁兼首席执行官。

Plans include drilling up to 2,000 meters plus conducting downhole EM surveys to locate massive nickel-copper sulphide mineralization (see news release January 16, 2024).

计划包括钻探高达2000米以及进行下孔Em调查,以找到大型镍铜硫化物矿化(参见2024年1月16日新闻稿)。

Figure 1 - Drill setup on the first drill pad of the 2024 drill program.

图1-2024年钻探计划的第一个钻探垫上的钻探设置。

Figure 2 - Drill setup on the first drill pad of the 2024 drill program.

图2-2024年钻探计划的第一个钻探垫上的钻探设置。

Exploration Target

勘探目标

The "White River Intrusive Complex" (WRIC) is a favourable setting for magmatic nickel-copper sulphide mineralization and is considered a "feeder system" with a high volume of magma flow. As evidenced by the abundance of magmatic Ni-Cu-PGE showings at the base of the WRIC and the discovery of the nickel-rich Canalask footwall deposit, the project hosts strong potential for both "magmatic feeder-type" basal deposits and "epigenetic footwall-type" footwall deposits. The geological setting draws comparison to the world-class Norilsk Ni-Cu-PGE camp.

白河侵入体(WRIC)是镁铜硫化物岩浆成矿化的有利条件,被认为是高体积的岩浆流输送系统。由WRIC底部富含镁铜铂族元素显示的岩浆Ni-Cu-PGE点和镍富集的Canalask落脚墙矿床的发现,项目在“岩浆共生型”基底沉积物和“表生落脚墙型”落脚墙矿床方面具有强大的潜力。地质条件类似于世界一流的Norilsk镍铜铂族元素矿区。

Figure 3. Isometric view new looking southwest of the modelled ultramafic dyke (purple) and modelled Maxwell plate (yellow) from the 2023 ground EM survey and position of historic drill holes including VQ-7 which is located near the upper northeast corner of the plate. Insert map in the upper left is a stylized cross section illustrating the exploration target consisting of massive magmatic sulphides located at the base of the ultramafic dyke.

图3. 从2023年的地面Em勘测数据中新建立的向西南方向观察模拟超镁铁质岩岩体(紫色)和模拟Maxwell板(黄色),历史钻孔的位置包括位于板块上东北角附近的VQ-7。左上角的插图是一幅风格化的剖面图,展示了勘探目标,包括位于超镁铁质岩岩体底部的大型岩浆硫化物。

Canalask Historical Resource Estimate
Readers are cautioned that the Company has not attempted to verify the historic mineral resource estimate and therefore readers should not place any reliance on the historical estimate. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. The Company is not treating the historical estimate as current mineral resource.

Canalask历史资源估算
读者应该注意,公司没有尝试验证历史矿物资源估计,因此读者不应该依赖历史估计。没有合格人员进行足够的工作将历史估算分类为当前矿产资源。公司不将历史估计视为当前矿产资源。

Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc., P. Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

合格人士
此新闻稿中的技术信息已由Neil Pettigrew万.Sc. P.Geo.进行了审查和验证,他是该公司的勘探副总裁和董事,也是《43-101国家规定》定义的合格人。

About GT Resources Inc.
With a focus on climate change risks and opportunities, GT Resources Inc.'s (TSXV: GT) strategy is to discover and ultimately produce critical Green Transportation Metals, including but not limited to sulphide nickel, copper, palladium, platinum and cobalt. A Canadian mineral exploration and development company, GT Resources is advancing district scale deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Our strategy includes delivering Net-Zero Greenhouse Gas ("GHG") emissions considering the full life cycle of exploration, development, mining activities and that of the metals we strive to produce.

关于GT Resources Inc.
专注于气候变化的风险和机遇,GT资源公司(TSXV: GT)的战略是发现并最终生产关键的绿色交通金属,包括但不限于硫化镍,铜,钯,铂和钴。作为一家加拿大的矿业勘探和开发公司,GT资源正在推进加拿大和芬兰的区域规模存储。北部中部芬兰的Läntinen Koillismaa (LK)项目是一个已有NI43-101矿产资源的PGE铜镍项目,而Tyko和Canalask高品位镍铜项目分别位于加拿大安大略省和育空地区。我们的策略包括提供净零温室气体排放,考虑到勘探,开发,采矿活动以及我们努力生产的金属的整个生命周期。

Follow GT Resources on LinkedIn, Twitter, and at .

在领英、Twitter上关注GT资源公司,以及

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director

代表董事会
Derrick Weyrauch
总裁兼首席执行官,董事

For further information contact:
Derrick Weyrauch, President & CEO
Email:
info@gtresourcesinc.com

有关更多信息,请联系:
Derrick Weyrauch,总裁兼CEO
电子邮件:info@gtresourcesinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSXV或其市场监管机构(如TSXV的政策所定义的那样)对本公告的充分性或准确性不承担责任。

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

本新闻稿不是要在美国销售证券或要约出售证券。GT Resource Inc.的普通股未被注册或将不会在美国1933年修正案的证券法下注册,并且在未注册或适用豁免注册的情况下可能不会在美国销售或出售。

Information set forth in this press release may contain forward-looking statements. Forward-Looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-Looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

本新闻稿中提供的信息可能包含前瞻性语句。前瞻性语句是指涉及未来而非过去事件的陈述。在此背景下,前瞻性语句通常会涉及公司未来预期的业务和财务表现,通常包含诸如"预期"、"相信"、"计划"、"估计"、"期望"和"打算"等词语,以及表明"可能"、"可能"、"可能"、"应该"或"将"被采取或发生的行动或事件,或其他类似表述。由于它们的性质,前瞻性语句涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致我们的实际结果、业绩或成就,或其他未来事件,与任何未来结果、业绩或成就在表述或暗示的任何未来结果、业绩或成就与之实质上不同。此类因素包括,但不限于,与项目开发有关的风险;需要额外融资的风险;与采矿和矿物加工有关的操作风险;矿物和商品价格的波动;产权事项;环境责任索赔和保险;对关键人员的依赖;未发放股息;竞争;稀释;我们普通股价格和成交量的波动;以及政府实体的影响。前瞻性语句是根据管理层在陈述日期的信念、估计和意见而作出的,而且如果这些信念、估计和意见或其他情况发生变化,公司不承担更新前瞻性语句的义务。投资者应当注意,在将前瞻性语句归因于前瞻性语句时,不应过度确定前瞻性语句。

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