GT Gold mobilizes for 2020 field program and announces release date of initial mineral resource estimate for Saddle North gold-rich copper porphyry

VANCOUVER, British Columbia, June 24, 2020 (GLOBE NEWSWIRE) -- GT Gold Corp. (TSX-V:GTT) (the “Company” or “GT Gold”) is pleased to announce it is mobilizing for the commencement of the 2020 exploration season at the Tatogga Property (“Tatogga”) located in the Golden Triangle of northern British Columbia. All field work will be conducted in compliance with the Company’s robust COVID-19 prevention plan and in accordance with both the Provincial regulatory requirements as well as the guidance provided by the Tahltan Nation COVID-19 Emergency Management Team.

The 2020 exploration program will initially focus on diamond drill-testing new greenfield exploration targets in the Quash Pass area, where two large-scale anomalous trends and several adjacent individual targets have been identified. The Quash Pass target area is located approximately seven kilometres southwest of the known mineralization at Saddle North and Saddle South. The Company will be mobilizing the field team for site preparation over the next two weeks, with drilling anticipated to begin in late July 2020.

“We’re very pleased to be initiating our 2020 field program at Tatogga,” commented Paul Harbidge, President and CEO. “Our primary goal is to keep everyone safe and we will be conducting our work with utmost commitment to the protection of our employees and local communities.”

Saddle North Technical Update

The Company is finalizing the initial mineral resource estimate for the Saddle North gold-rich copper porphyry discovery. Due to national holidays in both Canada and the United States of America during the week commencing June 29, a public release date for the mineral resource estimate is planned for after market close on Monday, July 6, 2020. A related National Instrument 43-101 compliant technical report will be filed within the regulatory required time limits, the data for which will underpin a Preliminary Economic Assessment for Saddle North, expected to be released by year-end 2020.

About GT Gold

GT Gold is focused on exploring for base and precious metals in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. The Company’s flagship asset is the wholly-owned, 46,827 hectare Tatogga property, located near Iskut, British Colombia, upon which it made two significant discoveries in 2017 and 2018 at its Saddle prospect: a precious metal rich vein system at Saddle South and a gold-rich copper porphyry system at Saddle North.

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