by Greg Klein | July 20, 2015
Sample results reported July 20 by GTA Resources and Mining TSXV:GTA confirm gold associated with induced polarization anomalies at the Ivanhoe project in Ontario. Summer field work collected 83 rock samples and 47 soil samples, with rock samples ranging from less than 5 ppb to 1.13 grams per tonne gold.
Among the grab samples were grades of 0.75 g/t and 1.13 g/t found near the western end of the 500-metre-long Montana high resistivity zone. Samples reported from the area last year reached as high as 4.81 g/t.
A quartz float sample at the BP porphyry zone graded up to 1.13 g/t and was found 180 metres northeast of a float that last year graded 18.1 g/t gold. Of 15 soil samples from an area approximately 200 metres by 500 metres, seven showed anomalous results ranging from seven to 102 ppb gold.
GTA has drilling planned for autumn. The 13,258-hectare property features an interpreted extension of the Porcupine Destor fault zone and the northeast extension of the interpreted trend hosting the Borden Lake gold discovery acquired earlier this year by Goldcorp TSX:G through its takeover of Probe Mines.
GTA’s flagship is the 337-hectare Northshore project on the Hemlo-Schreiber Greenstone Belt. An engineering study announced last month examined a possible small-scale, low-cost open pit operation. The company has completed a 51% earn-in on the project, a joint venture with Balmoral Resources TSX:BAR.
In Newfoundland, GTA has geophysics planned for its recently acquired Burnt Pond zinc-copper property.