- Gold Tree Resources (GTX) released results from the initial exploration program on its Skygold Project in the Cariboo region of central British Columbia
- New sampling has identified a highly anomalous concentration in till heavy mineral concentrate (HMC) of up to 420.79 g/t gold in Sample SG-22-TIL-04
- Detailed analysis of the sample material identified alongside the pristine gold grains in till can help to identify a potential source on the property near the samples
- Gold Tree (GTX) is up 16.92 per cent, trading at $0.38 at 9:40 am ET
Gold Tree Resources (GTX) released results from the initial exploration program on its Skygold Project in the Cariboo region of central British Columbia.
Collected to the northeast of Frost Lake, new sampling has identified a highly anomalous concentration in till heavy mineral concentrate (HMC) of up to 420.79 g/t gold in Sample SG-22-TIL-04.
The new results extend the existing gold in till “anomaly B” up ice and expand the pre-existing anomaly “B” to approximately 1,600 metres by 1,100 metres. “Anomaly B” is now composed of both pristine and reshaped gold in till anomalies, including pristine grain samples up to 4.58 g/t gold in sample SGHM-19-20 and 180 pristine grains in sample SGHM-19-19.
Detailed analysis of the sample material identified alongside the pristine gold grains in till can help to identify a potential source on the property near the samples.
Adrian Smith, Gold Tree’s CEO, commented, “We are pleased to see additional till samples with elevated gold values. This confirms our belief that there could be one or more source areas for the anomalous gold within the project area.”
Gold Tree Resources Ltd. (GTX) is an exploration stage natural resource company focused on the acquisition, exploration, and development of North American mining projects.
Gold Tree (GTX) is up 16.92 per cent, trading at $0.38 at 9:40 am ET.