GT Gold’s primary asset is the wholly-owned, 47.5K hectare Tatogga gold-copper project, located in the Traditional Territory of the Tahltan Nation, about 14km west of the Red Chris copper-gold mine.
“We are committed to continue building a constructive and respectful relationship with the Tahltan Nation, including with the community of Iskut, which is near the project, in anticipation of exploring this highly prospective area,” Newmont President and CEO, Tom Palmer, said in a statement.
“We understand and acknowledge that Tahltan consent is necessary for advancing the Tatogga project and we will partner with the Tahltan Nation at all levels, and with the government of British Columbia to ensure a shared path forward,” Palmer noted.
The acquisition of the Tatogga project adds to Newmont’s existing interest in the prolific golden triangle of British Columbia through the company’s 50% ownership in the Galore Creek project.
The copper-gold project, which includes the primary Saddle North asset, has the potential to contribute significant gold and copper annual production to Newmont’s overall output, the company said.
In addition to the known deposits at Saddle North, there are further exploration opportunities throughout the land package, Newmont said.
The Tahltan Nation’s territory spans 95,933 square km or 11% of BC and includes 70% of the province’s Golden Triangle, which has a thriving mineral exploration sector.
More to come…
