Project:
Tatogga copper-gold project
Status:
Development
Location:
Golden Triangle, British Columbia, Canada
Controlling Shareholder:
Newmont Corporation
Operator:
Newmont Corporation
Royalty:
0.25% NSR royalty over Tatogga covering approximately 36,700 hectares of the Saddle North deposit.
Nova retains a right of first refusal over an additional 0.25% NSR covering the same area of the Saddle North deposit.
The last reported mineral resource estimates for Saddle North are as follows:
Tatogga Project Saddle North Mineral Resources Amenable to Open Pit Mining Methods(1)
| Average Grade | Contained Metal | |||||||||
|
Material Type |
Category | Tonnes (Mt) | Cu (%) | Au (g/t) | Ag (g/t) | CuEq (%) | Cu (Mlbs) | Au (Koz) | Ag (Koz) | CuEq (Mlbs) |
| Transition | Indicated | 21 | 0.15 | 0.16 | 0.5 | 0.24 | 72 | 108 | 340 | 112 |
| Inferred | 13 | 0.20 | 0.12 | 0.6 | 0.27 | 58 | 49 | 260 | 76 | |
| Fresh | Indicated | 196 | 0.26 | 0.30 | 0.7 | 0.42 | 1,105 | 1,906 | 4,210 | 1,808 |
| Inferred | 241 | 0.22 | 0.25 | 0.5 | 0.35 | 1,174 | 1,907 | 4,090 | 1,877 | |
| Total | Indicated | 217 | 0.25 | 0.29 | 0.7 | 0.40 | 1,177 | 2,014 | 4,550 | 1,920 |
| Inferred | 254 | 0.22 | 0.24 | 0.5 | 0.35 | 1,232 | 1,956 | 4,350 | 1,953 | |
Tatogga Project Saddle North Mineral Resources Amenable to Underground Mining Methods(1)
| Average Grade | Contained Metal | |||||||||
|
Material Type |
Category | Tonnes (Mt) | Cu (%) | Au (g/t) | Ag (g/t) | CuEq (%) | Cu (Mlbs) | Au (Koz) | Ag (Koz) | CuEq (Mlbs) |
| Fresh | Indicated | 81 | 0.35 | 0.56 | 1.2 | 0.65 | 632 | 1,457 | 3,030 | 1,168 |
| Inferred | 289 | 0.27 | 0.38 | 0.8 | 0.48 | 1,750 | 3,499 | 7,290 | 3,039 | |
Tatogga Project Saddle North Mineral Resources for Combined Mining Methods(1)
| Average Grade | Contained Metal | |||||||||
|
Material Type |
Category | Tonnes (Mt) | Cu (%) | Au (g/t) | Ag (g/t) | CuEq (%) | Cu (Mlbs) | Au (Koz) | Ag (Koz) | CuEq (Mlbs) |
| Total | Indicated | 298 | 0.28 | 0.36 | 0.8 | 0.47 | 1,809 | 3,471 | 7,580 | 3,088 |
| Inferred | 543 | 0.25 | 0.31 | 0.7 | 0.42 | 2,982 | 5,455 | 11,640 |
4,992 |
|
Notes:
Refer to GT Gold’s NI 43-101 Technical Report entitled “NI 43-101 Technical Report on the Saddle North Copper-Gold Project, Tatogga Property” prepared by Richard Flynn, P.Geo, Next Mine Consulting. Effective as of July 6, 2020 and filed under GT Gold’s profile on SEDAR on August 20, 2020.