GTA owns a 100% interest in an eight licence claim group (28.5 sq km) along the Tally Pond volcanic belt, within 10 km along strike of Teck’s Duck Pond Cu-Zn Mine. The Duck Pond Mine is classified as a VMS (volcanogenic massive sulphide) deposit and started production in 2007 with an initial resource of 6 million tonnes at approximately 3% Cu, 6% Zn, 60 g/t Ag and 0.9 g/t Au. The GTA claims are underlain by the same geological package of altered felsic volcanic rocks as are common to the Duck Pond Mine and hosts a number of untested EM (electro-magnetic) targets which are coincident with anomalous base metals (Zn, Cu, Pb and Ag) in both rock and soils. Historic drilling was limited, however the area has extensive geophysical and geochemical survey coverage. The historic Burnt Pond Prospect is located in the centre of the property and has been tested with approximately 14 drill holes which has defined a 30 m wide zone oo of base matel altered felsic volcanic including values up to 50.5% combined Zn-Pb-Cu over 0.37 meters. Anomalous zinc values associated with other alteration zones include the North Moose showing and the Wim Showing (1.9% Zn, 1.5% Pb) and drill intersections of 1.0%Zn/2.9m. The Burnt Pond project represents an opportunity to piggy-back on 20 years of previous field work in a mine environment and to test targets and ideas defined during this time.
In 2017, GTA completed a 874 m (three hole) drill program on the Burnt Pond Prospect VMS horizon. The drilling extended the base metal horizon an additional 250 meters to the northeast and had a best intersection of 0.72% Zn, and 5.1g/t Ag over 4.2 meters. The program was also successful in confirming the Burnt Pond Prospect is hosted by a thick sequence of highly altered felsic fragmentals, which is characteristic of the Duck Pond Mine. The known deposits tend to be thick lenses with limited strike and plunge dimensions within the volcanic pile. Additional drilling is being planned to further test the Burnt Pond Prospect horizon and other similar looking targets within the property.