BURNT POND

Highlights

  • GTA recently acquired the Burnt Pond Zinc Project in central Newfoundland.
  • The property consists of eight contiguous claims in the Tally Pond volcanic belt, 10 km along strike from Teck Resources Limited's (Teck) past-producing Duck Pond Cu-Zn Mine.
  • The claims encompass a number of known volcanogenic massive sulphide (VMS) style base metal prospects including Burnt Pond, North Moose and Wim.
  • Historic drill intersections at the Burnt Pond prospect include 0.8% Cu, 25.8% Zn, 24.0% Pb, 791.1 g/t Ag
    over 0.37 meters (m) within a wider 12 m zone of semi-massive sulphides (from Volcanic Metals Exploration Inc.).
  • GTA plans to drill two areas in early 2017.

The claims, which cover 28.5 sq. km., are underlain by altered and mineralized felsic volcanics with untested electromagnetic targets coinciding with anomalous base metals in rock and soil samples.  Previous work in the area resulted in the discovery of the Duck Pond Mine in the 1980’s.  This mine was operated by the Teck from 2007 until 2015 when the mine/mill complex was closed after the orebodies were mined out (the initial proven reserves were 4.1million tonnes at an average grade of 3.3% Cu, 5.7% Zn, 59 g/t Ag and 0.9 g/t Au).  In addition to the Duck Pond Mine, the world class Buchans Mine is located 35 km to the northwest, where a total of 16.2 million tonnes grading 14.5% Zn, 7.6% Pb, 1.3% Cu, 126g/t Ag and 1.4% Au were mined from five orebodies over a 50 year period.

GTA has completed compilation, prospecting and limited lithogeochemistry studies to date and has outlined two areas for initial drill testing.  These include the northeast extension of the Burnt Pond horizon, which has open base metal intersections and a new target on the South Moose horizon, along strike from the Boundary Deposit.  The Burnt Pond project is a prime opportunity to leverage 20 years of previous work in a highly prospective geologic belt.

Highlights

  • GTA recently acquired the Burnt Pond Zinc Project in central Newfoundland.
  • The property consists of eight contiguous claims in the Tally Pond volcanic belt, 10 km along strike from Teck Resources Limited's (Teck) past-producing Duck Pond Cu-Zn Mine.
  • The claims encompass a number of known volcanogenic massive sulphide (VMS) style base metal prospects including Burnt Pond, North Moose and Wim.
  • Historic drill intersections at the Burnt Pond prospect include 0.8% Cu, 25.8% Zn, 24.0% Pb, 791.1 g/t Ag over 0.37 meters (m) within a wider 12 m zone of semi-massive sulphides (from Volcanic Metals Exploration Inc.)
  • GTA plans to drill two areas in early 2017.

The claims, which cover 28.5 sq. km., are underlain by altered and mineralized felsic volcanics with untested electromagnetic targets coinciding with anomalous base metals in rock and soil samples.  Previous work in the area resulted in the discovery of the Duck Pond Mine in the 1980’s.  This mine was operated by the Teck from 2007 until 2015 when the mine/mill complex was closed after the orebodies were mined out (the initial proven reserves were 4.1million tonnes at an average grade of 3.3% Cu, 5.7% Zn, 59 g/t Ag and 0.9 g/t Au).  In addition to the Duck Pond Mine, the world class Buchans Mine is located 35 km to the northwest, where a total of 16.2 million tonnes grading 14.5% Zn, 7.6% Pb, 1.3% Cu, 126g/t Ag and 1.4% Au were mined from five orebodies over a 50 year period.

GTA has completed compilation, prospecting and limited lithogeochemistry studies to date and has outlined two areas for initial drill testing.  These include the northeast extension of the Burnt Pond horizon, which has open base metal intersections and a new target on the South Moose horizon, along strike from the Boundary Deposit.  The Burnt Pond project is a prime opportunity to leverage 20 years of previous work in a highly prospective geologic belt.