GT Resources Project Update for the Copper - Nickel - Palladium - Platinum ("PGE") LK Project, Finland
GT Resources Project Update for the Copper -
Nickel - Palladium - Platinum ("PGE") LK
Project, Finland
Toronto, Ontario--(Newsfile Corp. - January 13, 2026) -
GT Resources Inc.
(TSXV: GT) (OTCQB:
CGTRF) (FSE: 7N1)
(the "
Company
" or "
GT
") is pleased to provide an update on the Läntinen
Koillismaa ("LK") Copper - Nickel - Palladium - Platinum Project, located in northcentral Finland.
Highlights
The Company has commenced an extensive assay infill and re-assay program for the Kaukau Zone of
the existing LK deposit.
Over 5,000 samples from across the Kaukua Zone are expected to be analysed
to better define known mineralization.
This work is being conducted in preparation for a potential Resource Update and Preliminary Economic
Assessment ("PEA").
Background
LK is the Company's most advanced project having an existing NI43-101 Palladium - Platinum - Copper
dominated open pit Resource Estimate
1
as follows:
Indicated Resources:
1.1 Million ounces
Total Precious Metals
(Palladium + Platinum + Gold) ("TMP"),
111 Million pounds of Copper
,
92 Million pounds of Nickel,
contained in 38.2 million tonnes.
Inferred Resources:
1.1 Million ounces TMP
,
173 Million Pounds Copper
,
152 Million Pounds Nickel,
contained in 49.7 million tonnes.
The LK project remains open for expansion laterally and at depth, notably along the 17-km long
Haukiaho Trend (see
July 20, 2022 news release
)
Neil Pettigrew, Vice President Exploration, commented "With the resurgence of the platinum and
palladium markets coupled with Europe's focus on developing domestic critical mineral supply channels,
GT is well positioned with the suite of metal that global markets require.
The LK Project, located in northcentral Finland, represents the Company's most advanced project having
a NI 43-101 open pit Resource Estimate (Table 1a & 1b) and is well positioned to supply the European
Union with critical minerals, notably copper, palladium and platinum, of which Finland is heavy dependant
on imports with only one producing mine (Boliden's Kevitsa Mine). Boliden also operates both copper
and nickel smelters in Finland, thereby providing LK a potential competitive logistical advantage."
Assay Infill and Re-assay Program
The current infill and re-assay program is focused on the historic drilling of the Kaukua Zone which was
undertaken prior to 2009. The historic drill programs did not sample 100% of the drill core, and potential
remains to identify additional in pit resources. A total of ~500 infill samples are being collected and will
be submitted for analysis.
The primary focus of the program is to produce a homogenous assay database at Kaukua with all
samples analysed using the same analytical techniques. Historic drill programs used the "Aqua Regia"
digestion method. Aqua Regia is a partial digestion method which underestimates the total nickel grade
as it only digests sulphide hosted nickel. The majority of the drill hole samples at Kaukua were
completed by the Company and were analysed with the "Four Acid" digestion method which provides a
more complete digestion of the sample and representation of total nickel grade. All the Metallurgical
testing by the Company and the Net Smelter Return ("NSR") calculation used in the 2022 Mineral
Resource Estimate assumed all samples were analysed using the Four Acid digestion method. This
resulted in a two-fold effect: it under reported total nickel grades and secondly applied an unnecessarily
harsh nickel recovery to historic drill holes. Re-assaying historic samples analysed by Aqua Regia was
one of the recommendations from the 2022
technical report.
A total of ~4,600 drill core pulps are being collected and will be submitted for analysis. Once these
results have been compiled and analyzed on the Kaukua Zone the re-assay program may be extended
to the Haukiaho Zone which has an even larger proportion of historic drill holes.
Resource Expansion Potential
The 17-kilometer long Haukiaho trend represents the nearest term expansion potential (Figure 3). The
Haukiaho Deposit currently occupies only 2 kilometers of this trend. Historic drilling along this trend,
primarily by Outokumpu in the 1960's was only sampled for copper and nickel, partial resampling of
historic drill core by the Company in 2022 (see
July 20, 2022 news release
) returned significant platinum
and palladium grades.
Figure 3.
Location Map of the LK Project, NI 43-101 Mineral Resources, and near-term expansion
potential
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/280109_72361bf0d414797c_001full.jpg
1
1
Mineral Resource Estimate dated April 25, 2022:
Table 1a.
2022 LK MRE
MINERAL RESOURCE ESTIMATE - April 2022
Tonnes & Grade
Strip
Ratio
Tonnes
(Mt)
Pd
(g/t)
Pt
(g/t)
Au
(g/t)
TPM
(g/t)
Cu
(%)
Ni
(%)
Co
(g/t)
Indicated
Kaukua Area
1.50
38.2
0.61
0.22
0.07
0.89
0.13
0.11
64.56
Inferred
Kaukua Area +Murtolampi
1.45
30.8
0.52
0.20
0.08
0.80
0.14
0.14
86.07
Haukiaho
0.58
18.9
0.27
0.11
0.10
0.48
0.18
0.14
54.30
Total Inf.
1.26
49.7
0.43
0.17
0.09
0.68
0.16
0.14
73.98
Table 1b:
2022 LK MRE In-situ contained metal
MINERAL RESOURCE ESTIMATE - April 2022
Contained Metal
Strip
Ratio
Pd
(M oz)
Pt
(M oz)
Au
(M oz)
TPM
(M oz)
Cu
(M lbs)
Ni
(M lbs)
Co
(M lbs)
Indicated
Kaukua Area
1.50
0.74
0.26
0.08
1.09
110.7
91.6
5.4
Inferred
Kaukua Area +Murtolampi
1.45
0.52
0.20
0.07
0.79
96.5
93.9
5.8
Haukiaho
0.58
0.16
0.07
0.06
0.29
76.4
57.5
2.3
Total Inf.
1.26
0.68
0.26
0.14
1.08
172.9
151.5
8.1
Notes:
1
.
CIM (2014) definitions were followed for Mineral Resources.
2
.
The Mineral Resources have been reported above a preliminary open pit constraining surface using a Net Smelter Return (NSR) pit discard
cut-off of US$12.5/t (which for comparison purposes equates to an approximately 0.65 g/t Palladium Equivalent in-situ cut-off, based on
metal prices only).
3
.
The NSR used for reporting is based on the following:
a
.
Long term metal prices of US$ 1,700/oz Pd, US$ 1,100/oz Pt, US$ 1,800/oz Au, US$ 4.25/lb Cu, US$ 8.50/lb Ni and US$ 25/lb Co.
b
.
Variable metallurgical recoveries for each metal were used at Kaukua and Murtolampi and fixed recoveries of 79.8% Pd, 80.1% Pt,
65% Au, 89% Cu, 64% Ni and 0% Co at Haukiaho.
c
.
Commercial terms for a Cu and Ni concentrate based on indicative quotations from smelters.
4
.
Total Precious Metals (TPM) equals palladium plus platinum plus gold
5
.
Bulk densities range between 1.8 and 3.23 t/m
3
.
6
.
Numbers may not add up due to rounding.
7
.
Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of mineral resources may be
materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
8
.
The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration
to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in
upgrading them to an indicated or measured mineral resource category.
The Mineral Resource Estimate was prepared by the Company under the supervision of Mr. Sean
Horan, P.Geo., Technical Manager of Geology at SLR Consulting Ltd., based in Toronto, Ontario,
Canada. Mr. Horan is an Independent Qualified Person as defined by NI 43-101. The Mineral Resource
Estimate in the April 25, 2022 news release has been classified in accordance with CIM Definition
Standards on Mineral Resources and Mineral Reserves (May 14, 2014).
Qualified Person
The technical information in this release has been reviewed and verified by Neil Pettigrew, M.Sc.,
P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as
defined by National Instrument 43-101.
About GT Resources
GT Resources Inc. (TSXV: GT) is a mineral exploration company with a strategy to develop copper,
nickel, platinum and palladium mining projects in Europe and North America. Our projects are located in
Finland and Canada and are comprised of district scale opportunities that have attracted strategic
investment from a major mining company.
Follow
GT Resources
on
,
, and at
https://gtresourcesinc.com/
.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email:
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