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Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold Project
VANCOUVER, BC / ACCESSWIRE / April 1, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OT...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold ProjectVANCOUVER, BC / ACCESSWIRE / April 1, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") supporting the mineral resource estimate on its Yellowknife City Gold project (the \"YCG Project\") as reported in the Company's news release dated March 16, 2021.The technical report, titled \"Technical Report on the 2021 Updated Mineral Resource Estimates, Northbelt Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada\" with an effective date of March 8 2021, can be found on the Company's website at https://www.goldterracorp.com and on SEDAR at www.sedar.com. This updated mineral resource estimate includes the Sam Otto, Crestaurum, Barney and Mispickel gold deposits previously reported in the initial November 2019 mineral resource and includes assay results from the 2020 drill program on the Sam Otto and Crestaurum deposits.The 2021 mineral resource estimate highlights:Significant increases to the in situ mineral inventory from the 2019 mineral resource estimate was achieved by the 2020 drilling at Sam Otto (9,622 metres) and Crestaurum (7,648 metres), which increased the strike and dip of both these deposits.The 1,207,000 ounce inferred mineral resource consists of an:Open pit constrained inferred mineral resource of 21.8 million tonnes averaging 1.25 g/t for 876,000 ounces of contained gold.Underground inferred mineral resource of 2.55 million tonnes averaging 4.04 g/t for 331,000 ounces of contained gold.The potential to increase mineral resources on specific targets include:The untested depth extension on both the Sam Otto Main and the Sam Otto South deposits.Gold Terra believes that selective closer spaced drilling at the Crestaurum deposit can potentially increase mineral resources below the 300-metre depth.The 2020 drilling on the Crestaurum deposit revealed an untested three-kilometre strike length of this gold bearing structure to the south of the current mineral resource.A review of the structural controls on the Mispickel and Barney deposits during t...