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Gold Terra Announces Phase 1 Drilling Program of 12,000 Metres on Newmont Option Claims Following Campbell Shear Compilation Results
VANCOUVER, BC / ACCESSWIRE / November 12, 2020 / Gold Terra Resource Corp. (TSX-V:YGT)(FSE:TX...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Announces Phase 1 Drilling Program of 12,000 Metres on Newmont Option Claims Following Campbell Shear Compilation ResultsVANCOUVER, BC / ACCESSWIRE / November 12, 2020 / Gold Terra Resource Corp. (TSX-V:YGT)(FSE:TX0)(OTC PINK:TRXXF) (\"Gold Terra\" or the \"Company\") is pleased to announce the start of a 12,000 metre drilling program to test the Campbell Shear, south of the former producing Con Mine, on the Company's recently optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (\"Newmont\"), adjacent to its 100% wholly-owned Yellowknife City Gold (\"YCG\") project in the Northwest Territories. In this Phase 1 program, the Company plans to drill up to 19 holes testing over 1.2 kilometres of strike extension of the Campbell Shear at vertical depths between 250 and 600 metres to extend known gold mineralization (Figure 1. Plan View) (Figure 2. Plan View - Close-up).Executive Chairman Gerald Panneton stated: \"The Campbell Shear target where more than 13 million ounces of Gold has been produced historically (Con and Giant mines)2 is the main reason I joined Gold Terra one year ago. Our first priority was to secure the option agreement with Newmont (Refer to news release September 8, 2020) and now the time has come to start our drilling program on the prolific Campbell Shear extension immediately south of Newmont's Con Mine. We are very excited to begin drilling this month on what we believe to be one of the most prospective targets in the Yellowknife mining camp.\"Compilation workData compilation work completed by Gold Terra in 2020, including an integrated 3 Dimensional model of 13,699 historical drill holes from underground and surface exploration of the Campbell Shear, highlighted the prospectivity of the southern extension of the Campbell Shear. In particular, some very good historical intersections were previously drilled on the Campbell Shear southern extension with limited follow-up drilling. With the Southbelt property (100% Gold Terra) and the option on the Newmont ground, the Company will be able to test the Campbell Shear, which remains relatively underexplored south of the Con Mine and at depth.Campbell Shear StructureAt the former Con Mine, the Campbell Shear (5.1 of the 6 million ounces produced between 1938-2005) dips west and is located between two stratigraphic unconformit...