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Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project
VANCOUVER, BC / ACCESSWIRE / March 16, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FSE:TX0)(O...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold ProjectVANCOUVER, BC / ACCESSWIRE / March 16, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FSE:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce an updated mineral resource estimate on its Yellowknife City Gold project (the \"YCG Project\"), located 12 kilometres from the City of Yellowknife, NWT. The classification of the mineral resource estimate was completed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition Standards incorporated by reference in National Instrument 43-101 (\"NI 43-101\"). This updated mineral resource estimate includes the Sam Otto, Crestaurum, Barney and Mispickel gold deposits (see Figure 1) previously reported in the initial November 2019 mineral resource estimate prepared in accordance with NI 43-101 and includes assay results from the 2020 drill program on the Sam Otto (9,622 metres) and Crestaurum (7,648 metres) 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, and anUnderground inferred mineral resource of 2.55 million tonnes averaging 4.04 g/t for 331,000 ounces of contained gold.Figure 1 - YCG Sam Otto, Crestaurum, Barney and Mispickel depositsPresident and CEO David Suda stated, \"We are pleased to announce the significantly expanded inferred mineral resource for the YCG Project, which demonstrates the growth potential of this project to all stakeholders. With a 1.2 million ounce inferred mineral resource, the mineralized system is open for further expansion in most directions. Currently, our focus is drilling the unexplored potential of the Campbell Shear structure which produced more than five million ounces of high-grade gold at the Con Mine. The Campbell Shear drilling, which commenced in late 2020, has the potential to demonstrate that our district scale YCG Project may host multiple deposits.\"To hear about the updated inferred mineral resource and the YCG Project, please join us at our webinar event: Adelaide Capital Hosts Gold Terra UpdateWebinar Registration Click HereTopic: Update by Gerald Panneton and David SudaDate and Time: March 17, 202...