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Gold Terra Commences Drilling Program Today on the High-Grade Crestaurum Deposit in Yellowknife, NWT
VANCOUVER, BC / ACCESSWIRE / August 17, 2020 / Gold Terra Resource Corp. (TSX-V:YGT) (Fran...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Commences Drilling Program Today on the High-Grade Crestaurum Deposit in Yellowknife, NWTVANCOUVER, BC / ACCESSWIRE / August 17, 2020 / Gold Terra Resource Corp. (TSX-V:YGT) (Frankfurt:TX0) (OTC PINK:TRXXF) (\"Gold Terra\" or the \"Company) is pleased to announce the commencement of a 10,000 metre drilling program testing high-grade gold targets at its wholly owned Yellowknife City Gold project (\"YCG\") in the Northwest Territories.Highlights:Mobilization to site completed with one diamond drill turningUpcoming drill program targeting high-grade Crestaurum depositAdditional drilling planned targeting the Campbell Shear regional structureCommencing drilling with a strong cash position following an equity raise of $7.1 millionCOVID-19 protocols in place for drilling programDavid Suda, President and CEO, stated, \"The company is well funded and we are very excited to start drilling on the Crestaurum high-grade gold deposit, which has considerable potential for expansion along strike and at depth. Following Crestaurum, our drilling activities will focus on testing multiple new high-grade targets along the prolific Campbell Shear structure.\"This first phase of drilling, consisting of seven holes totaling 3,700 metres, will cover a strike length of approximately 1 kilometre to test the depth extension of the Crestaurum deposit to 400 metres below surface, approximately 200 metres below the current resource limit, and to test the Daigle fault offset which displaces the deposit to the south (Link to long section). Following the first phase of drilling, the Company is planning to test the Crestaurum deposit deeper between 400 and 600 metres (Refer to news release dated July 21, 2020).Gold Terra has received a Mineral Incentive Program (\"MIP\") grant of $86,000 from the Government of the Northwest Territories for exploration work on its YCG project. The proposed work program totaling $240,000 will mainly include ground geophysical surveys (Induced Polarisation) to cover the extension of the Campbell Shear zone onto the North Belt of the YCG property, immediately north of the Giant mine.The Company is also planning to drill a number of targets on the high-grade Campbell Shear structure, which extends on the Company's property both north and south of the former Con and Giant mines, which have produced over 14 million ounces of...