Business
Gold Terra Confirms High-Grade Intersection of 9.36 g/t Au Over 3 Metres in Winter Program of Mispickel Area, Yellowknife, NWT
VANCOUVER, BC / ACCESSWIRE / August 25, 2022 / Gold Terra Resource Corp. (TSXV:YGT); (Frankfu...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Confirms High-Grade Intersection of 9.36 g/t Au Over 3 Metres in Winter Program of Mispickel Area, Yellowknife, NWTVANCOUVER, BC / ACCESSWIRE / August 25, 2022 / Gold Terra Resource Corp. (TSXV:YGT); (Frankfurt:TX0); (OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") today announced final assay results for all 19 drill holes totaling 6,011 metres drilled in the Mispickel area, including a higher-grade re-run assay for hole GTWL22-004 with reported visible gold (VG) and assays results for the remaining eleven (11) holes of the program. The 2022 drilling program has successfully extended gold mineralization in the Mispickel area with the addition of two new gold zones, MP-Ryan and Zone 14. Gold Terra plans to return to the area next winter with more drilling to infill and extend the three high grade zones identified to date. The Mispickel area, and multiple high grade zones are open in all directions.Chairman and CEO, Gerald Panneton, commented, \"The Mispickel area now has two additional new high-grade gold zones located north and west of the original main Mispickel area. The Mispickel area is strategically situated 20 kilometres north of Yellowknife and complements our flagship Con Mine Option Property where we are currently drilling at depth along the Campbell Shear south of the Con and on which an updated mineral resource estimate will be provided in September.\"Figure 1: Location map of Northbelt deposits and Mispickel MP-Ryan ZoneDrilling ResultsA summary of drill results for all 19 drill holes are shown in Table 1 below. New assay results are shown for holes GTWL22-001, 009 to 013 and 015 to 019. Previously released holes include GTWL22-002-008 and 014 with one new updated re-run assay for GTWL22-004.Highlights include hole GTWL22-017 which intersected 5.17 g/t Au over 3 metres from 320-323 metres and an updated re-run assay result for hole GTWL22-004 which returned 9.36 g/t Au over 3 metres from 57-60 metres, including the sample containing the visible gold-bearing vein which graded 27.7 g/t Au over 1 metre.Table 1 - Summary of Assay Intersections on Mispickel MP-Ryan Zone:Hole (*previously reported)CommentsIntervalsGTWL22-001low gradesDrilled on Drag Rust Zone 6km south of MP-Ryan along strike of possibly the same structureGTWL22-002*VG20-24m: 19 g/t Au over 4mGTWL22-003* 164-169m: 1.01 g/t Au over 5m218-223m: 1...