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Gold Terra Extends the Sam Otto Gold Structure and Provides Corporate Update
VANCOUVER, BC / ACCESSWIRE / March 31, 2020 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Extends the Sam Otto Gold Structure and Provides Corporate UpdateVANCOUVER, BC / ACCESSWIRE / March 31, 2020 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCPINK:TRXXF) (\"Gold Terra\" or the \"Company\") is pleased to announce the results of five holes from the winter 2020 drill program at Sam Otto. (Figure 1) This drilling is designed to test a previously undrilled zone between Sam Otto Main Zone its southern extension. All five holes in the ‘Connector' Zone intersected gold mineralization outside of the current 43-101 inferred mineral resource estimate dated November 4, 2019 demonstrating previously suspected continuity of the Sam Otto Zone. (Figure 2) Highlights include 1.06g/t Au over 12.90m and 1.63 g/t Au over 7.25m in hole TSO20-063 and 0.45 g/t Au over 41.96m including 1.68 g/t Au over 5.00m in hole TSO20-062. To date Gold Terra has released 8 holes out of 34 holes drilled this winter with assays still pending.The Company has recently completed 9715m of drilling at Sam Otto ahead of time and ahead of budget. Prior to exiting the field for the season, Gold Terra will complete two deep holes on a new high-grade target generated from surface samples and Induced Polarization (I.P.) anomalies resulting from the winter geophysical survey currently being conducted. (Figure 3)Statement Regarding COVID-19:President and CEO David Suda stated: \"Gold Terra has taken steps to ensure the health and safety of our people and the continuity of our business amidst the COVID-19 crisis. We are very happy to report that to date we have no confirmed cases of the virus. Our company is fortunate to have a healthy cash position exiting the winter 2020 drilling season with the bulk of our drill results still to come.\"Geophysical (IP) Survey:Gold Terra commenced an extensive Induced Polarization (IP) geophysical survey on the primary focus area of our Yellowknife City Gold Project. The area covered by 125 line kilometres lies largely to the North of the Giant Mine and the Campbell shear structure where high grade mineralization is being targeted in the same stratigraphy as the Giant and Con Mines. Line cutting was completed on March 14th, and we expect the IP survey to be completed by the end of April. The IP survey has already generated compelling targets to be followed up.Chief Financial Officer Appointment:Gold Te...