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Gold Terra Intersects 1.97 g/t Gold over 6.50 Metres with Visible Gold and 2.00 g/t Gold 0ver 4.50 Metres at Depth on Campbell Shear, Con Mine Property, Yellowknife, NWT
VANCOUVER, BC / ACCESSWIRE / June 27, 2022 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Intersects 1.97 g/t Gold over 6.50 Metres with Visible Gold and 2.00 g/t Gold 0ver 4.50 Metres at Depth on Campbell Shear, Con Mine Property, Yellowknife, NWTVANCOUVER, BC / ACCESSWIRE / June 27, 2022 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce assay results of GTCM22-037 designed to test the Campbell Shear at a depth of 1,000 vertical metres. GTCM22-037 intersected the Campbell shear as planned with the main zone carrying of 1.60 g/t gold (Au) over 14.57 metres, including two gold zones of 1.97 g/t Au over 6.50 metres from 1,263.30 to 1,269.80 metres and 2.00 g/t Au over 4.50 metres from 1,256.08 to 1,260.58 metres.Hole GTCM22-037 encountered alteration, veining, and mineralization consistent with descriptions of typical Campbell Shear gold zones from historical production. It was drilled below historical holes Y-88 (13.72 g/t Au over 5.27 metres)* and above Y-86 and Y-96A (8.32 g/t Au over 4.45 metres and 18.11 g/t Au over 0.83 metres)* along the Campbell Shear structure. The past producing Con Mine Property is under option to purchase 100% by the Company from Newmont Canada FN Holdings ULC and Miramar Northern Mining Ltd., both wholly owned subsidiaries of Newmont Corporation (see November 22, 2021 press release). *Note: these intersections are historical in nature and have not been verified by Gold Terra. Hole location, downhole survey, assay and lithologic data was obtained from the Con Mine database, and therefore is assumed by Gold Terra to be reasonably valid.Chairman and CEO, Gerald Panneton, commented, \"Our drilling program is getting positive results on the Campbell shear at depth, and confirming gold mineralization in the area of historical holes Y-88 and Y-86. At the past producing Con Mine (5.0 Moz @ 15 g/t Au), it was typical to go from low-grade gold (approx. 1-3 g/t Au) to high--grade in the span of 10 metres. For example, we have observed visible gold, and the Campbell shear is present and well altered and mineralized, south of the Pud fault. Our 2022 program will continue to test this area using hole 37 to set up wedges on 50-metre spacing. For the second half of 2022, we are well-financed to continue with the deep drilling program and updating our current mineral resource to include the high-grade Yellorex Zone for ...