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Gold Terra Intersects 3.61 g/t gold over 4.55 metres including 15.75 g/t over 0.75 meters in a New Discovery at the Con Shear, Yellowknife, NWT and has Four Rigs Drilling
VANCOUVER, BC / ACCESSWIRE / March 15, 2022 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Intersects 3.61 g/t gold over 4.55 metres including 15.75 g/t over 0.75 meters in a New Discovery at the Con Shear, Yellowknife, NWT and has Four Rigs DrillingVANCOUVER, BC / ACCESSWIRE / March 15, 2022 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce assay results of a near surface mineralized zone in drill hole GTCM22-029 which intersected 3.61g/t gold over 4.55 metres including 15.75 g/t over 0.75 metres at 30 metres vertical depth on the Con Mine Property (\"Con Mine Option\"). The Con property was recently optioned from Newmont Canada FN Holdings ULC and Miramar Northern Mining Ltd., both wholly owned subsidiaries of Newmont Corporation (see November 22, 2021 press release). Drill hole GTCM22-029 is still in progress and approaching its primary target on the Campbell Shear at 1000 vertical metres depth. Final drill holes results for holes GTCM21-023, 024, 025 and 026 are from testing the edge of the Yellorex deposit as part of the 2021 drilling program.In addition, Gold Terra is pleased to announce that the TSX Venture Exchange has accepted the filing of the option agreement (the \"Option Agreement\") to acquire Miramar Northern Mining Ltd., which includes 100% of all the assets, mineral leases, Crown mineral claims, and surface rights comprising the Con Mine, from Newmont Canada FN Holdings ULC, a wholly owned subsidiary of Newmont Corporation. The Company's future obligations under the Option Agreement are set forth in Gold Terra's news release dated November 22, 2021.Chairman and CEO, Gerald Panneton, commented, \"We are well-financed for our 2022 drill program and with four drills turning, our objective is to add high-grade ounces in 2022 to the current 1.2 Moz inferred resources (see March 31, 2021 Technical Report). Our primary target remains to test the continuity of the mineralized zones within the Campbell shear south of the former Con Mine. An additional target for winter drilling is at the Mispickel area on the new MP-Ryan zone located to the north of the main area where previous very good high-grade intersections were obtained in the past. This additional small winter program is well underway with each of the first 8 holes intersecting visible gold (see pictures on our website at https://goldterracorp.com and further in this ...