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Gold Terra Intersects 5.3 g/t Gold over 6.43 Metres on Yellorex North Zone, Con Mine Option Property
VANCOUVER, BC / ACCESSWIRE / March 3, 2023 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Intersects 5.3 g/t Gold over 6.43 Metres on Yellorex North Zone, Con Mine Option PropertyVANCOUVER, BC / ACCESSWIRE / March 3, 2023 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce the first assay result from its winter drilling program on the Con Mine Option (\"CMO\") Property in Yellowknife, NWT. Drill hole GTCM23-042, the first hole of the program, intersected 5.3 g/t Au over 6.43 metres. The drilling program is designed to expand the Yellorex North gold zone between surface and 300 metres below surface (see February 24, 2023 press release). The CMO property is under option from subsidiaries of Newmont Corporation and is acquirable by the Company upon fulfillment of certain conditions set out in the CMO agreement, as reported in the Company's news release dated November 22, 2021. To date, the winter drilling program has completed ten (10) holes for a total of approximately 4,000 metres, of which eight (8) holes were on Yellorex North.Yellorex North Zone drill core from hole GTCM23-042 will be on display at the Gold Terra Booth #2304, The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Sunday, March 5 to Wednesday, March 8, 2023. Please join us at our booth to speak with management about the drilling program, future objectives and to see the core.Chairman and CEO, Gerald Panneton, commented, \"The Hole GTCM23-042 initial assay result is very encouraging as the intersection is 150 metres below surface, and fulfills our objective to expand the current near surface mineral resources on the CMO. We look forward to additional results as all eight holes have hit the targeted Campbell Shear and show significant intersections of visible multi-meter veining and sulphide mineralization. The Campbell Shear structure is our highest priority target as the Con Mine produced historically more than 5 million ounces of high-grade gold (16 g/t Au).\"Hole GTCM23-042 HighlightsGTCM23-042 intersected 5.3 g/t Au over 6.43 metres and was designed to verify and add depth extension to historical high-grade mineralization encountered in the Yellorex North zone of the Campbell Shear, as shown in Figure 1 below. The Campbell Shear was intersected at approximately 150 metres below ground level.The ma...