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Gold Terra Intersects 5.77 g/t of Gold Over 12.35 Metres (Including 14.09 g/t Over 4.65 Metres) Extending Gold Mineralization in the Campbell Shear, Newmont Option, Yellowknife, NWT
VANCOUVER, BC / ACCESSWIRE / April 6, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OT...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Intersects 5.77 g/t of Gold Over 12.35 Metres (Including 14.09 g/t Over 4.65 Metres) Extending Gold Mineralization in the Campbell Shear, Newmont Option, Yellowknife, NWTVANCOUVER, BC / ACCESSWIRE / April 6, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce assays for an additional 3 holes drilled on the Company's initial winter drilling program at the Company's optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (the \"Newmont Option\") adjacent to its Yellowknife City Gold Project (\"YCG\"), NWT.The Phase 1 drilling program is testing over 1.2 kilometres of the immediate southern extension of the Campbell Shear, which produced approximately 5 of the 6 million ounces of gold produced at the former Con Mine (1938-2002). The latest drill results extend gold mineralization at the Yellorex zone of the Campbell Shear structure (see Figure 2), which is located immediately south of the former Con Mine.President and CEO David Suda stated, \"We are very pleased with the continued success of the drilling results on the Newmont Option ground. Drill results from the Yellorex zone demonstrate good continuity and the extension of the gold mineralization from historical holes, which may potentially add ounces to a future resource calculation. The latest results add confidence to our program to outline high-grade gold mineralization. With our recent financing completed in early March, we are planning to drill more than 20,000 metres this year along the prolific Campbell shear target which remains open at depth and along strike to the south.\"Drilling HighlightsThe Company has completed an additional 3 holes totaling 1,900.51 metres of the current winter 2021 drilling program. Holes GTCM21-004 and 006 were drilled south of the Yellorex deposit and hole GTCM21-005 was drilled 100 metres underneath hole GTCM21-003 (which returned 10.85g/t Au over 4.35 metres on Yellorex deposit, see March 23, 2021 News Release). The hole locations are shown in Figure 1 and 2.Hole GTCM21-005 intersected 5.77 g/t Au over 12.35 metres including 14.09 g/t Au over 4.65 metres within the Campbell Shear structure at Yellorex deposit at a vertical depth of 275 metres below surface and 100 metres downdip from hole GTCM21-003. This high-grade gold-bearing z...