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Gold Terra Intersects 6.41/t Gold over 26.50 metres Including 14.15 g/t over 5.50 meters on Yellorex Zone, Yellowknife, NWT as Drilling Continues on Con Mine Property
VANCOUVER, BC / ACCESSWIRE / April 6, 2022 / Gold Terra Resource Corp. (TSXV:YGT); (FSE:TX0);...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Intersects 6.41/t Gold over 26.50 metres Including 14.15 g/t over 5.50 meters on Yellorex Zone, Yellowknife, NWT as Drilling Continues on Con Mine PropertyVANCOUVER, BC / ACCESSWIRE / April 6, 2022 / Gold Terra Resource Corp. (TSXV:YGT); (FSE:TX0); (OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce assay results for three (3) holes to test the Yellorex zone. Drill hole GTCM22-030 intersected 6.41/t gold over 26.50 metres including 9.05 g/t over 4.00 metres and including 10.66 g/t gold over 3.0 metres and including 14.15 g/t gold over 5.50 metres. The hole was drilled along strike on the Campbell Shear for metallurgical testing required for the Company's upcoming updated resource estimate on the project. The Yellorex zone is situated on the Con Mine Property 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). Holes GTCM22-027 and GTCM22-028 were drilled to test the Yellorex zone at depth of 400m below surface with GTCM22-028 intersecting 6.21g/t gold over 1.5 metres and GTCM22-027 intersecting 2.43 g/t gold over 1.0 metre.Chairman and CEO, Gerald Panneton, commented, \"The latest drilling on the Yellorex zone was completed in preparation for our updated mineral resource estimate by year-end as the core from Hole 30 will be used for metallurgical testing. Our updated mineral resource estimate is expected to add ounces from the Yellorex zone.\"The location of holes GTCM21-027,28 and 30 is shown in the following Figure 1:Figure 1: Location of holes GTCM22-027, 28 and 30.Drilling ResultsHole GTCM22-030 was drilled as an ‘off-angle' hole obliquely to the strike of the Campbell Shear to confirm the interpreted geometry of the Yellorex deposit's strike and plunge. The interpreted zone orientation was confirmed, and three high-grade lenses were intersected consisting of smoky quartz veins with arsenopyrite and pyrite with minor sphalerite and stibnite. The sericite alteration halo surrounding the high-grade lenses is intensive and extends from 237 to 587 metres along the hole. The recognition of an extensive alteration halo signature extending for more than 200 metres along strike around a high-grade mineralized zone is significant for the future exploration of the Campbe...