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Gold Terra Intersects 9.03 g/t over 5 metres at its High Grade Crestaurum Deposit, Yellowknife City Gold Project, Northwest Territories
VANCOUVER, BC / ACCESSWIRE / January 13, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Intersects 9.03 g/t over 5 metres at its High Grade Crestaurum Deposit, Yellowknife City Gold Project, Northwest TerritoriesVANCOUVER, BC / ACCESSWIRE / January 13, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") announces assays for 9 holes at the high grade Crestaurum gold deposit on its 100% wholly-owned Yellowknife City Gold (\"YCG\") project near the City of Yellowknife, NWT (Link to Plan View). The Crestaurum gold deposit is an advanced exploration target located within the same large mineralized system suite as the past producing Con and Giant mines which have produced a total of 14 million ounces of gold. (Figure 1)Figure 1 - Crestaurum Deposit and Con ShearThe 9 holes totaling 1062 metres tested the main Crestaurum shear structure at shallow depths across 900 metres of strike length, and also tested high-grade secondary shears and splays in the hanging wall and footwall of the main shear.The Crestaurum gold deposit 3D model can be viewed at https://vrify.com/decks/crestaurum-january-13-pr.President and CEO David Suda stated, \"The Crestaurum deposit is likely an extension of the Con Shear Zone which produced approximately 1 M oz of gold at the past producing Con Mine. 2020 drilling at the Crestaurum deposit identified multiple vein systems from near surface to approximately 250m below surface. With these results, we are confident that the Crestaurum could potentially be host to a substantial open pit scenario in the future. In 2021, we will continue to focus on expanding our YCG resource and resume drilling on our highest priority target, the Campbell Shear, immediately south of the past producing Con mine (5 million ounces). Both the Campbell Shear and the Con Shear stratigraphy are exceptional due to the high-grade nature of their past producing gold deposits.\"Drilling HighlightsHole GTCR20-104 intersected 9.03 g/t Au over 5 metres including 23.7 g/t Au over 1.0 meter within a mineralized shear zone containing quartz veins with visible gold. The hole is located approximately 40 metres up dip and 25 metres to the south from GTCR20-103 which intersected 9.60 g/t over 4.0m (NR December 9, 2020). In addition, hole GTCR20-105 intersected 5.84 g/t Au over 2 metres approximately 75 metres up dip of GTCR20-104.Three holes were drilled in an area around the expl...