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Gold Terra Resumes Drilling on Newmont Option Claims South of the 5 Moz. Past-producing Con Mine, Yellowknife City Gold Project, NWT
VANCOUVER, BC / ACCESSWIRE / January 25, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Resumes Drilling on Newmont Option Claims South of the 5 Moz. Past-producing Con Mine, Yellowknife City Gold Project, NWTVANCOUVER, BC / ACCESSWIRE / January 25, 2021 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce the restart of drilling to test the Campbell Shear as the Company has received the amended Land Use Permit (LUP) that allows drilling on the Company's recently optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (the \"Newmont Option\") adjacent to its 100% owned Yellowknife City Gold Project (\"YCG\"), NWT. The Newmont Option hosts the immediate southern extension of the Campbell Shear, where approximately 5 million ounces of gold was produced from the Con Mine between 1946 and 2005 at a grade of 15 g/t, and over widths of up to 100 metres.President and CEO David Suda stated, \"The current drilling on the Newmont Option is one of our highest priority areas to potentially add high-grade ounces to our current YCG mineral resource. To the south of the Con Mine, the Campbell Shear structure extends over a minimum of 20 kilometres and has been largely underexplored with very limited exploration since 1961. The Campbell Shear is the largest district scale structure in the Yellowknife camp, and the high-grade nature of the gold produced from this zone makes it the most compelling target of our land package.\" Drilling Program Highlights Figure 1 - Campbell Shear 2021 Drilling ProgramIn November 2020, the Company started a 12,000 metre drilling program to test the Campbell Shear Zone extension south of the Con Mine.During November-December, two holes were drilled for a combined total of 1,472 metres from Gold Terra's 100% owned YCG property with holes extending onto the Newmont Option area (assay results pending).The Company received the amended LUP on January 11th, which allows Gold Terra to drill on the Newmont Option area.Drilling began on January 18th with 6 holes totaling approximately 3,800 metres below existing known mineral resources at -300 metres vertical depth.Based on the results of the first pass, a further 6,000 metres of drilling is planned at greater depth.Campbell Shear StructureFigure 2 - Campbell ShearAt the former Con Mine, the Campbell Shear hosted approximately 5 of the 6 million ounces of ...