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New Mineralized Structure Drilled at Sam Otto South Delivers 25 Meters of 1.39 G/T Gold
VANCOUVER, BC / ACCESSWIRE / February 24, 2020 / Gold Terra Resources Corp (TSX-V: YGT; Frank...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"New Mineralized Structure Drilled at Sam Otto South Delivers 25 Meters of 1.39 G/T GoldVANCOUVER, BC / ACCESSWIRE / February 24, 2020 / Gold Terra Resources Corp (TSX-V: YGT; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to announce the results of 3 holes from the winter 2020 drill campaign at Sam Otto South. (Figure 1) This drilling is designed to expand mineralized zones identified in the November 2019 NI 43-101 mineral resource report. Highlights include 25 meters of 1.39 g/t gold (including 10.59 meters of 2.48 g/t gold) in hole TSO20-058. In addition, Hole TSO20-53 intersected the main zone with a higher-grade intersection of 2.0 meters of 6.24 g/t gold.Message from David Suda, President and CEO:\"There is early excitement within our technical team around the first batch of assays from Sam Otto. The identification of a new mineralized structure at Sam Otto South underlines the potential to add ounces to the current inferred resource (see attached level plan 40m asl or -150m below surface). We feel that we are at the beginning of a significant expansion of the Sam Otto Zone with these first results with 5 out of 6 remaining holes showing visible gold still pending assays.\"Gold Terra has drilled a further 14 holes, including 3 holes in the Connector Zone between Sam Otto Main and Sam Otto South, and 2 holes that extend the strike of the Sam Otto Main Zone south. Assay results for these holes are pending. The company is approximately halfway through the winter 2020 drilling program. (Figure 1)Technical Summary:Drill hole TS020-058 is situated 50 meters to the north of drill hole TS018-035 that intersected 27.16 meters of 2.16 g/t gold (News Release reported March 9, 2018) and has intersected a new hangingwall mineralized structure within the Sam Otto South zone that is within 50 meters of the previously identified mineralized structure that formed the basis of Gold Terra's exploration program at Sam Otto South (Figure 2). Only the top half of the hole has been reported but the lower half has encountered visible gold within the principle zone at Sam Otto South and screen metallic assaying is pending.Drill holes TS020-052 and TS020-053 were drilled 100 meters north and 50 meters below drill hole TS018-035 respectively. TS020-052 intersected multiple mineralized structures with best results in the new hanging wall zone of 5.0 mete...