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Gold Terra Resource Corp. has concluded a C$5.6 million bought deal financing, issuing three types of shares: 8,912,500 charitable flow-through shares at C$0.30, 8,046,700 traditional flow-through shares at C$0.24, and 4,761,966 common shares at C$0.21. The funds will support Canadian exploration expenses and general corporate purposes. Directors and officers participated, acquiring 700,000 common shares and 200,000 traditional flow-through shares. The offering was conducted without the formal approval of minority shareholders, as it fell below the 25% threshold of the company's market cap.
Gold Terra Resource Corp. has initiated its 2022 drilling program on January 20, targeting the Campbell Shear south of the Con Mine Property. The drilling aims to explore the down dip extension of the Yellorex Zone, where previous assays reported high-grade intersections, including 19.74g/t Au over 5.44 metres. The program plans to drill approximately 20,000 metres in the first half of 2022, aiming to enhance the current resource estimate of 1.2 million inferred ounces of gold and advance toward an economic study.
Gold Terra Resource Corp. (OTC Pink: TRXXF) has announced the granting of stock options to purchase 993,750 shares at $0.26 each, vesting in installments over two years. The company recently completed a drilling program on the Campbell Shear, yielding positive results, with plans to drill an additional 40,000 meters starting January 2022. Gold Terra aims to explore the high-grade gold potential of the Con Mine area, having secured an option to purchase it. Their current cash position stands at C$ 2.6 million.
Gold Terra Resource Corp. (OTCQX: TRXXF) has upgraded to the OTCQX Best Market from the OTCQB Venture Market, effective September 1, 2020. This milestone reflects the company's focus on expanding its investor base in the U.S. and enhancing visibility following recent exploration successes at its Yellowknife City Gold project. The YCG project covers 790 sq. km in the Northwest Territories, near vital infrastructure, and is positioned within a high-grade gold mining district. Investors can access financial disclosures and real-time quotes on OTC Markets.
Gold Terra Resource Corp. (OTC PINK: TRXXF) has launched a 10,000 metre drilling program at its Yellowknife City Gold project in the Northwest Territories. The program targets high-grade gold deposits, particularly the Crestaurum deposit, with initial drilling covering a 1 km strike length. The company is well-funded, having recently raised $7.1 million.
Additionally, Gold Terra received an $86,000 MIP grant for further exploration. The current NI 43-101 inferred mineral resource estimate stands at 735,000 ounces of gold, averaging 1.79 g/t Au.
Gold Terra Resource Corp. has granted incentive stock options for a total of 1,125,000 shares at an exercise price of $0.435 each, valid for five years. This offer extends to a new director, employees, and consultants, in accordance with TSX Venture Exchange policies. Gold Terra’s Yellowknife City Gold project, covering 790 sq. km, is situated near vital infrastructure and has identified significant gold mineralization zones, aiming to reaffirm Yellowknife as a top Canadian gold mining hub.
Gold Terra Resource Corp. has appointed Hellen Siwanowicz as a director, increasing the board to seven members, including four independent directors. Siwanowicz brings over 25 years of legal experience, primarily in securities law, advising public companies on corporate finance, mergers, and compliance. Executive Chairman Gerald Panneton welcomed her expertise, emphasizing its importance in advancing the Yellowknife City Gold Project. This project spans 790 sq. km near Yellowknife, known for high-grade gold, and aims to establish the area as a leading gold mining district in Canada.
