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Gold Terra Resource Corp. (YGTFF) is a Vancouver-based company focused on exploration and development of high-grade gold properties, with a primary focus on the Campbell Shear structure located in the Yellowknife Project (YP) in the Northwest Territories. The company controls a significant land package covering one of Canada's major high-grade gold camps. Through strategic acquisitions, Gold Terra aims to expand its resource base and establish Yellowknife as a premier gold mining district. Recent drilling activities have shown promising results, with the potential to add substantial ounces to the existing resource estimate.
Gold Terra Resource Corp announces closing of a non-brokered private placement raising C$572,500 through the sale of 11,450,000 common shares at C$0.05 per share. An insider participated with 2,000,000 shares. A 6% finder's fee of C$15,600 was paid. The proceeds will fund exploration drilling at the Con Mine Option property and Campbell shear target area. The company also engaged Trunice Capital for investor relations services for C$23,000 monthly from October 2024 to April 2025, granting them 600,000 stock options at C$0.10.
Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) has announced a Town Hall Meeting on October 1st, 2024, at 7:00pm MDT at the Yellowknife Historical Society Museum in Yellowknife, NWT. Gerald Panneton, Chairman & CEO, will provide updates on the company's 2024 activities and future plans. The meeting aims to engage with local stakeholders and discuss ongoing exploration plans and potential economic benefits for Yellowknife and the Northwest Territories.
Gold Terra's land holdings cover a 70-kilometre strike length of the Campbell Shear, including the Con Mine Option Property. The former Con Mine produced over 6.1 Moz of gold, averaging 16 to 20 g/t Au. The company emphasizes its commitment to sustainable and responsible mining opportunities that benefit local communities.
Gold Terra Resource Corp. (TSX-V:YGT, OTCQX:YGTFF) has extended its option agreement with Newmont subsidiaries to six years, allowing the company to purchase 100% of the past-producing Con Mine in Yellowknife, NWT. The extension provides Gold Terra more time to complete its evaluation before exercising the option. Key highlights include:
- Commitment to incur C$8 million in exploration expenditures over six years
- Requirement to complete a Pre-Feasibility Study with a minimum of 1.5 Moz resource
- Final cash payment of C$8 million upon closing
- Newmont retains a 2% NSR and a two-year back-in right for 51% interest
The agreement covers the Con Mine Property, which historically produced 6.1 Moz of gold at 16-20 g/t. Gold Terra's current drilling program aims to expand its initial Mineral Resource Estimate of 109,000 Indicated ounces and 432,000 Inferred ounces.
Gold Terra Resource Corp (TSX-V:YGT, OTCQB:YGTFF) has completed its master deep hole GTCM24-056 at 3,002 meters on the Con Mine Option Property in Northwest Territories. The company plans to use this hole for a Phase 2 deep drilling program targeting the prolific Campbell Shear (CS), which historically produced 5.1 Moz at 16 g/t gold.
The drilling strategy involves branching off wedge holes from the master hole to evaluate the CS 600-700 meters below the current Robertson shaft depth. This approach offers substantial benefits compared to drilling from the surface. The program aims to add high-grade ounces to the company's next Mineral Resource Estimate (MRE).
The initial plan includes 5-7 wedge holes totaling approximately 3,000 meters. The first wedge is planned to start at 2000-2100 meters downhole, targeting the CS at -2700 meters, 800 meters below the Robertson shaft.
Gold Terra Resource Corp. (YGTFF) announced the results of its 2024 Annual General and Special Meeting held on June 6, 2024. Shareholders approved all proposed matters, including the election of board members and the reappointment of auditors. Additionally, the company provided an update on its deep drilling activities at the Con Mine Option Property. The drill hole GTCM24-056 is progressing well at a depth of 2,526 meters, targeting high-grade gold mineralization. The current drilling program aims to increase the Indicated and Inferred resource near the surface and south of the Con Mine.
Gold Terra Resource Corp. announced positive progress on its drill hole GTCM24-056 at the Con Mine Option Property, targeting the Campbell Shear, with a current depth of 2,265 meters. The drilling is scheduled to intersect the Campbell Shear at approximately 2,600 meters, revealing potential high-grade gold mineralization. The latest assay results show gold grades up to 13.90 g/t over 0.60 meters in the hanging granite wall and 0.6 g/t Au over 0.6 meters in the Con Shear. The deep drill aims to verify the continuity of gold-rich zones beyond past mining operations.
Gold Terra plans to use this master hole for subsequent wedge holes to cost-effectively test the extension of the Campbell Shear. The project aims to expand the September 2022 Mineral Resource Estimate of 109,000 indicated ounces and 432,000 inferred ounces of gold.
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