Gold Terra Drilling Successfully Intersects Campbell Shear Gold Target at a Vertical Depth of 2,560 Metres Below Surface, Con Mine Option Property, NWT
Gold Terra Resource Corp. (YGTFF) has successfully intersected the Campbell Shear (CS) in their first wedge hole GTCM25-056A at the Con Mine Option Property. The intersection occurred between 2,665 to 2,707 metres downhole, reaching a vertical depth of 2,560 metres below surface.
The best visual mineralization was concentrated between 2,689.30 and 2,707 metres downhole, with samples sent to the lab for pending assays. The drilling program continues with a lateral wedge hole GTCM25-056B, 100 metres north at the same target elevation.
Notably, the company has satisfied the requirement to incur C$8,000,000 in Qualifying Expenditures for exploration work on the Con Mine Option property. The current drilling program aims to expand the September 2022 initial Mineral Resource Estimate of 109,000 Indicated ounces and 432,000 Inferred ounces of contained gold.
Gold Terra Resource Corp. (YGTFF) ha intercettato con successo la faglia Campbell Shear (CS) nel loro primo foro a cuneo GTCM25-056A nella proprietà Con Mine Option. L'intersezione è avvenuta tra 2.665 e 2.707 metri di profondità nel foro, raggiungendo una profondità verticale di 2.560 metri sotto la superficie.
La mineralizzazione visiva migliore si è concentrata tra 2.689,30 e 2.707 metri di profondità nel foro, con campioni inviati al laboratorio per analisi in corso. Il programma di perforazione prosegue con un foro laterale a cuneo GTCM25-056B, a 100 metri a nord, alla stessa quota target.
È importante sottolineare che la società ha soddisfatto il requisito di sostenere spese qualificate per 8.000.000 di dollari canadesi per lavori di esplorazione nella proprietà Con Mine Option. L’attuale programma di perforazione mira ad espandere la stima iniziale delle risorse minerarie di settembre 2022, che conta 109.000 once indicate e 432.000 once inferite di oro contenuto.
Gold Terra Resource Corp. (YGTFF) ha logrado intersectar con éxito la falla Campbell Shear (CS) en su primer pozo en cuña GTCM25-056A en la propiedad Con Mine Option. La intersección ocurrió entre los 2,665 y 2,707 metros de profundidad en el pozo, alcanzando una profundidad vertical de 2,560 metros bajo la superficie.
La mejor mineralización visual se concentró entre los 2,689.30 y 2,707 metros de profundidad en el pozo, con muestras enviadas al laboratorio para análisis pendientes. El programa de perforación continúa con un pozo lateral en cuña GTCM25-056B, 100 metros al norte, a la misma elevación objetivo.
Es importante destacar que la empresa ha cumplido con el requisito de incurrir en gastos calificados por C$8,000,000 para trabajos de exploración en la propiedad Con Mine Option. El programa de perforación actual tiene como objetivo ampliar la estimación inicial de recursos minerales de septiembre de 2022, que incluye 109,000 onzas indicadas y 432,000 onzas inferidas de oro contenido.
Gold Terra Resource Corp. (YGTFF)는 Con Mine Option 부지에서 첫 쐐기 구멍 GTCM25-056A를 통해 Campbell Shear(CS)를 성공적으로 관통했습니다. 교차 지점은 구멍 깊이 2,665미터에서 2,707미터 사이이며, 지표면 아래 수직 깊이는 2,560미터에 달합니다.
가장 뛰어난 육안 광물화는 구멍 깊이 2,689.30미터에서 2,707미터 사이에 집중되어 있으며, 샘플은 분석을 위해 실험실로 보내졌습니다. 시추 프로그램은 같은 목표 고도에서 북쪽으로 100미터 떨어진 측면 쐐기 구멍 GTCM25-056B로 계속됩니다.
특히, 회사는 Con Mine Option 부지 탐사를 위해 8,000,000 캐나다 달러의 자격 지출 요건을 충족했습니다. 현재 시추 프로그램은 2022년 9월 최초 광물 자원 추정치인 109,000 온스의 지시 자원과 432,000 온스의 추정 자원 금 함량을 확대하는 것을 목표로 합니다.
Gold Terra Resource Corp. (YGTFF) a réussi à intersecter le Campbell Shear (CS) dans leur premier forage en coin GTCM25-056A sur la propriété Con Mine Option. L'intersection s'est produite entre 2 665 et 2 707 mètres de profondeur, atteignant une profondeur verticale de 2 560 mètres sous la surface.
La meilleure minéralisation visuelle était concentrée entre 2 689,30 et 2 707 mètres de profondeur, avec des échantillons envoyés au laboratoire pour analyses en attente. Le programme de forage se poursuit avec un forage latéral en coin GTCM25-056B, à 100 mètres au nord, à la même élévation cible.
Il est à noter que la société a satisfait à l'exigence d'engager 8 000 000 $ CA en dépenses admissibles pour les travaux d'exploration sur la propriété Con Mine Option. Le programme de forage actuel vise à étendre l'estimation initiale des ressources minérales de septembre 2022, qui comprend 109 000 onces indiquées et 432 000 onces inférées d'or contenu.
Gold Terra Resource Corp. (YGTFF) hat erfolgreich den Campbell Shear (CS) in ihrem ersten Keilloch GTCM25-056A auf dem Con Mine Option Grundstück durchteuft. Der Durchschlag erfolgte zwischen 2.665 und 2.707 Metern Bohrtiefe und erreichte eine vertikale Tiefe von 2.560 Metern unter der Oberfläche.
Die beste sichtbare Mineralisierung konzentrierte sich zwischen 2.689,30 und 2.707 Metern Bohrtiefe, wobei Proben zur ausstehenden Analyse ins Labor geschickt wurden. Das Bohrprogramm wird mit einem lateralen Keilloch GTCM25-056B, 100 Meter nördlich auf gleicher Zielhöhe, fortgesetzt.
Bemerkenswert ist, dass das Unternehmen die Voraussetzung erfüllt hat, qualifizierte Ausgaben von 8.000.000 kanadischen Dollar für Explorationsarbeiten auf dem Con Mine Option Grundstück zu tätigen. Das aktuelle Bohrprogramm zielt darauf ab, die im September 2022 erstellte erste Mineralressourcenschätzung von 109.000 angezeigten Unzen und 432.000 abgeleiteten Unzen enthaltenen Goldes zu erweitern.
- Successful intersection of Campbell Shear target at significant depth
- Completion of C$8,000,000 qualifying expenditure requirement
- Drilling location near historically productive zone (5.1 Moz @ 16 g/t Au)
- Visible mineralization with up to 2% pyrite and 1% pyrrhotite
- Assay results still pending for core samples
- Additional drilling required to confirm economic potential
VANCOUVER, BC / ACCESS Newswire / April 25, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to report that the first wedge hole GTCM25-056A, has intersected the Campbell Shear (CS) from approximately 2,665 to 2,707 metres downhole (vertical depth of 2,560 metres below surface), with the best visual mineralization concentrated between 2,689.30 and 2,707 metres downhole (as shown in photos 1 and 2 further below) on the Con Mine Option Property (CMO). Wedge hole GTCM25-056A was stopped at 2,837 metres downhole in volcanic rocks. Core samples have been sent to the lab and assays are pending. The program is continuing with a lateral wedge hole (GTCM25-056B)100 metres north at the same target elevation.
In other news, the Company received an acknowledgement notice from Newmont Canada FN Holdings ULC that the Company has satisfied the requirement to incur an aggregate amount of C
Chairman and CEO, Gerald Panneton, commented, "We are very excited to have intersected the CS around 2,665 metres downhole or approximately 600 metres below the current depth of the historic Robertson Shaft. This intersection proves our model which show the high potential for the CS continuation at depth down plunge from a 5.1 Moz deposit @ 16 g/t Au which was mined historically at a rate of approximately 1 Moz per 200 metres vertical on average.
The objective of the 2025 wedge hole drilling program is to continue testing for high-grade gold in the CS ( past production of 5.1 Moz @ 16 g/t, refer to the Oct. 21, 2022 Technical Report) on the Con Mine below the historic Con Mine underground workings. The Con Mine Option (CMO) property is under option from a subsidiary of Newmont Corporation and is
Wedge Hole GTCM24-056A Highlights
The CS zone starts at around 2,665 metres downhole, signified by an intensifying zone of crackle-style calcite brecciation and veining. From 2,681.20 metres downhole, shearing is more intense including some intervals with more veining, such as from 2,689.30 to 2,697.70 metres downhole, and containing laminated smoky quartz veins with up to
Between 2,697.70 and 2,707 metres downhole, veining transitions to more crackle-style calcite with minor pyrite and pyrrhotite. Deformed pyrite grains aligned with shear fabric suggest continued but diminishing deformation. A final chlorite-biotite altered pulse with trace arsenopyrite and pyrrhotite is noted at 2,706.80 metres downhole.
Beyond 2,707 metres downhole and to the end of the hole, shearing is absent and chloritic alteration and calcite crackle and breccia textures occur. This material may represent the footwall which is noted to continue substantially beyond the main shear zone or an internal block or "horse" within the shear system, as referenced in historical Con Mine documentation
Figure 1 below is a cross-section showing the master hole GTCM24-056 and wedge hole GTCM25-056A intersecting the CS at 2,665 metres downhole. The CS was initially intersected at depth in hole GTCM23-055, which intersected 12.63 g/t Au over 1.7m (refer to November 15, 2023 news release) in the CS structure approximately 150 metres below the Con Mine workings, demonstrating the potential of the CS is well open at depth. Figure 1a, further below shows wedge hole GTCM24-056A in greater detail.
Figure 1 - Cross section showing master hole GTCM24-056, the hanging granite wall zone, the Con Shear, and the gold potential window of the CS targeted by wedge hole GTCM25-056A (see also November 15, 2023 news release).
Figure 1a - Cross section showing the CS gold potential window targeted by wedge hole GTCM25-056A.
The mineralization in drillhole GTCM25-056A is concentrated between 2,689.30 and 2,706.95 metres downhole and shown in photos 1 and 2 below:
Photo 1: GTCM25-056A at 2706.80 to 2706.95 metres downhole showing chlorite-biotite altered rock with quartz-carbonate veining and fine-grained arsenopyrite and pyrite
Photo 2: GTCM25-056A at 2695.33 metres downhole showing blocky arsenopyrite along vein margins
The 2025 deep drilling program aims to expand the September 2022 initial Mineral Resource Estimate ("MRE") (see September 7, 2022, press release) of 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and 400 metres below surface along a 2-kilometre corridor of the Campbell Shear ( October 21, 2022 MRE titled " Initial Mineral Resource Estimate for the CMO Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada " by Qualified Person, Allan Armitage, Ph. D., P. Geo., SGS Geological Services, which can be found on the Company's website at https://www.goldterracorp.com and on SEDAR at www.sedar.com.
The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and Senior Technical Advisor for the Company.
About Gold Terra
The Yellowknife Project (YP) encompasses 918 sq. km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade gold camps in Canada. Being within 10 kilometres of the City of Yellowknife, the YP is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power, and skilled tradespeople. Gold Terra is currently focusing its drilling on the prolific Campbell Shear, where approximately 14 Moz of gold has been produced, (refer to Gold Terra Oct 21, 2022, Technical Report) and most recently on the Con Mine Option (CMO) property claims immediately south of the past producing Con Mine which produced 6.1 Moz between the Con, Rycon, and Campbell shear structures (1938-2003).
The YP and CMO properties lie on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that hosts the former-producing high-grade Con and Giant gold mines. The Company's exploration programs have successfully identified significant zones of gold mineralization and multiple targets that remain to be tested which reinforces the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.
Visit our website at www.goldterracorp.com.
For more information, please contact:
Gerald Panneton, Chairman & CEO
gpanneton@goldterracorp.com
Mara Strazdins, Investor Relations
Phone: 1-778-897-1590 | 416-710-0646
strazdins@goldterracorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information Concerning Estimates of Mineral Resources
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Therefore, investors are cautioned not to assume that all or any part of an Inferred Mineral Resource could ever be mined economically. It cannot be assumed that all or any part of "Measured Mineral Resources," "Indicated Mineral Resources," or "Inferred Mineral Resources" will ever be upgraded to a higher category. The Mineral Resource estimates contained herein may be subject to legal, political, environmental or other risks that could materially affect the potential development of such mineral resources. Refer to the Technical Report, once filed, for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing.
Cautionary Note to United States Investors
The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to Mineral Resources in this news release are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended ("CIM Standards"). The U.S. Securities and Exchange Commission (the "SEC") has adopted amendments effective February 25, 2019 (the "SEC Modernization Rules") to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934. As a result of the adoption of the SEC Modernization Rules, the SEC will now recognize estimates of "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", which are defined in substantially similar terms to the corresponding CIM Standards. In addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" to be substantially similar to the corresponding CIM Standards.
U.S. investors are cautioned that while the foregoing terms are "substantially similar" to corresponding definitions under the CIM Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM Standards. Accordingly, there is no assurance any Mineral Resources that the Company may report as "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources" under NI 43-101 would be the same had the Company prepared the Mineral Resource estimates under the standards adopted under the SEC Modernization Rules. In accordance with Canadian securities laws, estimates of "Inferred Mineral Resources" cannot form the basis of feasibility or other economic studies, except in limited circumstances where permitted under NI 43-101.
Cautionary Note Regarding Forward-Looking Information
Certain statements made and information contained in this news release constitute "forward-looking information" within the meaning of applicable securities legislation (" forward-looking information "). Generally, this forward-looking information can, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof.
All statements other than statements of historical fact may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. In particular, this news release contains forward-looking information regarding the current drilling on the Campbell Shear, potentially adding ounces to the Company's current YCG mineral resource, and the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.
There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A and annual information form available under the Company's profile at www.sedar.com.
Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation and regulations applicable to the Company, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
SOURCE: Gold Terra Resource Corp
View the original press release on ACCESS Newswire
FAQ
What significant mineralization did Gold Terra (YGTFF) find in their recent drilling at Con Mine?
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