Gold Terra Wedge Drilling Progressing Well at High-Grade Gold target, Campbell Shear, Con Mine Option Property, NWT
Gold Terra Resource Corp. (OTCQB:YGTFF) reports progress on its 2025 control drilling at the Con Mine Option Property. The first steel wedge hole GTCM25-056A, targeting the Campbell Shear, has reached 2,162 metres depth and is expected to intersect at approximately 2,600 metres downhole.
The drilling program aims to test for high-grade gold below the historic Con Mine workings, which previously produced 5.1 Moz @ 16 g/t. The target is located approximately 600 metres below the Robertson shaft depth, with potential for multi-million ounces based on historical production rates of 1 Moz per 200 metres vertical.
Previous drilling intersected 12.63 g/t Au over 1.7m in hole GTCM23-055, demonstrating the Campbell Shear's potential at depth. The current program utilizes IMDEX's DeviDrill cutting tool to achieve optimal drilling angles, successfully flattening from 82 degrees to 66.5 degrees.
Gold Terra Resource Corp. (OTCQB:YGTFF) riporta progressi nel suo programma di perforazione di controllo per il 2025 presso la Con Mine Option Property. Il primo foro a cuneo in acciaio GTCM25-056A, che punta al Campbell Shear, ha raggiunto una profondità di 2.162 metri e si prevede che intersechi a circa 2.600 metri di profondità.
Il programma di perforazione mira a testare la presenza di oro ad alta legge sotto i lavori storici della Con Mine, che in precedenza ha prodotto 5,1 Moz @ 16 g/t. L'obiettivo si trova a circa 600 metri sotto la profondità del pozzo Robertson, con un potenziale per multi-milioni di once basato su tassi di produzione storici di 1 Moz ogni 200 metri in verticale.
Le perforazioni precedenti hanno intersecato 12,63 g/t Au su 1,7m nel foro GTCM23-055, dimostrando il potenziale del Campbell Shear in profondità. Il programma attuale utilizza lo strumento di taglio DeviDrill di IMDEX per ottenere angoli di perforazione ottimali, riuscendo a ridurre l'angolo da 82 gradi a 66,5 gradi.
Gold Terra Resource Corp. (OTCQB:YGTFF) informa sobre el progreso en su perforación de control para 2025 en la Con Mine Option Property. El primer agujero en cuña de acero GTCM25-056A, que apunta al Campbell Shear, ha alcanzado una profundidad de 2,162 metros y se espera que interseque a aproximadamente 2,600 metros de profundidad.
El programa de perforación tiene como objetivo probar la presencia de oro de alta ley por debajo de los trabajos históricos de la Con Mine, que anteriormente produjo 5.1 Moz @ 16 g/t. El objetivo se encuentra a aproximadamente 600 metros por debajo de la profundidad del pozo Robertson, con potencial para multimillonadas de onzas basado en tasas de producción históricas de 1 Moz por cada 200 metros en vertical.
Las perforaciones anteriores intersectaron 12.63 g/t Au sobre 1.7m en el agujero GTCM23-055, demostrando el potencial del Campbell Shear en profundidad. El programa actual utiliza la herramienta de corte DeviDrill de IMDEX para lograr ángulos de perforación óptimos, aplanando con éxito de 82 grados a 66.5 grados.
Gold Terra Resource Corp. (OTCQB:YGTFF)는 Con Mine Option Property에서 2025년 제어 드릴링 진행 상황을 보고합니다. 첫 번째 강철 쐐기 구멍 GTCM25-056A는 Campbell Shear를 목표로 하며, 2,162미터 깊이에 도달했으며 약 2,600미터에서 교차할 것으로 예상됩니다.
드릴링 프로그램은 역사적인 Con Mine 작업 아래에서 고등급 금을 테스트하는 것을 목표로 하며, 이전에 5.1 Moz @ 16 g/t를 생산했습니다. 목표는 Robertson 샤프트 깊이에서 약 600미터 아래에 위치하고 있으며, 수직으로 200미터당 1 Moz의 역사적 생산 속도를 기반으로 수백만 온스의 잠재력이 있습니다.
이전 드릴링에서는 GTCM23-055 구멍에서 12.63 g/t Au를 1.7m 동안 교차하여 Campbell Shear의 깊이에서의 잠재력을 보여주었습니다. 현재 프로그램은 IMDEX의 DeviDrill 절단 도구를 사용하여 최적의 드릴링 각도를 달성하며, 성공적으로 82도에서 66.5도로 평탄화하고 있습니다.
Gold Terra Resource Corp. (OTCQB:YGTFF) fait état des progrès réalisés dans ses forages de contrôle pour 2025 sur la propriété Con Mine Option. Le premier trou en coin en acier GTCM25-056A, ciblant le Campbell Shear, a atteint une profondeur de 2 162 mètres et devrait croiser à environ 2 600 mètres de profondeur.
Le programme de forage vise à tester la présence d'or de haute teneur sous les travaux historiques de la Con Mine, qui ont précédemment produit 5,1 Moz @ 16 g/t. L'objectif est situé à environ 600 mètres sous la profondeur du puits Robertson, avec un potentiel de plusieurs millions d'onces basé sur des taux de production historiques de 1 Moz pour 200 mètres en vertical.
Les forages précédents ont intersecté 12,63 g/t Au sur 1,7m dans le trou GTCM23-055, démontrant le potentiel du Campbell Shear en profondeur. Le programme actuel utilise l'outil de coupe DeviDrill d'IMDEX pour atteindre des angles de forage optimaux, réussissant à aplanir de 82 degrés à 66,5 degrés.
Gold Terra Resource Corp. (OTCQB:YGTFF) berichtet über Fortschritte bei seinen Kontrollbohrungen für 2025 auf dem Con Mine Option Property. Das erste Stahlkeilloch GTCM25-056A, das auf die Campbell Shear abzielt, hat eine Tiefe von 2.162 Metern erreicht und wird voraussichtlich bei etwa 2.600 Metern im Bohrloch aufeinandertreffen.
Das Bohrprogramm zielt darauf ab, hochgradiges Gold unterhalb der historischen Con Mine Arbeiten zu testen, die zuvor 5,1 Moz @ 16 g/t produziert haben. Das Ziel liegt etwa 600 Meter unter der Tiefe des Robertson-Schachts, mit Potenzial für mehrere Millionen Unzen basierend auf historischen Produktionsraten von 1 Moz pro 200 Metern vertikal.
Frühere Bohrungen haben 12,63 g/t Au über 1,7m im Loch GTCM23-055 durchteuft und das Potenzial der Campbell Shear in der Tiefe gezeigt. Das aktuelle Programm verwendet das Schneidwerkzeug DeviDrill von IMDEX, um optimale Bohrwinkel zu erreichen, wobei es erfolgreich von 82 Grad auf 66,5 Grad abgeflacht wurde.
- Previous high-grade intersection of 12.63 g/t Au over 1.7m
- Historic production of 5.1 Moz at 16 g/t Au
- Existing resource: 109,000 Indicated oz + 432,000 Inferred oz
- Property is 100% acquirable from Newmont subsidiary
- Drilling results pending - no confirmed mineralization yet
- Deep drilling required (>2,500m) increasing costs and technical challenges
VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company") is pleased to report that the 2025 control drilling is progressing well on the Con Mine Option (CMO) Property. The first steel wedge hole GTCM25-056A, designed to target the prolific Campbell Shear (CS) from master hole GTCM24-056, was set at 1,950 metres downhole and has now reached approximately 2,162 metres depth in mafic volcanics. It is anticipated to intersect the CS at approximately 2,600 metres downhole and approximately 600 metres below the underground mine workings.
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 CMO Property is under option from a subsidiary of Newmont Corporation and is
Chairman and CEO, Gerald Panneton, commented, "The wedge drilling is progressing well utilizing a very efficient and cost-effective way to assess the CS at depth. The objective of our first wedge hole is to intersect the CS and extend the high-grade gold potential at a vertical depth of 2,500-2,600 metres below surface, or approximately 600 metres below the current depth of the Robertson Shaft. Once we complete the first wedge, we will step up laterally 30-50 metres on each side of the first intersection. This target below the Robertson shaft has the potential for multi-million ounces as we are down plunge from a 5.1 Moz deposit @ 16 g/t Au mined historically at a rate of 1 Moz per 200 metres vertical on average."
Wedge Hole GTCM24-056A Highlights
Figure 1 below is a cross-section showing the master hole GTCM24-056 from which wedge hole GTCM25-056A has been set up to target the CS at depth. The CS was initially intersected at depth in hole GTCM23-055, which intersected 12.63 g/t Au over 1.7m 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.
IMDEX of Sudbury, a contract directional drilling crew, is currently utilizing the DeviDrill cutting tool to deviate the hole with the purpose of flattening the dip to intersect the CS as shown in Figure 1 below. After setting up a steel wedge down the hole at a depth of 1,950 metres, the tool was used to orientate the hole from 2,005 to 2,081 metres, successfully achieving a flattening from 82 degrees down to 69 degrees. Drilling was then performed from 2,081 to 2,132 metres without the tool. The second deviation, and possibly the last one, started on Monday February 24th at a depth of 2,132 metres. The hole is currently at 2,162 metres with a dip of 66.5 degrees, and when a 54 degrees dip is reached, the deviation tool will be stopped, and drilling will continue until the CS is intersected.
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.
Figure 1a - Cross section showing the CS gold potential window targeted by wedge hole GTCM25-056A.
Meet with Gold Terra at the PDAC 2025
Gold Terra is pleased to invite investors and shareholders to meet with management at the PDAC Conference, Investors Exchange Booth # 2304, March 2-5, 2025, South Building, Metro Toronto Convention Centre, Toronto. On Monday, March 3, 2025, at 3:00 PM EST, Chairman and CEO Gerald Panneton will be presenting at the PDAC 2024 Corporate Presentation Forum for Investors (CPFI) session located in the new Investment Hub theatre, in Hall E, on the Investors Exchange show floor, 800 level.
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 are the latest drilling results from Gold Terra's YGTFF Campbell Shear project?
How much gold was historically produced from the Campbell Shear at Con Mine?
What was Gold Terra's (YGTFF) most recent gold intersection at the Campbell Shear?
What is the current mineral resource estimate for Gold Terra's YGTFF Campbell Shear project?
