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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. 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.