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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. (YGTFF) has announced its initial Mineral Resource Estimate (MRE) for the Con Mine property, revealing an underground resource of 109,000 ounces in the Indicated category and 432,000 ounces in the Inferred category. This MRE is crucial for satisfying the option agreement with Newmont Corporation. The Con Mine has a rich history, having produced over 5 million ounces of gold. Gold Terra aims to continue drilling to expand this resource, having invested approximately $6.2 million to date for a cost of $12 per ounce.
Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) announced promising results from metallurgical tests on the Yellorex zone, achieving a total gold recovery of 92.1% from high-grade samples. Flotation concentrate assays reported up to 98.8% gold recovery, indicating strong mineralization. The tests present two product paths: producing a saleable concentrate or gold on-site via the POX process. The company aims to achieve 1.5 million ounces of gold in mineral resources, with additional drilling planned. Additionally, the retirement of co-founder Stuart Rogers was announced.
Gold Terra Resource Corp. announced significant drilling results from the Mispickel area, revealing two new high-grade gold zones. The 2022 program, covering 6,011 metres across 19 drill holes, reported a notable intersection of 9.36 g/t Au over 3 metres from hole GTWL22-004. Further highlights include intervals over 5.17 g/t Au over 3 metres. The company plans additional drilling next winter to further explore these discoveries, with potential for expanded mineralization.
Gold Terra Resource Corp. has commenced its summer drilling program while announcing assay results from its winter drilling on the Campbell Shear. Significant gold mineralization was found, including 8.00 g/t Au over 11.00 m at Yellorex and 3.61 g/t Au over 4.55 m at the Con Shear. CEO Gerald Panneton highlighted the potential for additional gold ounces on the Con Option Property. The summer program includes continued drilling with 50-metre spacing, focusing on the Y-88 Zone and further exploration of mineralized trends.
Gold Terra Resource Corp (YGTFF) has announced significant assay results from its drilling program at the Campbell Shear, intersecting 1.60 g/t gold over 14.57 metres in hole GTCM22-037. This includes gold zones of 1.97 g/t over 6.50 metres and 2.00 g/t over 4.50 metres. The drilling program aims to confirm gold mineralization and enhance the current 1.2 million inferred ounces of gold resources. The company has completed approximately 14,402 metres of drilling in 2022 and received $132,000 funding from the Government of the Northwest Territories.
Gold Terra Resource Corp. (YGTFF) held its Annual General and Special Meeting on June 7, 2022, in Vancouver, BC, where all shareholder proposals were approved. Directors elected for the upcoming year include Gerald Panneton and Louis Dionne. The company announced the approval of a new 10% rolling stock option plan and the reappointment of Dale Matheson Carr-Hilton Labonte LLP as auditors. Additionally, 943,750 options were granted at $0.24 per share, exercisable for five years. Gold Terra continues to focus on the Yellowknife City Gold project, which spans 800 sq. km and targets high-grade gold deposits.
Gold Terra Resource Corp (YGTFF) announced the assay results of three drill holes from its winter drilling program aimed at expanding the high-grade mineralization at the Mispickel area. Significant assay results from holes GTWL22-004, 008, and 014 include grades of 31.89 g/t Au and 7.63 g/t Au. The MP-Ryan Zone has shown promising results, indicating a potential addition to the existing gold resource of 1.2 Moz. The company plans to drill approximately 40,000 metres in 2022 to further explore the area. The upcoming NI 43-101 resource update is expected in Q4 2022.
Gold Terra Resource Corp. (YGTFF) announced significant assay results from drill holes GTCM22-031 and GTCM22-040, targeting the Yellorex zone on the Con Mine Property. Hole GTCM22-040 revealed high-grade gold intersections, recording 8.00 g/t Au over 11.00 metres, including 18.79 g/t Au over 4.00 metres. The ongoing drilling program aims to complete approximately 40,000 metres in 2022, building on a current resource estimate of 1.2 million inferred ounces. Results are expected to contribute to a mineral resource update by year-end.
Gold Terra Resource Corp. announced promising assay results for four drill holes in the Mispickel area, extending the MP-Ryan Zone by at least 200 metres north. Hole GTWL22-007 recorded 3.59 g/t gold over 7 metres, including 8.02 g/t over 2 metres. Of the 19 holes drilled in the winter program totaling 6011 metres, visible gold was found in 10 holes. The company aims to delineate a high-grade gold resource to enhance its current 1.2 Moz inferred resources as part of its 2022 drilling efforts, which will encompass approximately 40,000 metres in total.
Gold Terra Resource Corp. announced promising assay results from three drill holes in the Yellorex zone, part of the Con Mine Property. Drill hole GTCM22-030 intersected 6.41 g/t gold over 26.50 metres, including notable grades like 14.15 g/t over 5.50 metres. The data supports metallurgical testing for an updated resource estimate expected by year-end, aiming to increase the current 1.2 million inferred ounces of gold. The company plans a significant drilling campaign in 2022 to expand its gold resource.
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