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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. (TSX-V:YGT; OTCQX:YGTFF) has initiated a non-brokered private placement, securing gross proceeds of $1,960,117 through the sale of 6,020,585 flow-through shares at $0.20 each and 4,725,000 common shares at $0.16 each. Funds will primarily support drilling on the Con Mine property in Yellowknife, following an updated mineral resource report. The offering is set to close by November 16, 2022, pending regulatory approval. Directors and officers will acquire 600,000 common shares as part of the offering.
Gold Terra Resource Corp. has filed a technical report in accordance with NI 43-101 for the Con Mine Option Property, highlighting a mineral resource estimate with significant gold deposits. The report indicates an indicated resource of 0.45 million tonnes at 7.55 g/t Au, totaling 109,000 ounces, and an inferred resource of 2 million tonnes at 6.74 g/t Au, equating to 432,000 ounces. The property is strategically located near the City of Yellowknife, with access to vital infrastructure and plans for a winter 2023 drilling program.
Gold Terra Resource Corp. (OTCQX:YGTFF) has announced positive trenching results from its 2022 exploration program on the Mulligan property in New Brunswick. Trench sampling identified significant mineralization, with peak values of 32.9 g/t gold and 579 g/t silver. The hydrothermal system spans at least 700 metres and shows extensive potential for further exploration. The total cost for the summer program was C$ 45,000, with a grant contributing C$ 15,000. The company aims to continue exploration in 2023 to expand mineral resource estimates.
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.
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