Welcome to our dedicated page for Gold Terra Resource news (Ticker: YGTFF), a resource for investors and traders seeking the latest updates and insights on Gold Terra Resource stock.
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) announced a significant restructuring of its senior management team as it intensifies exploration efforts, particularly on the Con Mine acquisition. Effective December 31, 2021, Mr. David Suda will step down as President and CEO, transitioning to a part-time consulting role. Mr. Gerald Panneton will take over as CEO from January 1, 2022, while maintaining his role as Executive Chairman. The Company's current inferred mineral resource stands at 1.21 million ounces, with a focus on the Campbell Shear extension to boost shareholder value.
Gold Terra Resource Corp. announced assay results from five drill holes (GTCM21-017 to GTCM21-021) as part of their 10,000 metre drilling program on the Yellorex Zone at the Con Mine Property. Significant gold mineralization was confirmed, extending the Yellorex Zone by over two kilometers. Notable assay highlights include GTCM21-20, which intersected 2.38 g/t Au over 4.70 metres, and GTCM21-21, with 1.24 g/t Au over 11.00 metres. The company plans to continue drilling and expand into underexplored zones in 2022, enhancing its current inferred resource of 1.2 million ounces.
Gold Terra Resource Corp has completed a strategic investment by Newmont Corporation, issuing 7,142,857 shares at C$0.21 per share for proceeds of C$1.5 million, giving Newmont less than 5% ownership. Proceeds will be primarily allocated for exploration on the Con Mine property. This investment strengthens Gold Terra's position in the Yellowknife gold district, which includes 800 sq. km near key infrastructure and mineralized areas. The shares are subject to a hold period until April 4, 2022.
Gold Terra Resource Corp. has entered an option agreement with Newmont Canada FN Holdings to purchase 100% of the Con Mine, along with its surrounding assets, allowing for further exploration of the Campbell Shear structure. Concurrently, Gold Terra secured a C$1.5 million strategic investment from Newmont, expected to facilitate exploration on the Con Mine property. The option agreement grants Gold Terra the potential to add up to 2 million ounces of resources, enhancing its current inferred mineral resource of 1.21 million ounces. Newmont retains a 2% NSR post-transaction.
Gold Terra Resource Corp. (TSXV:YGT) announced assay results from two drill holes, GTCM21-015 and GTCM21-016, as part of its ongoing 10,000 metre Phase 2 drilling program. GTCM21-016 recorded 5.07 g/t gold over 8.35 metres, including 11.87 g/t over 3.08 metres. Meanwhile, GTCM21-015 intersected visible gold and significant high-grade zones. The drilling aims to expand the existing resource of 1.2 million inferred ounces and enhance Gold Terra's position within the Yellowknife City Gold Project. The program continues to progress with more holes planned.
Gold Terra Resource Corp. announced positive assay results from Phase 2 drilling at its Yellowknife City Gold Project. The initial hole, GTCM21-014, revealed 5.22 g/t gold over 17.86 metres, including 11.2 g/t over 4.57 metres. This confirms continuity in the Yellorex zone, essential for enhancing its current resource of 1.2 million ounces of inferred gold. The drilling program, commencing July 16, has completed 8 holes totaling approximately 2,770 metres and aims to delineate high-grade gold mineral resources.
Gold Terra Resource Corp. has appointed Patsie Ducharme as a director and chair of the Audit Committee, pending TSX Venture Exchange approval. Ducharme brings over 25 years of experience in finance, mergers, and strategic development. She replaces Elif Lévesque, who is stepping down after contributing significantly since 2015. Ducharme will receive 200,000 stock options at C$0.26 each, a strategic move as Gold Terra aims to enhance its Yellowknife City Gold Project operations, which covers a substantial area of high-grade gold deposits.
Gold Terra Resource Corp. (YGTFF) has commenced its fully funded 10,000 metre Phase 2 drilling program aimed at expanding its NI 43-101 compliant gold resource, currently at 1.2 million inferred ounces. The drilling will focus on the Campbell Shear at the Yellorex zone, where previous high-grade gold intersections were noted. Recent assay results from five drill holes revealed gold values from 4.11 g/t to 24.9 g/t, with notable intersections of 8.65 g/t over 0.70 metres at Ranney Hill. The program also targets potential extensions in the Crestaurum Shear area.
Gold Terra Resource Corp. (YGTFF) announced a fully funded 10,000 metre Phase 2 drilling program set to commence around July 14, 2021. This program aims to explore the Yellorex zone, where high-grade gold zones were previously identified, including 14.09 g/t Au over 4.65 metres. The objective is to delineate additional gold resources to augment the company's current 1.2 million inferred ounces. The drilling will focus on the continuity of high-grade gold lenses at depth and along strike, with strategic drilling spacing of 50 to 100 metres.
Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) held its Annual General and Special Meeting on June 15, 2021, in Vancouver, BC. Shareholders approved all resolutions presented, including the election of directors: Gerald Panneton, David Suda, Laurie Gaborit, Elif Lévesque, Stuart Rogers, Louis Dionne, and Hellen Siwanowicz. Additionally, the Company’s 10% rolling stock option plan and the reappointment of Dale Matheson Carr-Hilton Labonte LLP as auditors were approved. The meeting underscores shareholder confidence and governance continuity at Gold Terra.
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