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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 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.
Gold Terra Resource Corp. (TSX-V:YGT, OTCQX:YGTFF) announced assay results from the final two holes of its Phase 1 drilling at the Yellowknife City Gold Project. The drilling confirms the Campbell Shear gold-bearing structure, with three main zones identified and a total of 13 holes completed, totaling 7,242 metres. Phase 2 drilling, beginning in July, will focus on closer-spaced drill targets with a planned 10,000-meter program. Highlights include intersections of 10.85 g/t Au over 4.35 metres and 1.10 g/t Au over 4.95 metres, indicating significant potential for further mineralization.
Gold Terra Resource Corp. reports significant assay results from its Phase 1 drilling program at the Yellowknife City Gold Project (YCG). The latest results from holes GTCM21-010 and GTCM21-011 extend the Kam Point North zone by 200 meters, confirming gold mineralization continuity. GTCM21-010 encountered 1.80 g/t Au over 3.07 meters, while GTCM21-011 showed 1.32 g/t Au over 9.20 meters, including 5.99 g/t Au over 1.45 meters. The company plans a 10,000-meter Phase 2 drilling program to further explore the Campbell Shear structure, which remains open for exploration.
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