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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) released promising assay results from its initial three drill holes in a 12,000 metre winter drilling program at the Yellowknife City Gold Project. Notably, hole GTCM21-003 intersected high-grade gold mineralization of 10.85 g/t Au over 4.35 metres. The drilling focused on the Campbell Shear structure, known for its rich historical gold production. The results are expected to enhance the Company's resource estimate of 1,207,000 Inferred Ounces and identify high-grade mineralization potential in this priority target area.
Gold Terra Resource Corp. announced an updated mineral resource estimate for the Yellowknife City Gold project (YCG Project), totaling an inferred resource of 1.2 million ounces of gold. This includes 21.8 million tonnes at an average grade of 1.25 g/t for 876,000 ounces in open pit resources, and 2.55 million tonnes at an average of 4.04 g/t for 331,000 ounces underground. The increase is attributed to successful drilling programs and higher gold prices, enhancing the project's growth potential. The company plans further exploration, particularly targeting the Campbell Shear structure.
Gold Terra Resource Corp (YGTFF) has successfully completed a non-brokered private placement, raising C$2,880,000 through the issuance of 8,000,000 flow-through common shares at C$0.36 each. This funding will allow the company to double its drilling program on the Campbell Shear zone, increasing it from 10,000 meters to over 20,000 meters. The additional drilling efforts are focused on expanding exploration on the Yellowknife City Gold project, which covers crucial gold mineralization areas.
Gold Terra Resource Corp. (TSXV:YGT, OTCQX:YGTFF) announced a non-brokered private placement of 8,000,000 flow-through common shares at C$0.36 per share, raising gross proceeds of C$2,880,000. These funds will extend the ongoing drilling program on the Campbell Shear target at the Yellowknife City Gold project from 10,000 to over 20,000 meters. The offering's closing is expected around March 4, 2021, pending TSX Venture Exchange approval. The project covers 800 sq. km and is near vital infrastructure, aiming to establish Yellowknife as a leading gold mining district.
Gold Terra Resource Corp. (TSX-V: YGT; OTC QX: YGTFF) announced a live presentation at VirtualInvestorConferences.com on February 16, 2021, at 12:30 PM ET. This interactive event will allow investors to ask questions in real-time, with an archived version available afterward. Gold Terra is focused on the Yellowknife City Gold Project, covering nearly 800 sq. km in the Northwest Territories, known for historic gold production. The project aims to re-establish Yellowknife as a premier gold mining district in Canada, with a current drilling program targeting high-grade mineralization.
Gold Terra Resource Corp. (TSXV:YGT; OTCQX:YGTFF) has provided an update on its drilling program at the Newmont Option property adjacent to its Yellowknife City Gold Project. The company's drilling is targeting the Campbell Shear, known for significant gold production. The first two drill holes have been completed, successfully intersecting the Campbell Shear structure. Both holes revealed substantial mineralization, with GTCM21-001 intersecting 67 meters of the shear and GTCM21-002 intersecting 65.5 meters. The company aims to identify additional high-grade gold resources in the area.
Gold Terra Resource Corp. (OTCQX:YGTFF) has completed 7,648 metres of drilling across 25 holes at the Crestaurum gold deposit in its Yellowknife City Gold project. Recent assay results from 11 holes totaling 4,101 metres indicate a successful extension of the Crestaurum shear structure by 500 metres southwest, reaching a depth of 600 metres. The ongoing 12,000 metre drilling program aims to explore the Campbell shear target. Notable assay results include 43.00 g/t Au over 1 metre and 16.60 g/t Au over 1 metre. The company also announced the departure of Vice President Exploration, Alan Sexton.
Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) has announced positive results from its initial four drill holes at the Crestaurum deposit, part of its Yellowknife City Gold project. The drilling program has totalled 10 holes and extended the strike length of the Crestaurum shear by over three kilometers. Notably, the best intersection achieved was 6.81 g/t Au over 1.4 meters. The company is moving forward with a Phase 2 drilling program, focusing on high-grade zones and secondary shears. Assay results for the remaining holes are pending, indicating further exploration potential.
Gold Terra Resource Corp. (TSX-V:YGT)(OTCQX:YGTFF) announced an Exploration Agreement with Newmont Ventures Limited and Miramar Northern Mining Ltd. on mineral claims adjacent to the former Con Mine. The agreement includes two phases of potential earn-in, allowing Gold Terra to earn a total of 60% interest by investing CDN$3 million over three years and completing a prefeasibility study for at least 750,000 ounces of gold. Completion of this phase could trigger Newmont's back-in right for 20% of the joint venture if a significant gold discovery occurs.
Gold Terra Resource Corp. has officially changed its ticker symbol to YGTFF on the OTCQX Market, effective September 2, 2020. This change allows U.S. investors to access real-time financial disclosures and quotes under the new symbol. The OTCQX Market is designed for established companies with stringent financial and governance standards. Gold Terra's Yellowknife City Gold project covers 790 sq. km near Yellowknife, providing access to vital infrastructure. The project lies on a significant gold-bearing belt, aiming to re-establish Yellowknife as a key gold mining area in Canada.
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