27 October 2020
Gold Terra Resource Corp. reports the results of the first four holes drilled at the Crestaurum deposit on its 100% wholly-owned Yellowknife City Gold ("YCG") project in the Northwest Territories. In this Phase 1 drilling program, the Company has completed 10 holes totaling 5,743 metres to test the depth extension of the Crestaurum deposit (Link to Plan View).
President and CEO David Suda stated: "The first four deep holes at Crestaurum successfully intersected the structure and were gold bearing. More importantly, the drilling has now shown the southern extension of the Crestaurum shear is not offset by a fault, indicating a previously unknown possibility for a large expansion of the mineralized system along strike to the southwest and at depth. There is potential to find more high-grade zones within the Crestaurum system and we are excited by what is still to come from the bulk of this drilling program before we turn our sights to the Campbell Shear target."
All four holes intersected the Crestaurum shear with mixed results. The best intersection was 6.81 g/t over 1.4 metres in hole GTCR20-092. These four widely spaced holes (approx. 150 metres) tested a strike length of approximately 600 metres at a vertical depth of 400 metres. The alteration and mineralization observed in the intersected zones indicate the strong possibility of proximity to higher grade gold mineralization, which could be tested by closer spaced drilling.
In this drilling program, the remaining six (6) holes (GTCR20-093 to 098) have also intersected the Crestaurum shear (assays pending). This is significant as it now shows that the Crestaurum shear is not cut off at depth by the Daigle Fault and therefore extends the strike extension of the Crestaurum shear to the southwest and at depth, an area which has never been tested by drilling (Link to Long Section view). This re-interpretation has now expanded the potential size of the Crestaurum deposit by adding over three (3) kilometres of untested strike length to the structure and unlimited dip extent (Link to Plan View).
In addition, all remaining holes (assays pending) have intersected more than one shear structure, potentially indicating the presence of multiple mineralized secondary shears and splays converging towards the main Crestaurum shear.