13 January 2021
Gold Terra Resource Corp. announces assays for 9 holes at the high grade Crestaurum gold deposit on its 100% wholly-owned Yellowknife City Gold (“YCG”) project near the City of Yellowknife, NWT (Link to Plan View). The Crestaurum gold deposit is an advanced exploration target located within the same large mineralized system suite as the past producing Con and Giant mines which have produced a total of 14 million ounces of gold. (Figure 1 in the full release)
The 9 holes totaling 1062 metres tested the main Crestaurum shear structure at shallow depths across 900 metres of strike length, and also tested high-grade secondary shears and splays in the hanging wall and footwall of the main shear.
The Crestaurum gold deposit 3D model can be viewed at https://vrify.com/decks/crestaurum-january-13-pr.
President and CEO David Suda stated, “The Crestaurum deposit is likely an extension of the Con Shear Zone which produced approximately 1 M oz of gold at the past producing Con Mine. 2020 drilling at the Crestaurum deposit identified multiple vein systems from near surface to approximately 250m below surface. With these results, we are confident that the Crestaurum could potentially be host to a substantial open pit scenario in the future.