25 January 2021
Gold Terra Resource Corp. is pleased to announce the restart of drilling to test the Campbell Shear as the Company has received the amended Land Use Permit (LUP) that allows drilling on the Company’s recently optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (the “Newmont Option”) adjacent to its 100% owned Yellowknife City Gold Project (“YCG”), NWT. The Newmont Option hosts the immediate southern extension of the Campbell Shear, where approximately 5 million ounces of gold was produced from the Con Mine between 1946 and 2005 at a gre of 15 g/t, and over widths of up to 100 meters.
President and CEO David Suda stated, “The current drilling on the Newmont Option is our highest priority area to potentially add high grade ounces to our current YCG mineral resource. To the south of the Con Mine, the Campbell Shear structure extends over a minimum of 20 kilometers and has been largely underexplored with very limited exploration since 1961. The Campbell Shear is the largest district scale structure in the Yellowknife camp, and the high-grade nature of the gold produced from this zone makes it the most compelling target of our land package.”