4 February 2021
Gold Terra Resource Corp. is pleased to provide an update on the ongoing drilling at the Company's 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 fully funded drilling program is targeting the immediate southern extension of the Campbell Shear, which hosted approximately 5 of the 6 million ounces of gold produced at the former Con Mine and is currently one of the highest priority targets to add additional high-grade ounces to the current YCG mineral resource.
The Company has completed the first 2 holes of the current winter 2021 program. While assays are pending, images of the core are shown further along in this press release illustrating the mineralization, alteration, and quartz veining of the Campbell Shear zone.
David Suda, President and CEO, stated, "We are very pleased to have hit the Campbell Shear Structure with our first two holes on the Newmont Option which is now our highest priority target area where we believe there is the potential to make a new discovery. The Campbell Shear structure extends over a minimum of 20 kilometres south of the Con Mine. The Campbell Shear is an extensive plumbing system for potential gold mineralization, and we have only started to drill a small portion of it immediately south of the former Con Mine."