16 March 2021
Gold Terra Resource Corp. is pleased to announce an updated mineral resource estimate on its Yellowknife City Gold project, located 12 kilometres from the City of Yellowknife, NWT. The classification of the mineral resource estimate was completed in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in National Instrument 43-101. This updated mineral resource estimate includes the Sam Otto, Crestaurum, Barney and Mispickel gold deposits (see Figure 1) previously reported in the initial November 2019 mineral resource estimate prepared in accordance with NI 43-101 and includes assay results from the 2020 drill program on the Sam Otto (9,622 metres) and Crestaurum (7,648 metres) deposits.
The 1,207,000 ounce inferred mineral resource consists of an: