Gold Terra intersects 10.85 g/t of gold over 4.35 metres in the Campbell Shear structure on the Newmont option, Yellowknife City Gold project
23 March 2021
Gold Terra Resource Corp. is pleased to announce assays for the first 3 holes drilled on the Company’s 12,000 metre drilling program at the Company's optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (the "Newmont Option") adjacent to its Yellowknife City Gold Project ("YCG"), NWT. The Phase 1 drilling program is testing over 1.2 kilometres of the immediate southern extension of the Campbell Shear, which produced approximately 5 of the 6 million ounces of gold produced at the former Con Mine (1938-2002).
President and CEO David Suda stated, “We are very pleased to have intersected gold mineralization in the Campbell Shear in our first three holes and with the third hole intersecting nice high-grade mineralization. The Newmont Option continues to be our highest priority target area where we believe there is the potential to add high-grade quality ounces to our recently updated resource estimate of 1,207,000 Inferred Ounces. The Campbell Shear structure extends over a minimum of 20 kilometres south of the Con Mine and we have only started to test the area immediately south of the former Con Mine."