27 April 2021
Gold Terra Resource Corp. is pleased to announce assay results for an additional three drill holes from the Company’s Phase 1 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 Company has now completed its winter Phase 1 drilling program of 13 holes totaling 7242 metres, with assay results pending for the last 4 holes.
Today’s results establish continuity of gold mineralization in the Campbell Shear structure for over two kilometres immediately south of the former Con Mine (where 5 of the 6 million ounces of gold produced was in the Campbell Shear structure) (Figure 1). Results from the recent three holes provide confirmation that the gold system being targeted has the same controls on gold mineralization as the former Con Mine. High-grade zones, similar to those mined at Con and those intersected in holes GTCM21-003 and 005 earlier in the Phase 1 drilling at 150-200m spacing, are part of the same system that needs to be drilled systematically with closer spacing.