8 December 2021
VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Gold Terra Resource Corp. (TSX-V:YGT); (Frankfurt:TX0); (OTC QX:YGTFF) ("Gold Terra" or the "Company") is pleased to announce assay results for five additional (5) holes, GTCM21-017, 18, 19, 20 and 21 drilled as part of the current 10,000 metre 2021 drilling program on the Yellorex Zone at the Con Mine Property, recently optioned from Newmont Canada FN Holdings ULC and Miramar Northern Mining Ltd., both wholly owned subsidiaries of Newmont Corporation ("Newmont"). The Con Mine Property is adjacent to the Company's Yellowknife City Gold Project ("YCG") and is a key addition to the Gold Terra's district sized land package along the prolific Campbell Shear. Drilling continues to successfully intersect the Campbell Shear and holes GTCM21-17, 19 and 21 have extended gold mineralization on both the southern and northern limits of the Yellorex Zone for over two kilometers. Drilling results are very positive as the Campbell shear structure has been intersected in every hole drilled to date.
Assay highlights include:
President and CEO, David Suda, commented, "Despite extended delays at the assay labs, we are pleased to have additional results from our Phase 2 drilling program. These holes were designed to test the outer limits of the Yellorex Zone along strike and at depth and the results have successfully extended the strike length across the southern and northern limits of the Yellorex Zone. We anticipate more results in the near future as we continue to test the Yellorex zone. The Company is also preparing its 2022 drill program that will extend drilling to additional underexplored zones between Yellorex and the former Con Mine."
Three holes intersected the Campbell Shear in the southern limit of the Yellorex zone:
Holes GTCM21-017 and GTCM21-018 were drilled through the Campbell Shear near surface on the south limit of the Yellorex deposit. They both intersected a strong sericite alteration and some pyrite and arsenopyrite. Hole GTCM21-017 intersected a 22cm-thick smoky quartz vein which is typical of the Yellorex zone and returned 10.40g/t Au over 0.5 metres. Hole GTCM21-018 intersected the outer limit of the alteration halo around the main Yellorex deposit, which also includes low-grade gold values. Hole GTCM21-019 was also collared on the south limit of the Yellorex deposit but tested the zone deeper than hole GTCM21-018. Although the hole was collared on the south limit of the Yellorex deposit, it still intersected a significant alteration halo which included a series of small smoky quartz veins which carried 2.46 g/t Au over 4.70 metres including 5.13 g/t Au over 1.90 metres.
Joe Campbell, COO and Qualified Person stated: "The current drill program in the Yellorex zone is focusing on testing the extension of the upper limits and southern limits of the zone while confirming some additional areas of intense mineralization. The Campbell Shear envelope is typical of Archean greenstone belt style with higher grade mineralization in structurally controlled shoots within large, altered envelopes, and more drilling is often required to define them. We have had 100% success rate intersecting altered envelopes in the Campbell shear similar to the Con Mine. Our drilling approach is defining the outlines of higher-grade shoots, to be followed down plunge in a very similar pattern to the 5.0 Moz mined at the neighbouring Con Mine.
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