24 October 2022
October 24, 2022, VANCOUVER, BC / ACCESSWIRE / October 24, 2022 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to announce that it has filed a technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on the Con Mine Option (the "CMO") Property, which is under option from subsidiaries of Newmont Corporation and acquirable by the Company upon fulfillment of certain conditions set out in the CMO agreement as reported in the Company's news release dated September 7, 2022.
The October 21, 2022 technical report, titled "Initial Mineral Resource Estimate for the CMO Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada" with an effective date of September 2, 2022 can be found on the Company's website at https://www.goldterracorp.com and on SEDAR at www.sedar.com. The Mineral Resource Estimate on the CMO Property includes three gold deposits - Yellorex Main, Yellorex North, and Kam Point. The CMO Property is located adjacent to the Company's 100% owned Yellowknife City Gold project (the "YCG Project") in the Northwest Territories which has Mineral Resource Estimates on the Crestaurum, Barney, Sam Otto, and Mispickel deposits.
Mineral Resource Estimate Highlights
Con Mine Option Property initial Mineral Resource Estimate:
In addition to the CMO Mineral Resource Estimate the Company has 1.2 Moz Inferred Mineral Resources for the Crestaurum, Barney, Sam Otto and Mispickel deposits (see March 2022 Technical Report) on their adjacent 100% owned YCG Project. These Mineral Resource Estimates are also included in the current technical report. This extensive land package is close to the City of Yellowknife with all its extensive existing infrastructure.
Potential to Delineate Additional High-Grade Ounces Along the Campbell Shear
The Company is planning a winter 2023 drilling program which will include testing all zones mentioned in the initial Mineral Resource Estimate at depth and along strike, south of the Mine. If budget permits, the Company also will be testing the Campbell shear at depth of up to 2000 metres below surface. Potential drilling targets are shown in Figure 1.
See full news release here.