24 February 2023
VANCOUVER, BC / ACCESSWIRE / February 24, 2023 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to announce that the 8,000-metre winter drilling program on the Con Mine Option ("CMO") Property in Yellowknife, NWT is progressing well with the completion of the first eight holes designed to expand the Yellorex North gold zone. The CMO property is under option from subsidiaries of Newmont Corporation and is acquirable by the Company upon fulfillment of certain conditions set out in the CMO agreement, as reported in the Company's news release dated November 22, 2021. Assays are pending and anticipated to be received in March.
Chairman and CEO, Gerald Panneton, commented, "We are extremely pleased with the Yellorex North drilling as all eight holes have hit the targeted Campbell Shear with the drill core showing significant intersections of multi-metre veining and sulphide mineralization. The objective of the winter drill program is to expand the current near-surface mineral resources on the CMO, and the initial visual observations of the core indicate that we are on track. The Campbell Shear structure is our highest priority target as the Con Mine produced more than 5 million ounces of high-grade gold (16 g/t Au). "
Drilling Update Highlights
Eight holes (GTCM23-042 to 049) have been completed on the Yellorex North zone for a total of 3076.53 metres. All eight holes have intersected significant widths of the Campbell Shear with notable highlights shown in the following table:
See full release for details.