Announcement Date: 2022-06-27
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Gold Terra Resources Corp.
Project name: Con
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 14.57m @ 1.6g/t Au from 1255.23m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: June 27, 2022, Vancouver, B.C. – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTC QX: YGTFF) (“Gold Terra” or the “Company”) is pleased to announce assay results of GTCM22-037 designed to test the Campbell Shear at a depth of 1,000 vertical metres. GTCM22-037 intersected the Campbell shear as planned with the main zone carrying of 1.60 g/t gold (Au) over 14.57 metres, including two gold zones of 1.97 g/t Au over 6.50 metres from 1,263.30 to 1,269.80 metres and 2.00 g/t Au over 4.50 metres from 1,256.08 to 1,260.58 metres. Hole GTCM22-037 encountered alteration, veining, and mineralization consistent with descriptions of typical Campbell Shear gold zones from historical production. It was drilled below historical holes Y-88 (13.72 g/t Au over 5.27 metres)* and above Y-86 and Y-96A (8.32 g/t Au over 4.45 metres and 18.11 g/t Au over 0.83 metres)* along the Campbell Shear structure. The past producing Con Mine Property is under option to purchase 100% by the Company from Newmont Canada FN Holdings ULC and Miramar Northern Mining Ltd., both wholly owned subsidiaries of Newmont Corporation (see November 22, 2021 press release). The 2022 drill program along the Campbell Shear structure is well underway with a total of 15 drill holes (GTCM22-027 to 22-041) completed to date for a total of 8,391 metres. The Company is pleased to announce it has received $132,000 funding from the 2022-23 Government of the Northwest Territories Mining Incentive Program for the Campbell Shear project.
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