Gold Terra Resource Corp. Intersects 11.2 g/t gold over 4.57 metres within Wider Zone of …
Hole GTCM21 -14 intersected 5.22 g/t over 17.86 metres including 11.2 g/t gold over 4.57 metres in a very strongly altered and sericitized sheared portion of the Campbell Shear.
President and CEO, David Suda, commented, “The Yellorex zone shows strong potential to add to our current resource of 1.2 million ounces of gold and underscores the significance of the Newmont Option Agreement to the future of the project.
Compilation work has shown that the strong sericite alteration and quartz veined gold system is dipping to the west and steeply plunging to the south with an interpreted plunge length of more than 1.5 kilometres.
Future Phase 2 drilling will not only test the further extension of this zone, but will test additional shoots indicated by historical exploration, broadening the prospective target area for Yellorex.
Gold assays of >3 g/t are re-assayed on a 30 g split by fire assay with gravimetric finish.
Being within 10 kilometres of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power, and skilled tradespeople.
The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that host the former-producing high-grade Con and Giant gold mines.
Certain statements made and information contained in this news release constitute “forward-looking information” within the meaning of applicable securities legislation .
In particular, this news release contains forward-looking information regarding the current drilling on the Campbell Shear on the Newmont Option potentially adding high grade ounces to the Company’s current YCG mineral resource, future planned drilling on the Newmont Option area and the Company’s objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.
Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.