Drilling Program for Summer 2020
The first phase of drilling will focus on the high-grade Crestaurum gold deposit (Link to location map), which is accessible all year around by road, with the objective of expanding the current NI 43-101 inferred mineral resource estimate of 735,000 ounces of gold for the YCG project (Refer to news release dated November 4, 2019). Following completion of this drilling, the Company will start drilling targets on the high-grade Campbell Shear, which extends on the Company's property both north and south of the former Con and Giants, which have produced over 14 million ounces of gold (Refer to news release dated June 2, 2020).
David Suda, President and CEO, stated, "We are on the cusp of a turning point for 2020 drilling as we now turn our focus on drilling the high-grade Crestaurum deposit and the high-grade Campbell Shear structure. We are confident in the potential to expand the Crestaurum deposit along strike and at depth and very excited about the potential of a discovery along the Campbell Shear structure."
In this first phase, the Company plans to drill seven (7) holes totaling 3,700 metres over a strike length of more than 1 kilometre to test the depth extension of the Crestaurum deposit to 400 metres below surface, approximately 200 metres below the current resource limit, and to test the Daigle fault offset (Link to long section). Additional holes will be added subject to the success of this ongoing program.
Listen to the interview with CEO David Suda.
About Gold Terra Resource Corp.
Gold Terra Resource Corp. (CVE:YGT) (OTCMKTS:TRXXF) owns a 100% interest in the YCG Project, encompassing 790 sq km of contiguous land within 10 kilometers of the city of Yellowknife. The Company announced an inferred mineral resource estimate of 735,000 ounces of gold in November 2019, (News release November 4th 2019). The YCG Project is located in the same archean belt where the former high-grade Con and Giant gold mines have produced over 14 million ounces of gold. The YCG project is located north and south of the city and along the same mineralized district scale as the past producer Con and Giant Mines.
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