Executive Chairman Gerald Panneton Discusses Kirkland Lake's Acquisition of Detour Gold
The Project is located in the prolific Yellowknife greenstone belt, covering 70 kilometers of strike length along the main mineralized break in proximity to the former high-grade Con and Giant gold mines which have produced over 14 million ounces of gold.
The Yellowknife City Gold Project is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople. Mr. Panneton was the founder of Detour Gold which was recently acquired by Kirkland Lake for $4.9 billion Canadian dollars, and we will begin the conversation discussing this amazing acquisition.
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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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