$YGTFF $YGT.V Gold Terra Wedge Drilling Progressin
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Posted On: 02/27/2025 9:17:10 AM
$YGTFF $YGT.V Gold Terra Wedge Drilling Progressing Well at High-Grade Gold target, Campbell Shear, Con Mine Option Property, NWT
https://www.accessnewswire.com/newsroom/en/me...hea-992428
VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company"
is pleased to report that the 2025 control drilling is progressing well on the Con Mine Option (CMO) Property. The first steel wedge hole GTCM25-056A, designed to target the prolific Campbell Shear (CS) from master hole GTCM24-056, was set at 1,950 metres downhole and has now reached approximately 2,162 metres depth in mafic volcanics. It is anticipated to intersect the CS at approximately 2,600 metres downhole and approximately 600 metres below the underground mine workings.
The objective of the 2025 wedge hole drilling program is to continue testing for high-grade gold in the CS (past production of 5.1 Moz @ 16 g/t, refer to the Oct. 21, 2022 Technical Report) on the Con Mine below the historic Con Mine underground workings. The CMO Property is under option from a subsidiary of Newmont Corporation and is 100% acquirable by the Company upon fulfillment of certain conditions set out in the CMO Property Option agreement, as reported in the Company's news release dated November 22, 2021. The target is located downdip from the 5.1 Moz mined gold deposit plunging steeply to the south between elevation 1,900 metres (Robertson shaft depth) and 2,600 metres.
Chairman and CEO, Gerald Panneton, commented, "The wedge drilling is progressing well utilizing a very efficient and cost-effective way to assess the CS at depth. The objective of our first wedge hole is to intersect the CS and extend the high-grade gold potential at a vertical depth of 2,500-2,600 metres below surface, or approximately 600 metres below the current depth of the Robertson Shaft. Once we complete the first wedge, we will step up laterally 30-50 metres on each side of the first intersection. This target below the Robertson shaft has the potential for multi-million ounces as we are down plunge from a 5.1 Moz deposit @ 16 g/t Au mined historically at a rate of 1 Moz per 200 metres vertical on average."
Wedge Hole GTCM24-056A Highlights
Figure 1 below is a cross-section showing the master hole GTCM24-056 from which wedge hole GTCM25-056A has been set up to target the CS at depth. The CS was initially intersected at depth in hole GTCM23-055, which intersected 12.63 g/t Au over 1.7m in the CS structure approximately 150 metres below the Con Mine workings, demonstrating the potential of the CS is well open at depth. Figure 1a, further below shows wedge hole GTCM24-056A in greater detail.
IMDEX of Sudbury, a contract directional drilling crew, is currently utilizing the DeviDrill cutting tool to deviate the hole with the purpose of flattening the dip to intersect the CS as shown in Figure 1 below. After setting up a steel wedge down the hole at a depth of 1,950 metres, the tool was used to orientate the hole from 2,005 to 2,081 metres, successfully achieving a flattening from 82 degrees down to 69 degrees. Drilling was then performed from 2,081 to 2,132 metres without the tool. The second deviation, and possibly the last one, started on Monday February 24th at a depth of 2,132 metres. The hole is currently at 2,162 metres with a dip of 66.5 degrees, and when a 54 degrees dip is reached, the deviation tool will be stopped, and drilling will continue until the CS is intersected.
Meet with Gold Terra at the PDAC 2025
Gold Terra is pleased to invite investors and shareholders to meet with management at the PDAC Conference, Investors Exchange Booth # 2304, March 2-5, 2025, South Building, Metro Toronto Convention Centre, Toronto. On Monday, March 3, 2025, at 3:00 PM EST, Chairman and CEO Gerald Panneton will be presenting at the PDAC 2024 Corporate Presentation Forum for Investors (CPFI) session located in the new Investment Hub theatre, in Hall E, on the Investors Exchange show floor, 800 level.
The 2025 deep drilling program aims to expand the September 2022 initial Mineral Resource Estimate ("MRE" (see September 7, 2022, press release) of 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and 400 metres below surface along a 2-kilometre corridor of the Campbell Shear (October 21, 2022 MRE titled "Initial Mineral Resource Estimate for the CMO Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada" by Qualified Person, Allan Armitage, Ph. D., P. Geo., SGS Geological Services, which can be found on the Company's website at https://www.goldterracorp.com and on SEDAR at www.sedar.com.
The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and Senior Technical Advisor for the Company.
https://www.accessnewswire.com/newsroom/en/me...hea-992428
VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company"
is pleased to report that the 2025 control drilling is progressing well on the Con Mine Option (CMO) Property. The first steel wedge hole GTCM25-056A, designed to target the prolific Campbell Shear (CS) from master hole GTCM24-056, was set at 1,950 metres downhole and has now reached approximately 2,162 metres depth in mafic volcanics. It is anticipated to intersect the CS at approximately 2,600 metres downhole and approximately 600 metres below the underground mine workings. The objective of the 2025 wedge hole drilling program is to continue testing for high-grade gold in the CS (past production of 5.1 Moz @ 16 g/t, refer to the Oct. 21, 2022 Technical Report) on the Con Mine below the historic Con Mine underground workings. The CMO Property is under option from a subsidiary of Newmont Corporation and is 100% acquirable by the Company upon fulfillment of certain conditions set out in the CMO Property Option agreement, as reported in the Company's news release dated November 22, 2021. The target is located downdip from the 5.1 Moz mined gold deposit plunging steeply to the south between elevation 1,900 metres (Robertson shaft depth) and 2,600 metres.
Chairman and CEO, Gerald Panneton, commented, "The wedge drilling is progressing well utilizing a very efficient and cost-effective way to assess the CS at depth. The objective of our first wedge hole is to intersect the CS and extend the high-grade gold potential at a vertical depth of 2,500-2,600 metres below surface, or approximately 600 metres below the current depth of the Robertson Shaft. Once we complete the first wedge, we will step up laterally 30-50 metres on each side of the first intersection. This target below the Robertson shaft has the potential for multi-million ounces as we are down plunge from a 5.1 Moz deposit @ 16 g/t Au mined historically at a rate of 1 Moz per 200 metres vertical on average."
Wedge Hole GTCM24-056A Highlights
Figure 1 below is a cross-section showing the master hole GTCM24-056 from which wedge hole GTCM25-056A has been set up to target the CS at depth. The CS was initially intersected at depth in hole GTCM23-055, which intersected 12.63 g/t Au over 1.7m in the CS structure approximately 150 metres below the Con Mine workings, demonstrating the potential of the CS is well open at depth. Figure 1a, further below shows wedge hole GTCM24-056A in greater detail.
IMDEX of Sudbury, a contract directional drilling crew, is currently utilizing the DeviDrill cutting tool to deviate the hole with the purpose of flattening the dip to intersect the CS as shown in Figure 1 below. After setting up a steel wedge down the hole at a depth of 1,950 metres, the tool was used to orientate the hole from 2,005 to 2,081 metres, successfully achieving a flattening from 82 degrees down to 69 degrees. Drilling was then performed from 2,081 to 2,132 metres without the tool. The second deviation, and possibly the last one, started on Monday February 24th at a depth of 2,132 metres. The hole is currently at 2,162 metres with a dip of 66.5 degrees, and when a 54 degrees dip is reached, the deviation tool will be stopped, and drilling will continue until the CS is intersected.
Meet with Gold Terra at the PDAC 2025
Gold Terra is pleased to invite investors and shareholders to meet with management at the PDAC Conference, Investors Exchange Booth # 2304, March 2-5, 2025, South Building, Metro Toronto Convention Centre, Toronto. On Monday, March 3, 2025, at 3:00 PM EST, Chairman and CEO Gerald Panneton will be presenting at the PDAC 2024 Corporate Presentation Forum for Investors (CPFI) session located in the new Investment Hub theatre, in Hall E, on the Investors Exchange show floor, 800 level.
The 2025 deep drilling program aims to expand the September 2022 initial Mineral Resource Estimate ("MRE"
(see September 7, 2022, press release) of 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and 400 metres below surface along a 2-kilometre corridor of the Campbell Shear (October 21, 2022 MRE titled "Initial Mineral Resource Estimate for the CMO Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada" by Qualified Person, Allan Armitage, Ph. D., P. Geo., SGS Geological Services, which can be found on the Company's website at https://www.goldterracorp.com and on SEDAR at www.sedar.com. The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and Senior Technical Advisor for the Company.
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