Gold Terra Resource Corp. reports on gold exploration and project development activity in the Yellowknife district of the Northwest Territories. Recurring company updates cover diamond drilling, assay results and target generation at the Yellowknife Project, including the Con Mine Option property, the Yellorex zone along the Campbell Shear, and Northbelt areas such as Walsh Lake and Mispickel.
News also includes permitting and water-licence updates, technical work tied to mineral resource estimates, corporate presentations, financing support, investor communications arrangements and management appointments related to advancing Gold Terra's Yellowknife gold assets.
Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) has announced positive results from its initial four drill holes at the Crestaurum deposit, part of its Yellowknife City Gold project. The drilling program has totalled 10 holes and extended the strike length of the Crestaurum shear by over three kilometers. Notably, the best intersection achieved was 6.81 g/t Au over 1.4 meters. The company is moving forward with a Phase 2 drilling program, focusing on high-grade zones and secondary shears. Assay results for the remaining holes are pending, indicating further exploration potential.
Gold Terra Resource Corp. (TSX-V:YGT)(OTCQX:YGTFF) announced an Exploration Agreement with Newmont Ventures Limited and Miramar Northern Mining Ltd. on mineral claims adjacent to the former Con Mine. The agreement includes two phases of potential earn-in, allowing Gold Terra to earn a total of 60% interest by investing CDN$3 million over three years and completing a prefeasibility study for at least 750,000 ounces of gold. Completion of this phase could trigger Newmont's back-in right for 20% of the joint venture if a significant gold discovery occurs.
Gold Terra Resource Corp. has officially changed its ticker symbol to YGTFF on the OTCQX Market, effective September 2, 2020. This change allows U.S. investors to access real-time financial disclosures and quotes under the new symbol. The OTCQX Market is designed for established companies with stringent financial and governance standards. Gold Terra's Yellowknife City Gold project covers 790 sq. km near Yellowknife, providing access to vital infrastructure. The project lies on a significant gold-bearing belt, aiming to re-establish Yellowknife as a key gold mining area in Canada.