Gold Terra Resource Corp Stock Price, News & Analysis

Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) has initiated an 8,000-metre winter drilling program at its Con Mine Option Property in Yellowknife, NWT. This program, comprising 20 holes down to 600 metres, aims to expand the September 2022 initial Mineral Resource Estimate (MRE) along the Campbell Shear. Notably, the MRE indicates 0.82 million tonnes of Indicated resources at 7.55 g/t for 109,000 ounces and 2.0 million tonnes Inferred at 6.74 g/t for 432,000 ounces. The drilling will also explore significant deep extensions of the Con Mine deposit. The program is backed by a $3.8 million financing completed in November 2022.

Gold Terra Resource Corp. (YGTFF) announced the approval of a stock option grant allowing the purchase of up to 1,000,000 shares at $0.20 each. These options will be exercisable for five years with a vesting schedule of 25% every six months. The Yellowknife City Gold project spans 800 sq. km, situated near critical infrastructure. The company is focusing on the Campbell shear and the Con Mine Option, which has historically produced 6.1 Moz of gold. A drilling program is set to commence in mid-January 2023.

Gold Terra Resource Corp. (TSXV:YGT, OTCQX:YGTFF) announced its 2023 drill program set to begin on January 16, 2023, aiming to drill an additional 10,000 metres on the Con Mine Option property. The program focuses on delineating more gold ounces at depth. The property has an indicated resource of approximately 109,000 ounces of gold. Additionally, Joe Campbell, the Chief Operating Officer, is retiring but will continue as a senior technical advisor. Gold Terra aims to re-establish Yellowknife as a premier gold mining district.

Gold Terra Resource Corp. (TSX-V:YGT; OTCQX:YGTFF) announced the closing of a non-brokered private placement, raising $3,782,717 through the sale of 12,055,585 flow-through shares at $0.20 each and 8,572,500 common shares at $0.16. Proceeds will fund Canadian exploration and general corporate purposes, enabling a significant winter drilling program at the Con Mine Option Property. The program focuses on untapped areas of the Campbell shear, previously known for yielding 5.1 Moz of gold.

Gold Terra Resource Corp. has announced an increase in its non-brokered private placement offering, raising gross proceeds from $1,960,117 to $3,780,517. The offering includes 12,020,585 flow-through shares at $0.20 each and 8,602,500 common shares at $0.16 each. Proceeds will support Canadian exploration expenses, with directors participating in the offering. The closing is expected around November 18, 2022, pending regulatory approvals. A hold period of four months and one day will follow the closing date.

Gold Terra Resource Corp. (TSX-V:YGT; OTCQX:YGTFF) has initiated a non-brokered private placement, securing gross proceeds of $1,960,117 through the sale of 6,020,585 flow-through shares at $0.20 each and 4,725,000 common shares at $0.16 each. Funds will primarily support drilling on the Con Mine property in Yellowknife, following an updated mineral resource report. The offering is set to close by November 16, 2022, pending regulatory approval. Directors and officers will acquire 600,000 common shares as part of the offering.

Gold Terra Resource Corp. has filed a technical report in accordance with NI 43-101 for the Con Mine Option Property, highlighting a mineral resource estimate with significant gold deposits. The report indicates an indicated resource of 0.45 million tonnes at 7.55 g/t Au, totaling 109,000 ounces, and an inferred resource of 2 million tonnes at 6.74 g/t Au, equating to 432,000 ounces. The property is strategically located near the City of Yellowknife, with access to vital infrastructure and plans for a winter 2023 drilling program.

Gold Terra Resource Corp. (OTCQX:YGTFF) has announced positive trenching results from its 2022 exploration program on the Mulligan property in New Brunswick. Trench sampling identified significant mineralization, with peak values of 32.9 g/t gold and 579 g/t silver. The hydrothermal system spans at least 700 metres and shows extensive potential for further exploration. The total cost for the summer program was C$ 45,000, with a grant contributing C$ 15,000. The company aims to continue exploration in 2023 to expand mineral resource estimates.

Gold Terra Resource Corp. (YGTFF) has announced its initial Mineral Resource Estimate (MRE) for the Con Mine property, revealing an underground resource of 109,000 ounces in the Indicated category and 432,000 ounces in the Inferred category. This MRE is crucial for satisfying the option agreement with Newmont Corporation. The Con Mine has a rich history, having produced over 5 million ounces of gold. Gold Terra aims to continue drilling to expand this resource, having invested approximately $6.2 million to date for a cost of $12 per ounce.