Welcome to our dedicated page for Gold Terra Resource news (Ticker: YGTFF), a resource for investors and traders seeking the latest updates and insights on Gold Terra Resource stock.
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. (TSX-V:YGT, OTCQX:YGTFF) has extended its option agreement with Newmont subsidiaries to six years, allowing the company to purchase 100% of the past-producing Con Mine in Yellowknife, NWT. The extension provides Gold Terra more time to complete its evaluation before exercising the option. Key highlights include:
- Commitment to incur C$8 million in exploration expenditures over six years
- Requirement to complete a Pre-Feasibility Study with a minimum of 1.5 Moz resource
- Final cash payment of C$8 million upon closing
- Newmont retains a 2% NSR and a two-year back-in right for 51% interest
The agreement covers the Con Mine Property, which historically produced 6.1 Moz of gold at 16-20 g/t. Gold Terra's current drilling program aims to expand its initial Mineral Resource Estimate of 109,000 Indicated ounces and 432,000 Inferred ounces.
Gold Terra Resource Corp (TSX-V:YGT, OTCQB:YGTFF) has completed its master deep hole GTCM24-056 at 3,002 meters on the Con Mine Option Property in Northwest Territories. The company plans to use this hole for a Phase 2 deep drilling program targeting the prolific Campbell Shear (CS), which historically produced 5.1 Moz at 16 g/t gold.
The drilling strategy involves branching off wedge holes from the master hole to evaluate the CS 600-700 meters below the current Robertson shaft depth. This approach offers substantial benefits compared to drilling from the surface. The program aims to add high-grade ounces to the company's next Mineral Resource Estimate (MRE).
The initial plan includes 5-7 wedge holes totaling approximately 3,000 meters. The first wedge is planned to start at 2000-2100 meters downhole, targeting the CS at -2700 meters, 800 meters below the Robertson shaft.
Gold Terra Resource Corp. (YGTFF) announced the results of its 2024 Annual General and Special Meeting held on June 6, 2024. Shareholders approved all proposed matters, including the election of board members and the reappointment of auditors. Additionally, the company provided an update on its deep drilling activities at the Con Mine Option Property. The drill hole GTCM24-056 is progressing well at a depth of 2,526 meters, targeting high-grade gold mineralization. The current drilling program aims to increase the Indicated and Inferred resource near the surface and south of the Con Mine.
Gold Terra Resource Corp. announced positive progress on its drill hole GTCM24-056 at the Con Mine Option Property, targeting the Campbell Shear, with a current depth of 2,265 meters. The drilling is scheduled to intersect the Campbell Shear at approximately 2,600 meters, revealing potential high-grade gold mineralization. The latest assay results show gold grades up to 13.90 g/t over 0.60 meters in the hanging granite wall and 0.6 g/t Au over 0.6 meters in the Con Shear. The deep drill aims to verify the continuity of gold-rich zones beyond past mining operations.
Gold Terra plans to use this master hole for subsequent wedge holes to cost-effectively test the extension of the Campbell Shear. The project aims to expand the September 2022 Mineral Resource Estimate of 109,000 indicated ounces and 432,000 inferred ounces of gold.
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