Gold Terra Resource Corp Stock Price, News & Analysis

Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) has announced a new technical report for its Yellowknife City Gold Project, highlighting a 64% increase in the mineral resource estimate. The report, effective March 8, 2021, documents 1,207,000 ounces of inferred resources, including 876,000 ounces from open-pit and 331,000 ounces from underground sources. Additionally, the company entered an option agreement to acquire mineral claims in the Northbelt area, enhancing future exploration potential. The report and details are available on Gold Terra's website and SEDAR.

Gold Terra Resource Corp. (YGTFF) released promising assay results from its initial three drill holes in a 12,000 metre winter drilling program at the Yellowknife City Gold Project. Notably, hole GTCM21-003 intersected high-grade gold mineralization of 10.85 g/t Au over 4.35 metres. The drilling focused on the Campbell Shear structure, known for its rich historical gold production. The results are expected to enhance the Company's resource estimate of 1,207,000 Inferred Ounces and identify high-grade mineralization potential in this priority target area.

Gold Terra Resource Corp. announced an updated mineral resource estimate for the Yellowknife City Gold project (YCG Project), totaling an inferred resource of 1.2 million ounces of gold. This includes 21.8 million tonnes at an average grade of 1.25 g/t for 876,000 ounces in open pit resources, and 2.55 million tonnes at an average of 4.04 g/t for 331,000 ounces underground. The increase is attributed to successful drilling programs and higher gold prices, enhancing the project's growth potential. The company plans further exploration, particularly targeting the Campbell Shear structure.

Gold Terra Resource Corp (YGTFF) has successfully completed a non-brokered private placement, raising C$2,880,000 through the issuance of 8,000,000 flow-through common shares at C$0.36 each. This funding will allow the company to double its drilling program on the Campbell Shear zone, increasing it from 10,000 meters to over 20,000 meters. The additional drilling efforts are focused on expanding exploration on the Yellowknife City Gold project, which covers crucial gold mineralization areas.

Gold Terra Resource Corp. (TSXV:YGT, OTCQX:YGTFF) announced a non-brokered private placement of 8,000,000 flow-through common shares at C$0.36 per share, raising gross proceeds of C$2,880,000. These funds will extend the ongoing drilling program on the Campbell Shear target at the Yellowknife City Gold project from 10,000 to over 20,000 meters. The offering's closing is expected around March 4, 2021, pending TSX Venture Exchange approval. The project covers 800 sq. km and is near vital infrastructure, aiming to establish Yellowknife as a leading gold mining district.

Gold Terra Resource Corp. (TSX-V: YGT; OTC QX: YGTFF) announced a live presentation at VirtualInvestorConferences.com on February 16, 2021, at 12:30 PM ET. This interactive event will allow investors to ask questions in real-time, with an archived version available afterward. Gold Terra is focused on the Yellowknife City Gold Project, covering nearly 800 sq. km in the Northwest Territories, known for historic gold production. The project aims to re-establish Yellowknife as a premier gold mining district in Canada, with a current drilling program targeting high-grade mineralization.

Gold Terra Resource Corp. (TSXV:YGT; OTCQX:YGTFF) has provided an update on its drilling program at the Newmont Option property adjacent to its Yellowknife City Gold Project. The company's drilling is targeting the Campbell Shear, known for significant gold production. The first two drill holes have been completed, successfully intersecting the Campbell Shear structure. Both holes revealed substantial mineralization, with GTCM21-001 intersecting 67 meters of the shear and GTCM21-002 intersecting 65.5 meters. The company aims to identify additional high-grade gold resources in the area.

Gold Terra Resource Corp. (OTCQX:YGTFF) has completed 7,648 metres of drilling across 25 holes at the Crestaurum gold deposit in its Yellowknife City Gold project. Recent assay results from 11 holes totaling 4,101 metres indicate a successful extension of the Crestaurum shear structure by 500 metres southwest, reaching a depth of 600 metres. The ongoing 12,000 metre drilling program aims to explore the Campbell shear target. Notable assay results include 43.00 g/t Au over 1 metre and 16.60 g/t Au over 1 metre. The company also announced the departure of Vice President Exploration, Alan Sexton.

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.