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Gold Terra Starts Drilling on High-Grade Yellorex Gold Zone, Campbell Shear South of Con Mine and Reports on Assay Results for Crestaurum North and Ranney Hill Areas20.07.2021 | 8:00 Uhr | Accesswire
VANCOUVER, July 20, 2021 - Gold Terra Resource Corp. (TSXV:YGT)(FSE:TX0)(OTCQX:YGTFF) ("Gold Terra" or the "Company") is pleased to announce that the Company's fully funded 10,000 metre Phase 2 drilling program has started with the objective to delineate a potential gold mineral resource to add to the Company's current NI 43-101 compliant 1.2 million inferred ounce resource (see March 16, 2021 press release and NI 43-101 Technical Report). The drilling is focused on the Campbell Shear at the Yellorex zone where significant high-grade gold zones were intersected during the Phase 1 drilling program (14.09 g/t Au over 4.65 metres) (see April 6, 2021 press release). In addition, the Company is pleased to announce assay results from five drill holes completed in April and March 2021 at Crestaurum North and the Ranney Hill Shear located on the Company's 100% Yellowknife City Gold Project ("YCG"). Two of the drill holes tested previous trench and channel grab sampling results which had returned values ranging from 4.11 g/t to 24.9 g/t Au, along with one very high-grade grab sample of 746 g/t Au. Both holes intersected anomalous gold values with the highest value of 8.65 g/t Au over 0.70 metres within the targeted shear/vein system and multiple horizons of shearing, alteration, and quartz veining. Three of the drill holes targeted high-grade veins in the Crestaurum Shear adjacent to Company's current NI 43-101 compliant Inferred mineral resource of 1.2 million ounces. Yellorex Zone Drilling - Campbell Shear South of Con Mine Figure 1: Phase 2 drilling at Yellorex Zone. Ranney Hill Drilling Results Figure 2 - Ranney Hill Shear Location Map. Two drill holes (GTRH21-001 and 002) totaling 302 metres were located between the West Bay and Akaitcho Faults and 2.5 kilometres northwest of the Giant Mine. The two drill holes successfully intersected the target shear. The higher grade intersection and the multiple horizons of anomalous gold support the interpretation that this area is the southern strike extension of the Crestaurum Shear, providing a 2.5 kilometre strike of untested shear. Drilling results are as follows:
Notable intersections from Ranney Hill Shear-area drill holes are as follows:
Crestaurum Drilling Results
Notable intersections from Crestaurum Shear-area drill holes are as follows:
The technical information contained in this news release has been reviewed and approved by Joseph Campbell, Chief Operating Officer, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. About Gold Terra's Yellowknife City Gold Project The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that host the former-producing high-grade Con and Giant gold mines. The Company's exploration programs have successfully identified significant zones of gold mineralization and multiple targets that remain to be tested which reinforces the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada. Visit our website at www.goldterracorp.com. For more information, please contact: David Suda, President and CEO Mara Strazdins, Manager of Investor Relations Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information All statements other than statements of historical fact may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. In particular, this news release contains forward-looking information regarding the current drilling on the Campbell Shear on the Newmont Option potentially adding high grade ounces to the Company's current YCG mineral resource, future planned drilling on the Newmont Option area and the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A and annual information form available under the Company's profile at www.sedar.com. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation and regulations applicable to the Company, the Company does not intend, and does not assume any obligation, to update this forward-looking information. SOURCE: Gold Terra Resource Corp. Dieser Artikel stammt von Rohstoff-Welt.de
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