Malibu, CA, Feb 25, 2020 AEST (ABN Newswire) - Gold Terra Resources Corp (
CVE:YGT) (TX0:FRA) (TRXXF:OTCMKTS) is pleased to announce the results of 3 holes from the winter 2020 drill campaign at Sam Otto South.
This drilling is designed to expand mineralized zones identified in the November 2019 NI 43-101 mineral resource report. Highlights include 25 meters of 1.39 g/t gold (including 10.59 meters of 2.48 g/t gold) in hole TSO20-058. In addition, Hole TSO20-53 intersected the main zone with a higher-grade intersection of 2.0 meters of 6.24 g/t gold.
Message from David Suda, President and CEO:
"There is early excitement within our technical team around the first batch of assays from Sam Otto. The identification of a new mineralized structure at Sam Otto South underlines the potential to add ounces to the current inferred resource (see attached level plan 40m asl or -150m below surface). We feel that we are at the beginning of a significant expansion of the Sam Otto Zone with these first results with 5 out of 6 remaining holes showing visible gold still pending assays."
Gold Terra has drilled a further 14 holes, including 3 holes in the Connector Zone between Sam Otto Main and Sam Otto South, and 2 holes that extend the strike of the Sam Otto Main Zone south. Assay results for these holes are pending. The company is approximately halfway through the winter 2020 drilling program.
To view the interview, please visit:
https://www.abnnewswire.net/press/en/100338/ygt
To view the press release, please visit:
https://abnnewswire.net/lnk/9867043Q
About Gold Terra Resource Corp.
Gold Terra Resource Corp. (CVE:YGT) (OTCMKTS:YGTFF) owns a 100% interest in the Yellowknife City Gold ("YCG") Project, encompassing 790 sq km of contiguous land within 12 kilometers of the city of Yellowknife. The Project is located in the prolific Yellowknife greenstone belt, covering 70 kilometers of strike length along the main mineralized break in proximity to the former high-grade Con and Giant gold mines which have produced over 14 million ounces of gold. The YCG Project is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople. On November 4, 2019, Gold Terra announced an Inferred mineral resource of 735,000 ounces of gold for the YCG Project, consisting of a pit constrained Inferred mineral resource of 11.6 million tonnes averaging 1.4 g/t for 523,000 ounces of contained gold and an underground Inferred mineral resource of 1.2 million tonnes averaging 5.7 g/t for 212,000 ounces of contained gold.
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