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Gold Terra Resources Corp.
Summary
| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Sam Otto | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/19/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-5-2020: Gold Terra Resources Corp. announces an Exploration/Drilling Update report for its Sam Otto deposit at the Yellowknife City project. Drilling results incl. 50.6m @ 1.3g/t Au from 269.9m. May 19, 2020, Vancouver, B.C. – Gold Terra Resource Corp. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Joseph Campbell (Internal) | |
| ABSTRACT: | May 19, 2020, Vancouver, B.C. – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTC Pink: TRXXF) (“Gold Terra” or the “Company”) is pleased to announce the results of the remaining six drill holes from Sam Otto (Link to plan view) on its 100% wholly-owned Yellowknife City Gold (“YCG”) project in the Northwest Territories. This concludes the winter drilling program at Sam Otto with 34 holes totaling 9,622 metres. The three holes drilled at Sam Otto Main covered a strike length of 300 metres (100m spacing) and all intersected wide zones of gold mineralization, with two of the holes having the widest greater than 1 g/t gold intersections ever drilled at Sam Otto to date (Link to cross-sections). In addition, these holes were drilled below the current pit constrained inferred resource (based on a US$1,300 gold price) and therefore remains open at depth. The mineralized system is also open along strike to the north as only two shallow holes were drilled (TSO17-021 and 025) and both intersected 10 to 20 metre zones of greater than 1 g/t. The other three holes drilled in the ‘connector’ zone (area between Sam Otto Main and Sam Otto South) did not intersect any significant gold mineralization. | |
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