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| Project: | Yellowknife City | |
|---|---|---|
| Deposit: | Sam Otto South | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/24/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-2-2020: Gold Terra Resources Corp. announces an Exploration/Drilling Update report for its Sam Otto South deposit at the Yellowknife City project. Drilling results incl. 25m @ 1.39g/t. Vancouver, B.C. – Gold Terra Resources Corp (TSX-V: YGT; Frankfurt: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Joseph Campbell (Internal) | |
| ABSTRACT: | Vancouver, B.C. – Gold Terra Resources Corp (TSX-V: YGT; Frankfurt: TX0; OTC Pink: TRXXF) is pleased to announce the results of 3 holes from the winter 2020 drill campaign at Sam Otto South. (Figure 1) This drilling is designed to expand mineralized zones identified in the November 2019 NI 43-101 mineral resource report. Highlights include 25 metres of 1.39 g/t gold (including 10.59m 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 2.0m 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.” | |
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