Gold Terra's Drill Hole Nears Campbell Shear at Con Mine Option Property

VANCOUVER, BC / ACCESSWIRE / May 22, 2024 / Gold Terra Resource Corp. (TSXV:YGT);(Frankfurt:TX0);(OTCQX:YGTFF) has announced a significant milestone in its drilling campaign. Drill hole GTCM24-056, which targets the Campbell Shear on the Con Mine Option Property, has reached a depth of 2,265 metres. The target depth is approximately 2,600 metres, further exploring 600 metres below historic Con Mine workings.

Gerald Panneton, Chairman and CEO, expressed satisfaction with the progress, noting the potential to open up a large, under-explored area. The company plans to follow up with selective wedge holes from GTCM24-056, aiming to extend the high-grade mineralization cost-effectively.

The drilling has already revealed gold mineralization with assays up to 13.90 g/t Au over 0.60 metres within the hanging granite wall of the Con Shear. This indicates strong potential for further discoveries as work progresses.

The Con Mine Option Property, under option from Newmont Corporation, could be fully acquired by Gold Terra upon meeting certain conditions in their agreement. The 2024 deep drilling program aims to expand the initial resource estimate of 109,000 ounces of indicated gold and 432,000 ounces of inferred gold.