Gold Terra Resource Corp V.YGT

Alternate Symbol(s): YGTFF

Metals & Mining Gold

Gold Terra Resource Corp. is a junior gold exploration company. It holds a portfolio of gold exploration assets in the mining jurisdictions of the Northwest Territories and New Brunswick. Its Yellowknife Project (YP) encompasses 918 square kilometers of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. The district-size property lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometers of strike length on the southern and northern extensions of the shear system that hosts the Con and Giant gold mines. YP comprises the Northbelt, Southbelt, Eastbelt and Quyta-Bell properties. Its Con Mine Option Property is located beside the City of Yellowknife and adjacent to its 100% owned Yellowknife City Gold Project in the Northwest Territories. It also holds the Mulligan gold project in New Brunswick. It is also focused on its drilling on the prolific Campbell Shear, where over 14 Moz of gold has been produced.

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Post by Crashtestdumby1on Jun 03, 2024 10:37am

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New Article

Gold Terra Resource Looking To Delineate Multi-Million Ounce Deposit At Yellowknife City Gold Project, Just Raised C$2.5M - criticalinvestor.eu

I thought this part of the article gave the timelines:

Catalysts

Although Gold Terra is already backstopped by 1.78Moz Au in resources, the markets still treat it as a binary exploration play for now. Therefore, only solid drill results that could set the company on a path to a deep, economic 1.5Moz Au resource will have impact. As Gold Terra has almost reached its target depth for the master hole, a compelling drill result from hitting the Campbell Shear is an important catalyst. This master hole will then be followed up by a series of directional holes, taking up far less time to be completed and assayed.

Drill results for the master hole 056, expected by the end of June, followed by a summer break
Drill results for the first set of 2-3 directional holes, expected by the end of October
Other catalysts for 2025 and beyond include:

2025 drill program of 5000 to 10,000m aiming for the Campbell Shear high grade target below Con Mine
Winter 2025 drill program of 10,000m aiming at the Campbell Shear near the C1 shaft
Winter 2025 drill program of 10,000m aiming at the Campbell Shear North of town + Zone 14
2025 Updated Resource / PEA (Target +2 Moz at Con Mine)
2026 PFS / FS completion = Production decision