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Gold Terra Resource Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 410 – 325 Howe Street
Vancouver, BC
Canada V6C 1Z7
Tel No.: 604-689-1749
Toll Free No.: 1-855-737-2684
Web Site: www.goldterracorp.com
E-mail: strazdins@goldterracorp.com
Contact Person: Mara Strazdins
Position: Manager of Investor Relations


Company Data

Traded Market: TSX-V | OTCQX | Frankfurt
Traded Symbol: YGT | YGTFF | TXO
Outstanding Shares: 218.2 million
52 Week High: $ 0.31
52 Week Low: $ 0.16
Present Price: Click Here


Introduction

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Gold Terra Resource Corp. is a junior gold exploration company that has assembled a highly prospective district scale land position on the doorstep of the City of Yellowknife in the Northwest Territories. The Company is currently focused on expanding and delineating gold resources at the Company's Yellowknife City Gold Project. With ready access to infrastructure and multiple new high-grade gold discoveries, Gold Terra is on track to re-establishing Yellowknife as one of the premier gold mining districts in Canada.

Gold Terra received the Northwest Territories MAX Award for Environmental and Social Responsibility in 2017.

Con Mine Strategic Acquisition

November 19th 2021 – C$1.5M Strategic Investment and Option Agreement with Newmont to purchase 100% of the past producing high-grade Con Gold Mine.


FLAGSHIP PROJECT

Yellowknife City Gold Project, Northwest Territories

The Company's 100%-owned Yellowknife City Gold (YCG) project encompasses 800 sq. km of contiguous land right next to city of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade gold camps in Canada. Being within 10 kilometres of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power and skilled tradespeople.

Gold Terra is currently focusing its drilling on the prolific Campbell shear, where 14 million ounces of gold have been produced, and most recently on the Con mine option claims immediately south of the past-producing Con mine (1938 and 2003).

The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that host the former-producing high-grade Con and Giant gold mines.

The Company's exploration programs have successfully identified significant zones of gold mineralization and multiple targets that remain to be tested, reinforcing the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

Yellowknife Gold Belt

Exceptional 800 sq. km Land Package in One of Canada's Major Gold Districts

Project on same trend as two of the highest-grade gold mines in Canada

  • Giant Mine – 8.1 Moz at +0.6 oz/t (22 g/t Au)
  • Con Mine – 6.1 Moz at +0.5 oz/t (15 g/t Au)

Option Agreement with Newmont to purchase former Con Mine

  • Multiple High-Grade Targets on Campbell Shear
  • Con Mine historical un-mined reserves remain, along with other unexplored high-potential areas

High potential for additional new discoveries with many targets

  • Gold, silver and polymetallic targets

Close to City of Yellowknife

  • Excellent Infrastructure

Campbell Shear High Priority Target

Approximate 70 km prospective trend relatively untested north and south of former producing high-grade Giant & Con Mines

  • The Campbell Shear extends South of the Con Mine for many kilometres
  • Historical drilling has outlined known mineralization for more than 10km south of the Con Mine
  • Known resources in Yellorex and Kam Point North zones to shallow depth
  • Hole KA-006 drilled in 1961 intersected 8.23 g/t over 7.8 metres at -110m depth (see June 2, 2020, press release)

Yellorex Zone – Campbell Shear Drilling Results

  • Hole GTCM21-003 intersected 10.85 g/t Au over 4.35 metres including 25.4 g/t Au over 1.55 metres;
  • Hole GTCM21-005 intersected 5.77 g/t Au over 12.35 metres including 14.09 g/t Au over 4.65 metres;
  • Hole GTCM21-014 intersected 5.22 g/t over 17.86 metres including 11.2 g/t gold over 4.57 metres confirming the plunge continuity of the high-grade shoot;
  • Hole GTCM21-016 intersected 5.07 g/t over 8.35 metres including 11.87 g/t gold over 3.08 metres;
  • Hole GTCM21-022 intersected two (2) exceptional zones of:
    • 19.74 g/t Au over 5.44 metres at 273.34 metres
    • 4.16 g/t g Au over 11.23 metres including 10.12 g/t over 3.73 metres at 251.77 metres
  • Zone remains open at depth and along strike

2021 Updated Mineral Resource

  • March 2021 mineral resource estimate of 1,207,000 inferred ounces:
    • Open pit constrained Inferred mineral resource of 21.8 million tonnes averaging 1.25 g/t for 876,000 ounces of contained gold, and an
    • Underground Inferred mineral resource of 2.55 million tonnes averaging 4.04 g/t for 331,000 ounces of contained gold.
  • A 64% increase to the November 2019 mineral resource estimate:
    • Open pit: shallow high-grade starter pit at Crestaurum
    • Underground: Inferred 153,000 oz defined along strike length of 1.2km over widths of 2-15m and to depth of ~200m

Catalysts and Next Steps

2021:

Increased Mineral Resource

  • Current mineral resource of 1,207,000 Inferred Ounces

Resource Expansion – Yellorex Zone Drilling

  • 2021 – completed 12,691 metres in 26 holes immediately south of the former Con Mine; successfully expanded the Yellorex Zone

2022:

Con Mine Drilling

  • 2022 drill program of approximately 40,000 metres south of the former producing Con Mine and the extension of the Campbell Shear
  • Resource update by year-end

2023:

Preliminary Feasibility Study (PFS) and Baseline Studies

  • Based on current drilling success and next winter program on the Campbell Shear

2024:

Feasibility Study (FS)

  • Potentially move project into the development stage


Management

Management and Directors

Gerald Panneton, CEO & Executive Chairman

Geologist with over 35 years of Canadian and international experience

Founder, President and CEO of Detour Gold Corporation (2006-2013)

Detour Lake project grew to over 16 million ounces in reserves and was brought into production in just over six years. Detour Gold was sold for C$4.9B

Raised $2.6 billion in capital while at Detour Gold

Recipient of the PDAC 2011 Bill Dennis Award

12 years at Barrick Gold (1994-2006): advanced Tulawaka and Buzwagi gold mines in Tanzania to production

Joe Campbell, Chief Operating Officer & Founder

Professional geologist with over 40 years of experience (mainly with Noranda and Western Mining Corp.)

Discovered Meliadine (Nunavut) which sold to Agnico Eagle for $700 M in 2010

Mark T. Brown, Chief Financial Officer

30 years of financial experience; President of Pacific Opportunity since 1997; Founder of Rare Element Resources Ltd.

David Suda, Advisor

Financial services professional with 11 years of experience in capital markets including sales, trading, investment banking and corporate strategy

Louis Dionne, Director

Mining engineer with over 35 years of experience (over 20 years at Barrick Gold)

Former Director of Detour Gold and Aurizon Mines

Former President and CEO of Richmont Mines

Patsie Ducharme,特許專業會計師,註冊會計師,董事

Laurie Gaborit,董事

Stuart Rogers,董事

Hellen Siwanowicz,董事


News Update

On October 05, 2022, Gold Terra Resource Corp. has released new trenching results from its 2022 summer surface sampling program on the Mulligan property, located in Restigouche county, New Brunswick, 100 kilometres west of Bathurst. Summer work consisted of trenching and sampling on two areas with previously reported gold and silver mineralization referred to as trench 1 and trench 2. Channel sampling returned very positive results, including up to 32.9 grams per tonne gold (Au) and 579 g/t silver (Ag) in trench 1, indicating a potential hydrothermal system that extends at least 700 metres long by possibly 20 metres between the trenches, and is open in all directions.

On September 07, 2022, Gold Terra Resource Corp. announced the initial Mineral Resource Estimate ("MRE") on the Con Mine property, which is under option from subsidiaries of Newmont Corporation and acquirable by the Company upon fulfillment of certain conditions set out in the option agreement (the "Con Mine Option Property"), and located adjacent to the Company's 100% owned Yellowknife City Gold project (the YCG Project") in the Northwest Territories.

The Company's initial MRE on the Con Mine option Property is comprised of an underground mineral resource of 109,000 gold ounces in the Indicated category and 432,000 ounces of gold in the Inferred category. In addition, the Company has 1.2 Moz inferred resources (see March 31, 2021 Technical Report) on their adjacent 100% owned YCG property. This extensive land package is close to the City of Yellowknife with all its extensive existing infrastructure.

On August 31, 2022, Gold Terra Resource Corp. has reported excellent gold recovery from its initial metallurgical tests on the Yellorex zone part of the Campbell shear. The Yellorex zone is located approximately two kilometres south of the former producer, the Con mine, which is under option from Newmont Corp. The Yellorex zone is adjacent to the company's 100-per-cent-owned Yellowknife City gold project, Northwest Territories. Highlights:

  • Total gold recovery of 92.1% achieved in our first testwork in the high-grade composite samples of 10 grams per tonne gold, after flotation concentrate, pressure oxidation (POX) and cyanide leach;
  • Excellent gold assays reporting up to 98.8 per cent of gold in the flotation concentrate with close to 7 per cent sulphide content;
  • Results provide Gold Terra with two potential product paths for Yellorex mineralization, either to:
    • Produce a saleable concentrate, or;
    • Produce gold on site through the POX process.

On August 25, 2022, Gold Terra Resource Corp. has released final assay results for all 19 drill holes, totalling 6,011 metres, drilled in the Mispickel area, including a higher-grade rerun assay for hole GTWL22-004, with reported visible gold (VG) and assay results for the remaining 11 holes of the program. The 2022 drilling program has successfully extended gold mineralization in the Mispickel area with the addition of two new gold zones, MP-Ryan and zone 14. Gold Terra plans to return to the area next winter with more drilling to infill and extend the three high-grade zones identified to date. The Mispickel area and multiple high-grade zones are open in all directions.

Highlights include hole GTWL22-017, which intersected 5.17 grams per tonne gold over three metres from 320 metres to 323 metres, and an updated rerun assay result for hole GTWL22-004, which returned 9.36 g/t Au over three metres from 57 metres to 60 metres, including the sample containing the visible-gold-bearing vein, which graded 27.7 g/t Au over one metre.

On June 27, 2022, Gold Terra Resource Corp. has released assay results of GTCM22-037, which was designed to test the Campbell shear at a depth of 1,000 vertical metres. GTCM22-037 intersected the Campbell shear as planned with the main zone carrying of 1.60 g/t gold (Au) over 14.57 metres, including two gold zones of 1.97 g/t Au over 6.50 metres from 1,263.30 to 1,269.80 metres and 2.00 g/t Au over 4.50 metres from 1,256.08 to 1,260.58 metres.

On June 13, 2022, All matters submitted to the shareholders for approval as set out in Gold Terra Resource Corp.'s notice of meeting and information circular, mailed to shareholders in connection with the meeting, were approved at the company's annual general and special meeting, held in Vancouver, B.C., on June 7, 2022.

On June 07, 2022, Gold Terra Resource Corp. has released assay results for three additional drill holes, GTCM22-004, 008 and 014 designed to expand high-grade mineralization in the Mispickel area. Drilling continues to extend gold mineralization in the new high-grade MP-Ryan zone, a second zone situated west of the main Mispickel area that has the potential to add ounces to the original Mispickel zone, with both zones near surface. To date, the company has released eight holes out of the 19-hole winter program which totals 6,011 metres. Significant intersections for the three holes in the MP-Ryan zone include:

  • GTWL22-014 -- intersected 31.89 grams per tonne gold over three metres including 69.4 g/t Au over one metre;
  • GTWL22-004 -- intersected 7.63 g/t gold over three m, including a visible gold-bearing vein which returned 22.5 g/t Au over one m;
  • GTWL22-008 -- intersected 4.17 g/t Au over six m, including 11.35 g/t Au over one m, and including 11.8 g/t Au over one m.

On April 6, 2022, Gold Terra Resource Corp. has released assay results for three holes to test the Yellorex zone, Yellowknife, NWT. Drill hole GTCM22-030 intersected 6.41 g/t gold over 26.50 metres, including 9.05 g/t over 4.00 metres, 10.66 g/t gold over 3.0 metres and 14.15 g/t gold over 5.50 metres.

Chairman and chief executive officer Gerald Panneton commented: "The latest drilling on the Yellorex zone was completed in preparation for our updated mineral resource estimate by year-end as the core from hole 30 will be used for metallurgical testing. Our updated mineral resource estimate is expected to add ounces from the Yellorex zone."

On March 22, 2022, Gold Terra Resource Corp. has released partial assay results in drill hole GTWL22-002, which intersected 19 g/t gold over four metres, including 73.9 g/t gold over one metre, in the Mispickel area. Drilling continues to extend the new high-grade MP-Ryan zone at least 200 metres north of the main Mispickel area. The hole is part of a small winter drill program in the northern part of the Company's Yellowknife City gold project.

On March 15, 2022, Gold Terra Resource announced assay results of a near surface mineralized zone in drill hole GTCM22-029 which intersected 3.61g/t gold over 4.55 metres including 15.75 g/t over 0.75 metres at 30 metres vertical depth on the Con Mine Property. The 2022 drill program is well underway with four drills turning. The Company is reporting a new discovery on the Con shear in the hanging wall of the Campbell Shear.


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