Gold Terra Resource Corp.

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

Company Data

Introduction

Gold Terra Resource Corp. is a junior gold exploration company drilling to expand its gold mineral resources in Yellowknife, NWT, Canada.

The Yellowknife Project (YP) encompasses 918 sq. km of contiguous land immediately north, south and east of the 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 YP 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 (CS), where approximately 14 million ounces of gold (grading 16-22 g/t) has been produced (refer to Gold Terra Oct 21, 2022, Technical Report), and most recently on the Con Mine Option (CMO) property claims immediately south of the past-producing Con Mine which produced 6.1 Moz between the Con, Rycon, and Campbell shear structures (1938-2003).

The YP and CMO properties lie on the prolific Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that hosts 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 which reinforces the Company’s objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

A Golden Investment Opportunity at < $10 /oz

• Safe Canadian Jurisdiction with Mining friendly Infrastructure and Green Power
• Con Mine Option / Brownfield Project with existing Mining Lease
• DISTRICT SCALE with land position (over 910 sq km) covering 70 kilometers of the High-Grade Campbell Shear (14 Moz produced)
• Current deep drilling proves the extension of high-grade Campbell Shear mineralization 200m below the Con Mine workings where hole GTCM23-055 returned 12.73 g/t Au over 1.7m within 2.9 g/t Au over 8.2m
• Controls one of six largest high-grade mining camps in Canada
• Large unexplored Archean greenstone belt over the last few years could yield multiple discoveries near town (DDH 22-14: 31 g/t over 3m)
• Experienced mine building management (Barrick / Detour Gold)
• Commitment to Environmental, Social & Governance (ESG)
• Gold Terra is the recipient of the 2023 NWT MAX Environmental and Social Responsibility Award in recognition of exceptional efforts in supporting the 2023 NWT wildfire efforts
• Upcoming Catalysts:
• Updated Mineral Resource Estimate (MRE) after current programs
• Deep Drilling Target below Con Mine Underground Workings
• Followed up by Preliminary Economic Assessment (PEA)

EXPLORATION

Con Mine Option Property, Northwest Territories

In November 2021, Gold Terra entered into an Option Agreement with Newmont to Purchase 100% of Miramar Northern Mining's Past Producing High-Grade Gold Con Mine at Yellowknife, NWT. The former Con Mine is a world-class gold deposit and part of the prolific Yellowknife mining camp where 6.1 M ounces of high-grade gold were recovered from the underground operation encompassing both the Con Shear and Campbell Shear. The Con Mine Option Property has added to the Company’s large land holdings a key piece of ground with excellent potential along the Campbell Shear to add high-grade gold resources.

• The Con Mine Option Property is located beside the City of Yellowknife and adjacent to the Company's 100% owned Yellowknife Project in the Northwest Territories.
• Surface mining lease
• Historical (Reserves + M+I) 650,000 ounces @ 11 g/t Au left in the Con Mine as of 2002 on closing
• Water treatment Plant built in 2015
• Underground infrastructure in place including the deep Robertson shaft (1,950 metres) with a 2000-ton-per-day capacity

Combined 1.8-Million Ounces Discovered on 918 sq. km Land Package:

• The Con Mine Option Property initial September 2022 Mineral Resource Estimate includes three near surface gold deposits – Yellorex Main, Yellorex North, and Kam Point:
• Underground Indicated 0.45 million tonnes averaging 7.55 g/t Au for 109,000 ounces of contained gold
• Underground Inferred of 2.0 million tonnes averaging 6.74 g/t Au for 432,000 ounces of contained gold
• March 2021 Mineral Resource Estimate of 1,207,000 inferred ounces on the Yellowknife Project, in 4 satellite deposits with Crestaurum open pit @ 6 g/t Au
• 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

New High-Grade Zones – Mispickel Area – North Belt

• 19 holes for total of 6,011 metres completed in 2022 (Not included in the last 2022 MRE)
• Extended gold mineralization in the Mispickel area with the addition of two new gold zones, MP-Ryan and Zone 14
• GTWL22-002: 19.00 g/t gold over 4.0 metres @ 20m down the hole (73.9 g/t over 1.0 metre)
• GTWL22-004: 7.63 g/t gold over 3 metres including 22.5 g/t Au over 1 metre
• GTWL22-0014: 31.89 g/t gold over 3 metres including 69.4 g/t Au over 1 metre

Deep Drilling

Gold Terra’s first deep drill hole, GTCM23-055, was a success in confirming gold mineralization 200 metres below existing underground workings at a downhole depth of 2,075 to 2,135 metres and extending the Campbell Shear (CS) with an excellent high-grade intersection of 12.73 g/t Au over 1.7 metres.

The objective of the 2025 wedge hole drilling program is to continue testing for high-grade gold in the Campbell Shear (CS) on the Con Mine below the historic Con Mine underground workings.

Achieving the + 2 Moz Threshold

• Drilling the Campbell Shear on the Con Mine Option Property:
• Surface to -700m depth south of the C1 shaft access
• At depth below the Robertson shaft (-1900m to -2600m) using master hole GTCM24-056 to wedge and test the 1-2 Moz potential window

On February 27, 2025, Gold Terra reported that the 2025 control drilling is progressing well on the Con Mine Option (CMO) Property. The first steel wedge hole GTCM25-056A, designed to target the prolific Campbell Shear (CS) from master hole GTCM24-056, was set at 1,950 metres downhole and has now reached approximately 2,162 metres depth in mafic volcanics. It is anticipated to intersect the CS at approximately 2,600 metres downhole and approximately 600 metres below the underground mine workings.

Management

Management and Directors

Gerald Panneton, Chairman & CEO

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

Mark T. Brown, Chief Financial Officer

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

Paul Bonneville, Director

Mining engineer with over 30 years of experience

Louis Dionne, Senior Technical Advisor

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

Joe Campbell, Senior Technical Advisor

Founder of Gold Terra (formerly TerraX) and 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

David Suda, Advisor

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

Patsie Ducharme, CPA, CGA, Director

Laurie Gaborit, Director

Hellen Siwanowicz, Director

News Update

On April 11, 2025, Gold Terra Resource Corp. has closed the first tranche of a non-brokered financing as previously announced on March 31, 2025, for total gross proceeds of $1,843,000. Under the first tranche, the company issued 15.86 million common shares of the company at an issue price of five cents per share for gross proceeds of $793,000 and 15 million charitable flow-through common shares of the company at an issue price of seven cents per CFT share for gross proceeds of $1.05-million charitable flow-through. The CFT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

Gross proceeds from this financing will be used by the company primarily to continue the drilling program on the Con mine option property and for general working capital purposes.

In addition to the closing of the financing at $2-million or more, Osisko Gold Royalties Ltd. has elected to early exercise the first tranche of its royalty option for a 2-per-cent net smelter return royalty on Gold Terra's Yellowknife property in exchange for a cash payment of $2-million.

On March 31, 2025, Gold Terra Resource Corp. has arranged a non-brokered financing of $2.4-million consisting of hard-dollar and charitable flow-through securities. The company expects to raise gross proceeds of $1-million from the issuance of 20 million common shares of the company at an issue price of five cents per share, and gross proceeds of $1.4-million from the issuance of 20 million charitable flow-through common shares of the company at an issue price of seven cents per CFT share. The CFT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

In addition to the closing of the financing of $2.4-million, Osisko Gold Royalties Ltd. has elected to early exercise the first tranche of its royalty option for a 2-per-cent net smelter return royalty on Gold Terra's Yellowknife property in exchange for a cash payment of $2-million. Gold Terra's cash balance will then increase to $4.4-million less finders' fees.

The financing is expected to close on or about April 11, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange.

Gerald Panneton, chairman and chief executive officer, commented: "We are pleased to offer this opportunity to investors to participate in this proposed financing for a total of $2.4-million and thank the continued support of existing shareholders such as Eric Sprott and Ingalls Snyder, and many others. Moreover, concurrent with this financing, the decision by Osisko Gold Royalties to early exercise its first 2-per-cent NSR is a huge endorsement of our strategy of advancing our high-grade gold assets in the Northwest Territories towards potential production. The proceeds raised will allow us to continue our drilling program on the Con Mine option property. The former Con mine produced 5.1 Moz of gold at an average grade of 16 g/t and was historically one of the richest high-grade gold mines in Canada."

February 27, 2025, Gold Terra Wedge Drilling Progressing Well at High-Grade Gold target, Campbell Shear, Con Mine Option Property, NWT

https://goldterracorp.com/news/gold-terra-wedge-drilling-progressing-well-at-high-9967/

January 17, 2025, Gold Terra Announces Participation at Vancouver Resource Investment Conference, Booth 316, and Grants Stock Options

https://goldterracorp.com/news/gold-terra-announces-participation-at-vancouver-re-9884/

January 10, 2025, Gold Terra Announces Start of 2025 Drilling Program Targeting High-Grade Gold in the Campbell Shear, Con Mine Option Property, NWT

https://goldterracorp.com/news/gold-terra-announces-start-of-2025-drilling-progra-9865/

  Disclaimer

Copyright (c) 2000 - 2025 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印