Gold Terra Resource Corp: Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold Project
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Gold Terra Intersects 10 85 g/t of gold over 4 35 metres in the Campbell Shear structure on the Newmont Option, Yellowknife City Gold Project, Northwest Territories
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Date and Time: March 17, 2021 03:00 PM Eastern Time (US and Canada)
The 2021 updated mineral resources and its upside potential
The 2021 inferred mineral resource estimate illustrates the growing value of the Yellowknife camp and has opened-up several exploration opportunities to increase mineral resources on the Northbelt property. The Yellowknife camp was developed along the Campbell Shear, the main structure in the belt and host to the largest gold plumbing system of the area on which both the Giant (8 million ounces produced) and Con Mines (6.1 million ounces produced) were developed. Similar to most Archean gold camps in Canada and in the world, numerous gold deposits within the YCG Project may re-establish Yellowknife as a premier mining camp in close proximity to the City of Yellowknife where all the infrastructure is already in place, making the development of these deposits much easier. Specific targets with the potential to increase mineral resources include:
Gold Terra Resource Corp: Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project
24,305,000
1,207,000
The classification of the current mineral resource estimate into an inferred mineral resource is consistent with current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves
All figures are rounded to reflect the relative accuracy of the estimate.
All mineral resources are presented undiluted and in situ and are considered to have reasonable prospects for eventual economic extraction.
Mineral resources which are not mineral reserves do not have demonstrated economic viability. An inferred mineral resource has a lower level of confidence than that applying to a measured mineral resource and an indicated mineral resource. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to def