on Gold Terra Resource Corp (isin : CA38076F1053)
Gold Terra Launches 2025 Drilling Program at Con Mine Property
Gold Terra Resource Corp has commenced its 2025 drilling program. This initiative targets high-grade gold in the Campbell Shear on the Con Mine Option Property in the Northwest Territories. The master hole GTCM24-056 drilled to 3,002 meters will serve as the starting point for wedge hole drilling. This method allows efficient exploration 600 meters below the Robertson shaft depth.
The goal is to locate gold deposits beneath the historic Con Mine workings, potentially expanding the mineral resource estimate. The Con Mine Option is under a deal with Newmont Corporation, which Gold Terra can fully acquire upon meeting specific terms.
Gerald Panneton, Chairman and CEO, anticipates that this program will optimally assess the deeper parts of the Campbell Shear, an area rich with historical gold production. The plan involves drilling 5 to 7 wedge holes, each around 3,000 meters long, beginning on January 10, 2025.
R. H.
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