Gold Terra Intersects 5.07 g/t over 8.35 metres including 11.87 g/t gold over 3.08 metres at High- Grade Yellorex Gold Zone, along Campbell Shear Structure, South of Con Mine, NWT
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Gold Terra Intersects 5.07 g/t over 8.35 metres including 11.87 g/t gold over 3.08 metres at High-
Grade Yellorex Gold Zone, along Campbell Shear Structure, South of Con Mine, NWT
October 13, 2021, Vancouver, B.C. – Gold Terra Resource Corp. (TSX -V: YGT; Frankfurt: TX0; OTC QX:
YGTFF) (“Gold Terra” or the “Company” ) is pleased to announce assay results for two holes, GTCM21-
015 and 16, drilled as part of the current 10,000 metre Phase 2 dr illing program at the Company's
optioned property from Newmont Ventures Limited and Miramar Northern Mining Limited (the
"Newmont Option") adjacent to its Yellowknife City Gold Project ("YCG"), NWT. Drill hole GTCM21 -16
intersected 5.07 g/t over 8.35 metres including 11.87 g/t gold over 3.08 metres in a strongly strained
and sericitized portion of the Campbell Shear . Drill hole GTCM21-015 which was drilled to target the
Campbell Shear mineralized zone around 300 metres vertical depth and test the northern exten t of the
zone did intersect visible gold a t 351.60 to 352.60 metres within a zone of intense white quartz and
ankerite veining, followed by a weaker mineralized 13.0 metre zone.
President and CEO , David Suda, commented, “Our drilling results continue to confirm and extend the
potential of the Yellorex zone to add to our current resource of 1.2 million inferred ounces. Both holes
released today continue to confirm the continuity of the Yellorex zone within the Campbell Shear . Our
current drilling is progressing to extend the zone at depth, currently around 500 metres below surface
with hole GTCM21-25 and will continue to test the e xtension of the zone further as our fully funded
program continues. We look f orward to providing investors with a steady news flow as we continue to
test the strike length and depth potential of the Campbell Shear. ”
The Phase 2 drilling program started on July 16th and ten (10) holes have been drilled to date totaling
approximately 4,430 metres. The drilling is testing the Campbell Shear at the Yellorex zone immediately
south of the Con Mine, over a strike length of 1 kilometre and to a depth of 1000 metres. Significant high-
grade gold zones were intersected during the Phase 1 drilling program at Yellorex (14.09 g/t Au over 4.65
metres, see April 6, 2021 press release) and in the first hole of the current Phase 2 program with Hole
GTCM21-014 (4.22 g/t Au over 17.86 metres, see September 7, 2021 press release). The objective of the
drilling is to delineate a high-grade gold mineral resource to add to the Company’s current 1.2 million
inferred ounces (See the technical report, titled "Technical Report on the 2021 Updated Mineral Resource
Estimates, Northbelt Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada"
with an effective date of March 14, 2021, which can be found on the Company's website
at https://www.goldterracorp.com and on SEDAR at www.sedar.com) and ultimately bring the mineral
resources toward economic assessment, and feasibility.
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Drilling Results
A table of drill intersections for holes GTCM21-015 and 16 is shown in Table 1:
Table 1: GTCM21-015 and 16 intersections
DDH # Easting Northing Azimuth Dip From
(m)
To (m) Length
(m)
Au (g/t)
GTCM21-015 635690.7 6922694 107.8 -56.5 351.6 352.6 1.00 3.86
GTCM21-015 357.95 371.63 13.68 1.10
including 365.11 368.19 3.08 2.98
GTCM21-015 386.51 389.60 3.09 2.11
including 386.51 388.26 1.75 3.42
GTCM21-015 401.00 409.77 8.77 1.62
including 403.50 406.93 3.43 3.55
including 403.5 405.43 1.93 5.38
GTCM21-016 635928 6922563.9 117 -53 150.58 158.93 8.35 5.07
including 150.58 153.66 3.08 11.87
Hole GTCM21-015:
The drill hole was designed to intersect the mineralized zone within the Campbell Shear below the depth
of 300 metres vertical. The Campbell Shear structure was intersected from 349.81 to 448.85 metres down
the hole.
Three distinct zones were intersected, suggesting tha t the mineralized system is horse -tailing at that
depth and further north (compared to shallower holes where the mineralization is concentrated in a single
intersection). The mineralized zones consist of strong sericite alteration with stringers of arsenopyrite and
pyrite. Smoky quartz veins with arsenopyrite, stibnite and sphalerite are associated with a higher-grade
assay (11.55g/t Au) between 404.87 and 405.43 metres. Between the mineralized zones, the alteration is
weaker with low anomalous gold values indicating a continuous halo of mineralization over more than 50
metres. At 351.60 to 352.60 metres, visible gold occurs within a zone with intense white quartz and
ankerite veining. Despite several high-grade assays from Gold Terra’s drilling on the Campbell Shear, this
is the first indication of visible gold, which is encouraging since this hole was drilled deeper than previous
holes in this area (GTCM21-003, GTCM21-005 and GTCM21-014).
Hole GTCM21-016:
The drill hole is a shallow hole drilled to test for the potential continuity of mineralization near surface.
The Campbell Shear structure was intersected from 108.65 to 184.25 metres. The sericite alteration is
strong, and the mineralization style is similar to previous high -grade holes, consisting of dense
arsenopyrite and pyrite stringers and smoky quartz veins which returned high-grade values up to 28.2 g/t
Au. Hole GTCM21-016 is an excellent confirmatory hole of the Yellorex zone extending near surface which
may potentially contribute to an additional future resources release in 2022.
The Phase 2 drilling program is concentrating on the Yellorex one and South Con Mine area with a 50 to
100 metre drill spacing along strike and down dip . Compilation work has shown that the strong sericite
alteration and quartz veined gold system is dipping to the west and steeply plunging to the south with an
interpreted plunge length of more than 1.5 kilometres. Drill hole locations are shown in Figure 1. A cross-
section view with drill hole GTCM21-16 is shown in Figure 2.
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Figure 1: Location of holes GTCM21 -15 and 16 on Yellorex Zone
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Figure 2 – Cross section showing the Campbell Shear and drill hole GTCM21-016.
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Figure3– Yellorex Zone longitudinal section
Technical Appendix
This news release reports the assay results from two (2) drill hole of 683.79metres from which 135 core
samples were assays. Assays results range from non-detectable gold to a highest assay of 28.2 g/t Au. The
Company inserts certified standards and blanks into the sample stream as a check on laboratory Quality
Control (QC). Drill core samples are cut b y diamond saw at Gold Terra’s core facilities in Yellowknife. A
halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra
personnel in securely sealed bags to ALS (ALS) preparation laboratory in Yellowknife. A fter sample
preparation, samples are shipped to ALS’s Vancouver facility for gold analysis. Gold assays of >3 g/t are
re-assayed on a 30 g split by fire assay with gravimetric finish. Samples with visible gold are additionally
assayed using a screen metallic method. ALS is a certified and accredited laboratory service. ALS routinely
inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported.
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Drill holes were drilled at right angles to the structure hosting the mineralization and dip angles of holes
were designed to intersect the zones as close to normal as possible. Zones reported here are interpreted
to be Approximately 90 percent true thickness.
The technical information contained in this news release has been reviewed and approved by Joseph
Campbell, Chief Operating Officer, a Qualified Person as defined in National Instrument 43-101 - Standards
of Disclosure for Mineral Projects.
About Gold Terra’s Yellowknife City Gold Project
The YCG project encompasses 800 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 kilomet res 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.
The YCG lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilomet res 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 which reinforces the Company's objective of
re-establishing Yellowknife as one of the premier gold mining districts in Canada.
Visit our website at www.goldterracorp.com.
For more information, please contact:
David Suda, President and CEO
Phone: 604-928-3101 | Toll-Free: 1-855-737-2684
Mara Strazdins, Manager of Investor Relations
Phone: 1-778-897-1590 | 604-689-1749 ext 102
Neither the TSX Venture Exchange nor its Regulation Services Provi der (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain statements made and information contained in this news release constitute "forward -looking
information" within the meaning of applicable securities legislation (" forward-looking information ").
Generally, this forward-looking information can, but not always, be identified by use of forward -looking
terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of
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"could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations
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All statements other than statements of historical fact may be forward -looking information. Forwar d-
looking information is necessarily based on estimates and assumptions that are inherently subject to
known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance, or achievements of the Company to be materially different from those expressed
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or implied by such forward-looking information. In particular, this news release contains forward-looking
information regarding the current drilling on the Campbell Shear on the Newmont Option potentially
adding high grade ounces to the Company’s current YCG mineral resource, future planned drilling on the
Newmont Option area and the Company's objective of re-establishing Yellowknife as one of the premier
gold mining districts in Canada.
There can be no assurance that such statements will prove to be accurate, as the Company's actual results
and future events could differ materially from those anticipated in this forward-looking information as a
result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A and
annual information form available under the Company's profile at www.sedar.com.
Although the Company has attempted to identify important factors that would cause actual results to
differ materially from those contained in forward -looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. The forward-looking information contained
in this news release is based on information available to the Company as of the date of this news release.
There can be no assurance that such statements will prove to be accurate, as actual results and f uture
events could differ materially from those anticipated in such statements. All of the forward -looking
information contained in this news release is qualified by these cautionary statements. Readers are
cautioned not to place undue reliance on forward -looking information due to the inherent uncertainty
thereof. Except as required under applicable securities legislation and regulations applicable to the
Company, the Company does not intend, and does not assume any obligation, to update this forward -
looking information.