Gold Terra Resource Corp. Discusses Phase II Drilling Program for Their Yellowknife City Gold Project with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - July 26, 2021) - The Stock Day Podcast welcomed Gold Terra Resource Corp, (OTCQX: YGTFF) ("the Company"), a company that controls one of the six major high-grade gold camps in Canada. CEO of the Company, David Suda, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's current drill program, which will be entering Phase II this month. "We're still on the doorstep of five plus million ounces of historic production," said Suda. "We've been able to make a great partnership with Newmont to work that ground and hopefully make a new discovery there," he continued. "As we progress here, we're really looking forward to some assay results here in a few weeks."
"You believe you're sitting on millions of ounces of gold?" asked Jolly. "We have no reason not to," said Suda, elaborating on the area's history of production. "We strategically and carefully entered into an agreement with Newmont to drill on the structures that produced all of that gold," he shared. "This winter we drilled along the trend that had produced all that gold and we saw results."
"Could you elaborate on how your relationship with Newmont Gold came about?" asked Jolly. "Newmont owns the past-producing Con Mine," explained Suda. "We control 800 square kilometers but we wanted to zero in on the area that had the most potential," he said. "In order to do that, we had to reach out to Newmont," said Suda, adding that the Company eventually offered to partner with Newmont on the project. "We were able to come to a mutually beneficial deal and here we are drilling on it."
"Could you tell us about the Phase II drilling program?" asked Jolly. "We're really excited," said Suda, noting their Phase I success. "We took those results, analyzed them carefully, and decided we were going to go and drill with a little bit tighter spacing and deeper holes," he explained. "We're going to aim to drill about 10,000 meters, which will comprise roughly twenty holes," said Suda. "We're well into our first hole as we speak."
"If the Yellorex zone delivers good assay results, where do we go from here?" asked Jolly. "We will focus there and around that area and continue to step out to the next Yellorex, so to speak, but our primary focus right now is to keep chasing the success that we saw earlier this year."
Jolly then asked about the Company's valuation in comparison to the potential of their gold project. Suda shared that despite the Company's agreement with Newmont and an increasing mineral resource, they remain at the same valuation as last year. "Isn't that an opportunity?" asked Suda, adding that the Company has commenced drilling and is well funded.
To close the interview, Suda encouraged listeners to keep up-to-date on the Company's current project, and consider their investment potential as they continue to move forward with their drill programs. "We're in a real camp that has had great success in the past, we've got a team that has had a tremendous amount of success, and we plan to have success in the future."
To hear David Suda's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7911488-gold-terra-resource-corp-discusses-phase-ii-drilling-program-for-their-yellowknife-city-gold-pro.
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 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.
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 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 Provider (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 such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof.
All statements other than statements of historical fact may be forward-looking information. Forward-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 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 future 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.
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