Expanding gold resources at its Yellowknife City Gold Project
Gold Terra Resource is a junior gold exploration company. They’ve assembled a highly prospective district scale land position on the doorstep of the City of Yellowknife in the Northwest Territories. Furthermore, the Company is focused on expanding and delineating gold resources at the company’s Yellowknife City Gold Project. With ready access to infrastructure and multiple new high-grade gold discoveries, Gold Terra is on track to re-establishing Yellowknife as one of the premier gold mining districts in Canada.
“We have our first resource, 735K ounces. We know where to find more gold and our intention over the next couple of years is two to five million ounces.” says Executive Chairman, Gerald Panneton.
Yellowknife City Gold Project
The Yellowknife City Gold project encompasses 790 km2 of contiguous land within 10 km of the city of Yellowknife. Yellowknife is in fact a major hub for mining in the north. Further, it provides excellent access to infrastructure (air transportation, all-season roads and hydro-electric power) and skilled tradespeople.
The district-size property lies on the prolific Yellowknife greenstone belt. Additionally, it covers over 67 km of strike length on the southern and northern extensions of the shear system. This hosts the Con and Giant gold mines, which have produced over 14 million ounces of gold.
TerraX started exploration activities in 2013 on the initial 37 km2 property and have now assembled a highly prospective district-scale land position, which overall has been relatively unexplored. Since acquisition, TerraX has carried out geological mapping and sampling, geochemical and geophysical surveys, and an extensive compilation of all prior exploration activities, including re-sampling of historic drill core. TerraX’s has completed over 60,000 meters of drilling, mainly focused within a 3 kilometre radius that include the Crestaurum/Barney and the Sam Otto/Mispickel gold deposits.
For more information on Gold Terra Resource Corp. (TSX-V: YGT, OTC Pink: TRXXF) please fill out the form below.