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Gold Terra Resource Corp: Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold Project

Gold Terra Resource Corp: Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold Project
Phone: 1-778-897-1590 | 604-689-1749 ext 102
Strazdins@goldterracorp.com
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.

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Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold Project

Gold Terra Announces Filing of Technical Report for 64% Increase to Mineral Resource Estimate at Yellowknife City Gold Project
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Snowpiercer season 3 release date: Latest news on Netflix series

Snowpiercer season 3 release date: Latest news on Netflix series
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Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project

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:

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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

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 define these inferred mineral resources as a measured mineral resource or an indicated mineral resource and it is uncertain if further exploration will result in upgrading the inferred mineral resource to a measured mineral resource or an indicated mineral resource.

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Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project

Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project
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Gold Terra ups Yellowknife City inferred resource to 1.2moz

Gold Terra ups Yellowknife City inferred resource to 1.2moz
Drilling at Yellowknife City. Credit: Gold Terra Resource
An updated resource estimate from Gold Terra Resource (TSXV: YGT) for its Yellowknife City gold project in the Northwest Territories features a combined open-pit and underground inventory of 24.3 million inferred tonnes grading 1.54 g/t gold, containing 1.2 million gold oz.
The latest resource incorporates an additional 17,540 metres of drilling completed last year at the Crestaurum and Sam Otto deposits and higher gold price assumptions (and lower cut-off grades) when compared with the 2019 inferred resource of 12.8 million tonnes at 1.79 g/t gold, host to 735,000 oz. Both estimates feature the Crestaurum, Sam Otto, Barney and Mispickel deposits with both an open pit and underground mining component. The four are within a three-km radius.

Yellowknife , Northwest-territories , Canada , Sam-otto , David-suda , Yellowknife-city , Gold-terrra , யெல்லோனைஃப் , வடமேற்கு-பிரதேசங்கள் , கனடா , சாம்-ஒட்தோ

Gold Terra ups Yellowknife City inferred resource to 1.2M oz - Canadian Mining Journal

Gold Terra ups Yellowknife City inferred resource to 1.2M oz - Canadian Mining Journal
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Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project

Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project
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United-states , Northwest-territories , Canada , Yellowknife , Adelaide , South-australia , Australia , Vancouver , British-columbia , Canadian , Allan-armitage , Sam-otto-dave

Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project

Gold Terra Announces Significant Increase of 64% for the Inferred Mineral Resource to 1,207,000 Ounces at its Yellowknife City Gold Project
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