Potential for high grade to be confirmed
On the Con Mine Option property, Gold Terra Resource (TSX.V: YGT, FSE: TX0, WKN: A2P0BS) has resumed the deep drilling program started last year, as planned. Drill hole GTCM23-055 not only intersected the extension of the high-grade Campbell Shear Zone approximately 200 metres below the historic Robertson Shaft, but Gold Terra Resource also drilled the hole in such a way that it can now serve as a master hole for follow-up drilling.
This step saves time and money, as the approximately 1,700 metres from the surface to the deepest point of the Robertson Shaft do not have to be re-drilled each time, but instead „branches“ can be drilled out from the master hole GTCM23-055 at lower cost.
The next borehole is now drilled in such a way that a wedge is created. It will be used to test an interesting location around 75 metres north of the first section. Further offshoots will be drilled subsequently as it is Gold Terra Resource’s stated objective to demonstrate that the high-grade mineralisation at Con Mine Option continues below the historic mine.
The first diversion hole has already reached the shear zone
If future drilling succeeds in providing this evidence, the market will inevitably have to rethink the valuation of Gold Terra Resource, as the Con Mine produced a total of 5.1 million ounces of gold during its active life, with ore averaging 16 g/t gold.
Gold Terra Resource is naturally keen to build on this historic success by proving up further ore with high gold grades below the existing underground infrastructure. The new hole GTCM23-055A, which is now being drilled, starts at a depth of 1,641 metres and, as already indicated, targets an intercept 75 metres to the north. The shear zone was reached within the branch hole at a depth of 2,058 metres and currently the drill head has advanced to a depth of 2,105.5 metres.
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