Cost and Time-Saving Approach
On the Con Mine Option property, Gold Terra Resource (TSX.V: YGT, FSE: TX0, WKN: A2P0BS) has resumed the deep drilling program that began last year as planned. With drill hole GTCM23-055, not only was the extension of the high-grade Campbell Shear Zone intersected about 200 meters below the historical Robertson Shaft, but Gold Terra Resource has also designed the drill hole to serve as a master hole for subsequent drilling.
This step saves time and money, as it is not necessary to drill the approximately 1,700 meters from the surface to the deepest point of the Robertson Shaft for each new hole. Instead, cost-effective branches can be made from the master hole GTCM23-055.
The next drill hole will now be positioned to create a wedge. This will test an interesting area about 75 meters north of the first intersection. Additional branches will be drilled afterward, as Gold Terra Resource’s declared goal is to demonstrate that the high-grade mineralization at Con Mine Option continues even below the historical mine.
The First Branch Drill Has Already Reached the Shear Zone
If future drilling succeeds in providing this evidence, the market will inevitably have to reconsider the valuation of Gold Terra Resource, as the Con Mine produced a total of 5.1 million ounces of Gold during its active period, with ore that had an average grade of 16 g/t gold.
Gold Terra Resource naturally wants to build on this historical success by demonstrating additional ore with high gold grades below the existing underground infrastructure. The new drill hole GTCM23-055A, which is now being drilled, begins at a depth of 1,641 meters and, as already indicated, targets a section 75 meters further north. The shear zone was reached within the branch hole at a depth of 2,058 meters, and currently, the drill bit has advanced to a depth of 2,105.5 meters.
