Phoenix, Arizona–(Newsfile Corp. – April 6, 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 potential of the Company’s Yellowknife City Gold (YCG) project located in the Northwest Territories. Suda shared that the YCG project encompasses a significant area in the Northwest Territories, allowing for numerous opportunities and targets. “Most significantly, the project is on the doorstep of serious past production,” shared Suda. “It’s one of the most prolific regions in the world with over 13 million ounces from two high-grade mines in the camp, and it’s right next to a city,” he explained. “We’re currently focused on exploring for gold on the extension of that past production.”
“Could you tell us about the recent increase in your mineral resource estimates?”, asked Jolly. “We’re super excited to show the market that we can put a plan in place and start to deliver results,” said Suda. “We came back with an increase of 64%; we went from 735,000 ounces of inferred mineral resource to 1.207 million ounces.”
“We went out and worked on an agreement with Newmont, who owned the former Con Mine, in order to work towards establishing our next big target, which we are currently drilling. That will hopefully be the next addition to our resource when we update it in the future,” continued Suda.
“Where are we at currently with the drilling program for the Campbell Shear zone?”, asked Jolly. “We have drilled about twelve initial holes on the Campbell Shear target and we’re getting towards the end of the first phase drilling there,” said Suda. “We have released three holes thus far,” he added before elaborating on the encouraging results of one of the holes. “It’s always encouraging when you establish this as your next big target for ounces,” shared Suda. “We have more holes to roll out to the market, we are waiting for assay results,” he explained. “As we go through a little bit of a roller coaster in gold price we’re going to continue to deliver results to the market through the Spring and into the early Summer through this program. If the results are anything like they’ve been so far, we will be very happy.”
“How far are you drilling and what do you plan on doing with the project?”, asked Jolly. “We’re taking a very systematic approach with this drilling,” said Suda. “We have systematically designed a program that is first going to drill a shallow depth, where we have a strong feeling that there is mineralization,” he explained. “We’re going to take those results and start to drill deeper, most likely,” continued Suda, adding that the second phase of drilling will likely commence in the late summer. “That’s going to be about 10,000 meters.”
Suda then elaborated on the skill and experience of the Company’s team in terms of completing the project in-house or selling off different aspects of it. “We want to be able to tell the market that we can do either, whichever generates the most value for shareholders,” said Suda. “Because we’re all big shareholders as management and directors, we want to be able to pull on whichever lever generates the most shareholder value,” he continued. “We’re building a team and a company where we want to be able to make that potential buyer scared that we may not need them, we might be able to build it on our own.”
To close the interview, Suda encouraged listeners and shareholders to keep up-to-date on the Company’s projects and upcoming announcements as they continue to advance their high potential targets.
To hear David Suda’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7838170-gold-terra-resource-corp-discusses-progress-of-yellowknife-city-gold-project-and-campbell-shear.
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 kilometers 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 kilometers 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 the Company’s 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
About The “Stock Day” Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.
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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.