Gold Terra Resources CEO Gerald Panneton provided an update on the company’s recent drilling activities

Gold Terra Resources Chairman and CEO Gerald Panneton provided an update on the company’s recent drilling activities targeting the Campbell Shear beneath the Con Mine workings. The drilling, initiated in early February, has yielded significant findings, including the intersection of the Con Shear from 1366 to 1405 meters—a secondary shear structure—along with the discovery of new gold mineralization. Panneton elaborated on the results, highlighting the discovery of gold mineralization reaching up to 13.90 g/t Au over 0.60 meters in the hanging wall granite host of the Con shear at multiple depths along the drill hole.

The Con Shear intersection exhibited intense silicification of mafic volcanic and intermediate intrusive rocks, with a notable quartz vein present along the intermediate intrusive-mafic volcanic contact. Furthermore, several quartz veins with pyrite mineralization were observed within the strongly silicified and sheared zone, indicating significant mineralization potential. The intermittent yet robust shearing observed underscores the geological complexity and mineralization potential of the area.

Building upon these promising results, the 2024 deep drilling program aims to expand upon the initial Mineral Resource Estimate from September 2022. This estimate identified 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and a depth of 400 meters below surface along a 2-kilometer corridor of the Campbell Shear.


With these recent discoveries, Gold Terra Resources is positioned to unlock further value and potential within its extensive exploration portfolio. The company’s commitment to advancing exploration initiatives and maximizing shareholder value is evident in its proactive approach to exploration and resource expansion. As Gold Terra Resources continues its exploration and development efforts, stakeholders can anticipate further updates and advancements in the company’s pursuit of realizing the full potential of its mineral assets.

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