Gold Terra Resources has announced promising results from its deep drill hole targeting the Campbell Shear beneath the Con Mine workings, with significant findings including the intersection of the Con Shear and discovery of new gold mineralization in the hanging wall granite host. The drill hole, initiated in early February, intersected the Con Shear from 1366 to 1405 meters along with a secondary shear structure, revealing gold mineralization reaching up to 13.90 g/t Au over 0.60 meters in the hanging wall granite host at multiple depths along the drill hole.
According to Gerald Panneton, Gold Terra Resources' Chairman and CEO, the geological complexity and mineralization potential of the area are substantial. The intersection of the Con Shear is characterized by intense silicification of mafic volcanic and intermediate intrusive rocks, with a prominent quartz vein present along the intermediate intrusive-mafic volcanic contact. Numerous quartz veins with pyrite mineralization were observed within the strongly silicified and sheared zone, indicating significant mineralization potential that could substantially impact the company's resource estimates.
Building on these promising results, Gold Terra Resources' 2024 deep drilling program aims to expand upon the initial Mineral Resource Estimate from September 2022, which 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. These latest discoveries position the company to potentially unlock further value within its extensive exploration portfolio through continued advancement of exploration initiatives and resource expansion strategies.
The company's proactive approach to exploration demonstrates its commitment to maximizing shareholder value through systematic investigation of the Campbell Shear's full potential. As drilling continues to reveal the structural complexity and mineralization patterns at depth, these findings could significantly enhance the understanding of gold distribution in this historically productive mining district and contribute to future resource growth beyond current estimates.
