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Gold Terra signs deal with option to purchase YellowknifeSA国际影视传媒檚 Con Mine

ItSA国际影视传媒檚 SA国际影视传媒渨ay too early to saySA国际影视传媒 if Con Mine will ever be mined again, but Gold Terra has created that possibility.
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Gold Terra CEO David Suda, left, Gold Terra COO Joe Campbell, Gold Terra Executive Chairman Gerald Panneton standing next to the Yellowknife City Gold Project map. Ethan Butterfield/NNSL photo

ItSA国际影视传媒檚 SA国际影视传媒渨ay too early to saySA国际影视传媒 if Con Mine will ever be mined again, but Gold Terra has created that possibility.

A new deal with Newmont Corporation gives Gold Terra the option to purchase SA国际影视传媒100 per centSA国际影视传媒 of Con Mine, including its associated mineral leases and surface rights, Crown mineral claims, infrastructure and surrounding area.

SA国际影视传媒淲eSA国际影视传媒檙e not necessarily planning to go back,SA国际影视传媒 Gold Terra executive chairperson Gerald Panneton told Yellowknifer. SA国际影视传媒淚tSA国际影视传媒檚 a big question, you have to realize that our goal is to find enough ounces to sustain and start a mine in Yellowknife. How much of the Con Mine infrastructure are we going to use? I have no clue yet. For example, maybe the millSA国际影视传媒檚 not even going to be there. WeSA国际影视传媒檒l see.SA国际影视传媒

Read more: Gold Terra drilling south and east of Yellowknife

Read more: Gold Terra hits high-grade seam near Yellowknife

In the meantime, Panneton and Gold Terra as a whole is focusing on the task at hand. Drilling for 2 million ounces, SA国际影视传媒渉en go to the next thing, which is look at all the options,SA国际影视传媒 said Panneton. SA国际影视传媒淚tSA国际影视传媒檚 a big undertaking, but this option is great.SA国际影视传媒

The agreement will immediately replace the exploration agreement in place, dated Sept. 4, 2020 and will allow Gold Terra to fully explore the Campbell Shear structure at the Con Mine (and south of it).

SA国际影视传媒(ItSA国际影视传媒檚) a significant step for Gold Terra to increase our resource base with high-grade ounces along the prolific Campbell Shear structure and to add to our current inferred mineral resource, which currently stands at 1.21 million ounces,SA国际影视传媒 Panneton said in a press release. SA国际影视传媒淭he additional land package along the Campbell Shear, and all the surface access assets and associated infrastructure will allow Gold Terra to accelerate its exploration strategy with the aim of adding a target of 2 million ounces of high-grade resource base to sustain the development of the project in the future.SA国际影视传媒

Gold Terra has spent approx. $3 million in exploration at the site so far.





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