Gold Terra Resources Reports Significant Deep Drill Results at Campbell Shear
TL;DR
Gold Terra Resources' deep drill hole targeting the Campbell Shear has yielded significant gold mineralization discoveries, providing a potential competitive advantage in the mineral exploration industry.
The drill hole has intersected the Con Shear and new gold mineralization discoveries, characterized by intense silicification of mafic volcanic and intermediate intrusive rocks.
The discoveries at Gold Terra Resources have the potential to make tomorrow better by unlocking further value and potential within its exploration portfolio, thus contributing to the industry's overall mineral assets.
Gold Terra Resources' latest discoveries of gold mineralization and geological complexity underscore the company's proactive exploration initiatives and commitment to maximizing shareholder value.
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Gold Terra Resources has reported significant findings from its deep drill hole targeting the Campbell Shear beneath the Con Mine workings, with the drill hole intersecting the Con Shear from 1366 to 1405 meters and discovering new gold mineralization in the hanging wall granite host. According to Gerald Panneton, Gold Terra Resources' Chairman and CEO, the intersection includes a secondary shear structure along with multiple discoveries of gold mineralization reaching up to 13.90 g/t Au over 0.60 meters in the hanging wall granite host at various depths along the drill hole.
The geological complexity of the area is highlighted by the intense silicification of mafic volcanic and intermediate intrusive rocks at the Con Shear intersection, 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 substantial mineralization potential that could significantly impact the company's resource expansion efforts.
These results form the foundation for Gold Terra Resources' 2024 deep drilling program, which aims to build upon the initial Mineral Resource Estimate from September 2022 that identified 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and 400 meters depth along a 2-kilometer corridor of the Campbell Shear. The discovery of new mineralization in the hanging wall granite host represents a critical development that could substantially increase the overall resource potential and economic viability of the project.
The company's exploration strategy focuses on maximizing shareholder value through proactive resource expansion, with these latest findings positioning Gold Terra Resources to unlock further potential within its extensive exploration portfolio. The intersection of the Con Shear and associated mineralization provides crucial geological information that will guide future drilling campaigns and resource modeling efforts as the company continues to advance its exploration initiatives in the region.
Curated from News Direct
