The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Visible gold cut in 10 holes drilled this year at Mispickel zone North of 60 Mining News – March 25, 2022
Abundant visible gold cut a depth of 57 metes in hole GTWL22-004 at the Mispickel zone on Gold Terra's Yellowknife City Gold Project in Northwest Territories. Assays are pending.
Gold Terra Resource Corp. March 22 reported that hole GTWL22-002 cut four meters averaging 19 grams per metric ton gold, including a one-meter subsection averaging 73.9 g/t gold in the Mispickel area of its Yellowknife City Gold Project in Northwest Territories.
While Gold Terra's 2022 drill program is primarily focused on building gold resources along the Campbell Shear on the Con Mine property optioned from Newmont south of the city of Yellowknife, the company opted to carry out a 4,000- to 6,000-meter drill program in the Mispickel area about 20 kilometers (12.5 miles) north of Yellowknife.
Out of the 13 holes drilled in the Mispickel area so far, the company reports that 10 have intersected visible gold in a sheared vertical structure currently extended over a minimum strike length of 400 meters. The company says this drilling is extending the new high-grade MP-Ryan zone north of the main Mispickel area.
"On top of our drilling success along the Campbell shear in 2021, and continuing in 2022, we are having very positive drill results in the former Mispickel area north of town," said Gold Terra Resource Chairman and CEO Gerald Panneton.
So far, partial assays from hole GTWL22-002 are the only results the company has received from this drilling in the Mispickel area.
"Today's preliminary drill results from our additional winter drilling program in that area along the new MP-Ryan zone is providing insight to the amazing high-grade potential of the Yellowknife belt, illustrated by this second priority drill program," added Panneton.
The Northbelt property where the Mispickel zone is located hosts 1.8 million metric tons of open-pittable inferred resource averaging 1.25 g/t (876,000 ounces) gold and 2.55 million metric tons of underground inferred resource averaging 4.04 g/t (331,000 oz) gold.
The 40,000-meter drill program Gold Terra has slated for 2022 is focused on expanding this roughly 1.2-million-oz resource.
With four drills turning, this program is well underway.
Two of the rigs are drilling the Campbell Shear south of the former high-grade Con Mine, which includes one rig targeting the Campbell Shear at a depth of approximately 1,000 meters below surface and a second testing the Campbell shear north of the Yellorex zone.
Yellorex was not part of the original 2020 option agreement with Newmont and is now part of the updated agreement that includes all of Newmont's claims and leases over the former Con Mine area.
The remaining two rigs are currently carrying out the drilling in the Mispickel area.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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