TSX-V-listed Gold Terra Resources on Tuesday announced an exploration agreement with gold major Newmont, which could see the junior earn into ground adjacent to the former Con mine, in the prolific Yellowknife mining camp.
Gold Terra executive chairperson Gerald Panneton said the agreement with Newmont reflected the shared vision of two companies with the same goal, ‘find more gold’.
“Our agreement allows Gold Terra to better explore the southern extension of the prolific Con mine, where approximately 5.1-million ounces of gold was produced from the Campbell Shear between 1946 and 2005 at a grade of 15 g/t, and over widths of up to 100 m. With this transaction, Gold Terra secures the immediate southern extension of the Campbell Shear mineralisation, which is immediately north of our 100% owned South Belt property."