Interview with Gerald Panneton, Executive Chairman and CEO of Gold Terra Resource Corp. (TSXV: YGT)

Our previous interview: https://youtu.be/2phptqOtu0c and https://youtu.be/ZKQETXsrT4o

Recording date: 18th September 2023

GoldTerra Resource Chairman and CEO Gerald Panneton provided an update on the company's Yellowknife City Gold project in Canada's Northwest Territories in an interview at the Denver Gold Forum.

Panneton stated GoldTerra is focused on outlining an initial resource of 2 million ounces of high-grade gold below the former Con gold mine, which ceased operations in 2002 after producing over 6 million ounces. Recent drilling has intersected exceptional grades including 33 g/t gold over 3 meters.

GoldTerra has currently outlined 500,000 to 600,000 ounces of near-surface mineralization at Yellowknife City. Panneton sees potential for another 600,000 ounces within the old Con mine workings. The company is advancing toward an initial resource estimate and Preliminary Economic Assessment (PEA) in 2024.

Located just 10 kilometers from Yellowknife, the project benefits from excellent infrastructure and year-round accessibility. Panneton highlighted the social license advantages of focusing largely on an underground operation near an established mining city rather than building a new open pit elsewhere.

Despite weak market conditions, Panneton believes GoldTerra must keep advancing exploration and project development. He sees an important role for junior miners in supplying future gold production from safe jurisdictions like Canada.

Panneton stated GoldTerra can delineate 2 million ounces with additional drilling at an attractive discovery cost of just $5 to $10 per ounce. The current valuation equates to only $5 to $10 per resource ounce, providing strong leverage as the project is derisked.

With a strong technical team and balance sheet, Panneton expressed confidence GoldTerra will continue advancing the district-scale Yellowknife City project to realize significant value for shareholders as the market turns.