Following several weeks of lots of volatility in the gold price, caused by increasing inflation, a reshuffle at the Federal Reserve and most recently a brand new COVID-19 variant, Gold Terra Resource (TSXV:YGT)(OTCQX:YGTFF) (FRA:TXO) did a very important acquisition, by signing an option agreement with Newmont, to buy the Con Mine.
With the highly anticipated Phase 2 drilling program underway since July 16th, testing the Campbell Shear at the Yellorex zone immediately south of the Con Mine (Yellowknife City Gold project, Northwest Territories, Canada) and optioned from Newmont, Gold Terra Resource (TSXV:YGT)(OTCQX:YGTFF)(FRA:TXO) was finally able to announce the first drill results.