Gold Terra Secures $2.5M for Drilling Expansion
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Gold Terra Secures $2.5M for Drilling Expansion

Gold Terra Resource Corp. (TSE:YGT) has released an update.

Gold Terra Resource Corp. successfully closed a $2.5 million private placement, significantly supported by renowned investor Eric Sprott, among other notable shareholders. The funds are earmarked for the company’s ongoing drilling initiatives, targeting the high-grade Campbell Shear structure beneath the historical Con Mine, aiming to bolster their current gold resource estimates. This strategic investment underscores the confidence in Gold Terra’s potential to uncover significant free-milling high-grade ore at their Yellowknife Project.

For further insights into TSE:YGT stock, check out TipRanks’ Stock Analysis page.

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