Gold Terra Resource Corp (TSX-V:YGT, OTCQX:YGTFF) closed a non-brokered private placement, raising C$572,500 through the sale of 11,450,000 shares at C$0.05 per share.
Proceeds will fund exploration at the Con Mine Option and Northbelt properties.
CEO Gerald Panneton shared plans for the Campbell shear target.
"Our 2024/2025 program will resume with the wedging program which is testing the Campbell shear structure with our completed master hole GTCM24-056 below the existing working of the Con Mine which produced 5.1 Moz of gold at an average grade of 16 g/t."