Gold Terra Resource Corp. reports on gold exploration and project development activity in the Yellowknife district of the Northwest Territories. Recurring company updates cover diamond drilling, assay results and target generation at the Yellowknife Project, including the Con Mine Option property, the Yellorex zone along the Campbell Shear, and Northbelt areas such as Walsh Lake and Mispickel.
News also includes permitting and water-licence updates, technical work tied to mineral resource estimates, corporate presentations, financing support, investor communications arrangements and management appointments related to advancing Gold Terra's Yellowknife gold assets.
Gold Terra (YGTFF) will host a community town hall in Yellowknife on October 21, 2026, covering exploration and Con Mine plans.
The meeting starts at 7pm at the Yellowknife Ski Club Chalet, with Chairman and CEO Gerald Panneton presenting. Current work includes drilling at Zone 103 North, sonic drilling to investigate the historical tailings storage facility, and near-surface drilling and metallurgical testing at Yellorex. These activities support evaluation of mineralization and potential project development. Gold Terra anticipates an updated Mineral Resource Estimate by year-end 2026 and a Preliminary Economic Assessment, an initial study of project economics, by the first quarter of 2027.
Gold Terra Resource (YGTFF) hosted Bank of Canada Governor Tiff Macklem at its Yellowknife properties on September 23, 2026, to discuss mining opportunities.
The visit was part of Macklem's effort to better understand the Northwest Territories economy. He toured the historic Con Mine, which operated from 1938 to 2003, and examined drill core. Discussions covered mining's economic role and factors affecting investment and development decisions, including infrastructure, energy, skilled labor, access to capital, permitting and remote operating costs. Gold Terra is advancing exploration at its Yellowknife Project, with a focus on the Con Mine Option Property and potential future redevelopment of the historic mine.
Gold Terra (YGTFF) found visible gold in sonic drill hole CMUP-005 at the former Con Mine tailings. The gold appeared 25–26 metres downhole. Since drilling began on September 19, the company has completed 17 holes totaling 429 metres toward an approximately 7,000-metre program. The work is intended to establish the tailings’ tonnage and grade and support testing of potential gold recovery.
The tailings are part of the Con Mine Option property. Gold Terra has the right to acquire 100% of the property from a Newmont subsidiary if conditions in the purchase agreement are met; its option runs until November 21, 2027. Ore mined during Con Mine’s 1938–2003 operations graded 16–22 grams of gold per tonne, and historical recoveries were 85–95%. Those historical figures do not establish the grade or recoverable gold content of the tailings.
Gold Terra Resource (YGTFF) is expanding its 2026 Fall drilling program on the Con Mine Option (CMO) property in Yellowknife by adding two rigs to delineate additional ounces for an upcoming Preliminary Economic Assessment.
The company is launching sonic drilling on the historical Con Mine Tailings Storage Facility with about 7,000 metres on a 40x40 metre grid, and a 3,000‑metre diamond drill program on the upper Yellorex deposit. At Zone 103 North, drilling has intersected the Campbell shear, where an Underground Inferred Mineral Resource of 5,083,000 tonnes at 3.64 g/t Au (595,000 oz) is reported. Gold Terra recently raised approximately C$10.1 million and plans to allocate about C$7.2 million to these Fall drilling programs. The CMO option with Newmont remains valid until November 21, 2027.
Gold Terra Resource (OTCQB:YGTFF) announced a sonic drilling program to evaluate gold content in historic tailings at the former Con Mine, part of the Con Mine Option (CMO) near Yellowknife, NWT. Drilling is scheduled to start in early September and focuses initially on the Upper Pud tailings storage facility.
The program plans about 148 sonic drill holes on a 40m x 40m grid, to depths of 20–30m, with 1m sampling intervals analyzed at ALS labs. According to Gold Terra, the objective is to define tailings tonnage and grade, support metallurgical testing and potentially outline Indicated-category resources that could complement underground and near-surface targets.
Gold Terra recently raised approximately C$10.1 million, allocating about C$7.2 million to drilling at Zone 103N, Con Mine tailings, and Yellorex, plus work feeding a Preliminary Economic Assessment anticipated by year-end 2026. The company also granted 3,800,000 stock options at C$0.205 per share, exercisable for five years with staged vesting.
Gold Terra Resource (OTCQB:YGTFF) closed the third and final tranche of its non-brokered LIFE offering, issuing 4,915,560 hard dollar common shares at C$0.18 for gross proceeds of C$884,800.80. Earlier tranches closed on July 24 and August 6, 2026, raised C$8,750,200.14 and C$446,665.86 respectively.
In total, Gold Terra raised aggregate gross proceeds of C$10,081,666.80 through 16,009,260 hard dollar shares, 10,000,000 flow-through shares and 20,000,000 charity flow-through shares. Finder’s fees totalled C$276,089.93. The non-brokered offering included no warrants and remains subject to final TSX Venture Exchange acceptance.
According to Gold Terra, net proceeds will fund general corporate purposes and two concurrent drilling programs at the Campbell Shear Zone 103N and Con Mine historical tailings on the Con Mine Option property under option from a Newmont subsidiary.
Gold Terra (OTCQB:YGTFF) has started drilling on Zone 103N, the northern extension of the Campbell Shear within the historical Con Mine, part of the Con Mine Option (CMO) in Yellowknife, NWT. The company holds an option to acquire 100% of the CMO property from a Newmont subsidiary, valid until November 21, 2027, subject to agreed conditions.
According to Gold Terra, its June 2026 Technical Report includes an initial 2026 MRE for Zone 103N of an underground Inferred Mineral Resource of 5,083,000 tonnes grading 3.64 g/t Au, containing 595,000 ounces of gold. Zone 103N is interpreted as a continuation of the Campbell Shear, traced for 1.6 km on three underground levels, and is described as having strong potential to add ounces that may support a potential Con Mine restart and feed into a Preliminary Economic Assessment targeted for year-end 2026.
Gold Terra has also staked three mineral claims (YGT 2, YGT 3, YGT 4), held 100% by the company. Newly staked claim YGT-2 covers the Campbell Shear extension along Zone 103N, and all ounces north under YGT-2 are 100% owned by Gold Terra. The company recently raised about C$9.2 million, with roughly C$7.2 million earmarked for drilling at Zone 103N, historical tailings work, and the Yellorex technical program. Upcoming 2026 activities include Zone 103N drilling, historical tailings drilling beginning in August, Yellorex drilling and metallurgical sampling starting in September, and preparation of a PEA anticipated by year end.
Gold Terra Resource (OTCQB:YGTFF) closed the second tranche of its previously announced non-brokered listed issuer financing offering for total gross proceeds of C$10.8 million. The second tranche raised C$446,665.86 through the issuance of 2,481,477 common shares at C$0.18 per share, with finders’ fees of C$21,399.95 paid to certain arm’s length finders.
The offering has no warrants and remains subject to final TSX Venture Exchange acceptance, with the final tranche expected on or around August 20, 2026. According to Gold Terra, net proceeds will fund general corporate purposes and two concurrent drilling programs on the Campbell Shear Zone 103 N and the Con Mine on-site tailings, aiming to confirm and add gold ounces on the Con Mine Option property.
Gold Terra Resource (OTCQX:YGTFF) closed the first tranche of its previously announced non-brokered LIFE private placement, raising C$8,750,200 toward total planned gross proceeds of C$10,800,000. The tranche includes 8,612,223 common shares at C$0.18, 20 million charity flow-through shares at C$0.25, and 10 million flow-through shares at C$0.22.
According to Gold Terra, the non-brokered Offering has no warrants, paid finders’ fees of C$210,350, and remains subject to final TSXV acceptance. Net proceeds will fund general corporate purposes and two concurrent drilling programs at the Campbell Shear Zone 103 N and Con Mine historical tailings, supporting resource growth and a targeted PEA by end-2026. Officers and directors subscribed for 450,000 shares under MI 61-101 exemptions, while all flow-through proceeds will be used for qualifying exploration expenditures renounced to investors.
Gold Terra (OTCQX:YGTFF) upsized its non-brokered private placement under the Listed Issuer Financing Exemption to C$10.8 million. The financing comprises 20M common shares at C$0.18, 20M charity flow-through shares at C$0.25, and 10M flow-through shares at C$0.22, expected to close around July 24, 2026.
Net proceeds will fund general corporate purposes and dual drilling programs on the Con Mine Option property, including the Campbell Shear zone with an Inferred 595,000 ounces at 3.64 g/t and historical tailings evaluation. Flow-through proceeds will be spent on qualifying Canadian exploration expenses by December 31, 2027.