Gold Terra Resource Corp Stock Price, News & Analysis

Gold Terra Resource Corp. (OTCQX:YGTFF) has announced its 2025-2026 drilling strategy for the Con Mine in Yellowknife, NWT. The company plans to evaluate historical resources of 650,000 ounces at 11-12 g/t between surface and -1,900 metres depth at the Robertson shaft.

The company holds an option to acquire 100% of the Con Mine Option (CMO) property from Newmont Corporation until November 2027. The project currently has 1,207,000 inferred ounces in the Northbelt Property and additional indicated and inferred resources in the CMO Property, including 109,000 indicated ounces at 7.55 g/t Au and 432,000 inferred ounces at 6.74 g/t Au.

Gold Terra has received $257,560 in government grants for drilling at Con Mine and Walsh Lake area. The company plans to conduct a Mineral Resource Estimate (MRE) followed by a Preliminary Economic Assessment (PEA) after completing the drill program.

Gold Terra Resource Corp. held its Annual General and Special Meeting on June 4, 2025, where shareholders approved all proposed matters. The company elected five directors including Gerald Panneton as Chair, reappointed Dale Matheson Carr-Hilton Labonte LLP as auditors, and approved a 10% rolling stock option plan with less than 25% currently utilized. In its 2025 exploration update, Gold Terra reported significant achievements including confirmation of the Campbell Shear at 2,580 metres depth through wedge hole GTCM25 056A, completion of a C$2.4 million private placement, and securing a C$2.0 million payment from Osisko Royalties. The company is now preparing for additional drilling targeting the Campbell Shear at various depths and locations around Yellowknife.

Gold Terra Resource Corp (OTCQX:YGTFF) has confirmed significant gold potential in the Campbell Shear (CS) at the Con Mine Option Property in NWT. Wedge hole GTCM25-056A intersected anomalous gold (up to 0.5 g/t Au and 12.6 g/t Ag) from 2680.5 to 2703.5 metres depth, extending 600 meters below the mine. Notable high-grade intersections include 7.81 g/t Au over 0.5 metres in the footwall. The drilling confirms the CS continues to a depth of at least 2,580 metres vertical below surface. While the results are promising, the company will pause deep drilling due to costs and focus on near-surface targets. Additionally, Osisko Gold Royalties Ltd has completed the first tranche payment of C$2.0 million to Gold Terra.

Gold Terra Resource Corp (OTCQB:YGTFF) has successfully completed a C$2.4 million financing package, consisting of two components: C$1 million from issuing 20 million common shares at $0.05 per share, and C$1.4 million from 20 million charitable flow-through shares at $0.07 per share. Additionally, Osisko Gold Royalties has provided C$2 million through early exercise of its royalty option for a 2% NSR on Gold Terra's Yellowknife Property, bringing the total raised to C$4.4 million.

The funds will support drilling programs at the Con Mine Option property, which historically produced 5.1 Moz of gold at an average grade of 16 g/t. The current mineral resource includes 109,000 oz Indicated (7.55 g/t Au) and 432,000 oz Inferred (6.74 g/t Au) resources. Notable insider participation included 3.66 million shares purchased.

Gold Terra Resource Corp. (YGTFF) has successfully intersected the Campbell Shear (CS) in their first wedge hole GTCM25-056A at the Con Mine Option Property. The intersection occurred between 2,665 to 2,707 metres downhole, reaching a vertical depth of 2,560 metres below surface.

The best visual mineralization was concentrated between 2,689.30 and 2,707 metres downhole, with samples sent to the lab for pending assays. The drilling program continues with a lateral wedge hole GTCM25-056B, 100 metres north at the same target elevation.

Notably, the company has satisfied the requirement to incur C$8,000,000 in Qualifying Expenditures for exploration work on the Con Mine Option property. The current drilling program aims to expand the September 2022 initial Mineral Resource Estimate of 109,000 Indicated ounces and 432,000 Inferred ounces of contained gold.

Gold Terra Resource Corp (OTCQB:YGTFF) has completed the first tranche of a non-brokered financing, raising total gross proceeds of C$1,843,000. The company issued 15,860,000 common shares at $0.05 per share (C$793,000) and 15,000,000 charitable flow-through shares at $0.07 per share (C$1,050,000).

Osisko Gold Royalties has elected to early exercise its first tranche royalty option for a 2% NSR royalty on Gold Terra's Yellowknife Property, providing an additional C$2,000,000 cash payment. The proceeds will primarily fund the drilling program at the Con Mine Option property, which historically produced 5.1 Moz of gold at an average grade of 16 g/t.

Company insiders participated by purchasing 2,160,000 shares. A 6% finder's fee totaling C$26,700 was paid. All securities have a four-month hold period expiring August 12, 2025.

Gold Terra Resource Corp (OTCQB:YGTFF) has secured a C$4.4 million funding package, comprising a C$2.4 million non-brokered financing and C$2 million from Osisko Gold Royalties. The financing includes C$1 million through issuing 20 million common shares at $0.05 per share and C$1.4 million via 20 million charitable flow-through shares at $0.07 per share.

Osisko Gold Royalties has elected to early exercise its first tranche royalty option for a 2% NSR royalty on Gold Terra's Yellowknife Property. The financing, expected to close around April 11, 2025, will support drilling programs at the Con Mine Option property, which historically produced 5.1 Moz of gold at an average grade of 16 g/t.

Company insiders will participate by purchasing 2,160,000 shares. The proceeds will fund Canadian exploration expenses in the Northwest Territories before December 31, 2026.

Gold Terra Resource Corp. (OTCQB:YGTFF) reports progress on its 2025 control drilling at the Con Mine Option Property. The first steel wedge hole GTCM25-056A, targeting the Campbell Shear, has reached 2,162 metres depth and is expected to intersect at approximately 2,600 metres downhole.

The drilling program aims to test for high-grade gold below the historic Con Mine workings, which previously produced 5.1 Moz @ 16 g/t. The target is located approximately 600 metres below the Robertson shaft depth, with potential for multi-million ounces based on historical production rates of 1 Moz per 200 metres vertical.

Previous drilling intersected 12.63 g/t Au over 1.7m in hole GTCM23-055, demonstrating the Campbell Shear's potential at depth. The current program utilizes IMDEX's DeviDrill cutting tool to achieve optimal drilling angles, successfully flattening from 82 degrees to 66.5 degrees.

Gold Terra Resource Corp. (OTCQX:YGTFF) announced its participation in the Vancouver Resource Investment Conference on January 19-20, 2025, at Booth #316. The company has initiated its 2025 wedge hole drilling program on January 10th, targeting the Campbell Shear from master hole GTCM24-056 on the Con Mine Option Property.

The drilling program aims to intersect the Campbell Shear at 2,600 meters depth and expand upon the September 2022 initial Mineral Resource Estimate of 109,000 Indicated ounces and 432,000 Inferred ounces of contained gold. The Campbell Shear has historically produced 5.1 Moz at 16 g/t.

Additionally, the company's Board has approved a grant of 2,000,000 stock options to directors, officers, employees, and consultants, exercisable at $0.10 per share for 5 years until January 17th, 2030, with a staged vesting schedule.