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 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 (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.
Gold Terra Resource Corp. (YGTFF) has launched its 2025 wedge hole drilling program targeting the Campbell Shear (CS) from master hole GTCM24-056 on the Con Mine Option Property. The program aims to evaluate the CS 600 metres below the current Robertson shaft depth of 1,900 metres through multiple wedge holes, offering a more cost-effective approach than surface drilling.
The drilling program, which commenced on January 10, 2025, plans to execute 5-7 wedge holes totaling approximately 3,000 metres. The initiative targets an area that historically produced 5.1 Moz at 16 g/t gold. The company's previous drilling success includes hole GTCM23-055, which intersected 12.63 g/t Au over 1.7m in the CS structure.
Additionally, Gold Terra announced a shares-for-debt transaction to settle $89,364.75 in maintenance costs by issuing 1,625,000 common shares at $0.055 per share to Goldcorp Inc.