Welcome to our dedicated page for Gold Terra Resource news (Ticker: YGTFF), a resource for investors and traders seeking the latest updates and insights on Gold Terra Resource stock.
Gold Terra Resource Corp (YGTFF) generates frequent news related to gold exploration at its Yellowknife Project in Canada’s Northwest Territories. Company announcements focus on drilling programs, mineral resource estimates, financing activities, and technical updates on key structures such as the Campbell Shear and the Con Mine Option (CMO) property.
Recent news releases describe multi-rig drill campaigns targeting near-surface and deeper gold mineralization along the Campbell Shear, including the Yellorex Trend south of the historic Con Mine and high-grade targets in the Northbelt area. The company reports that its exploration work has confirmed the continuation of the Campbell Shear to significant depths below historic mine workings and has outlined targets intended to expand and upgrade existing NI 43-101 mineral resource estimates.
Gold Terra’s news flow also covers corporate and financing developments, such as non-brokered private placements of common and flow-through shares, participation by strategic and existing investors, and government mineral incentive grants. These updates often explain how funds are allocated between drilling, exploration work, and general corporate purposes, and how flow-through financings relate to Canadian exploration expense rules.
Regulatory and permitting milestones, including land use permits, water licences, and reclamation security arrangements, are another recurring theme in the company’s disclosures. Technical information in the news is reviewed by Qualified Persons under National Instrument 43-101, and each release includes cautionary language regarding mineral resources, historical estimates, and forward-looking statements.
Investors and observers can use this news feed to follow Gold Terra’s ongoing drill results, evolving resource picture on the CMO and Northbelt properties, and broader efforts to advance exploration in the Yellowknife gold belt.
Gold Terra Resource Corp. announced assay results from five drill holes (GTCM21-017 to GTCM21-021) as part of their 10,000 metre drilling program on the Yellorex Zone at the Con Mine Property. Significant gold mineralization was confirmed, extending the Yellorex Zone by over two kilometers. Notable assay highlights include GTCM21-20, which intersected 2.38 g/t Au over 4.70 metres, and GTCM21-21, with 1.24 g/t Au over 11.00 metres. The company plans to continue drilling and expand into underexplored zones in 2022, enhancing its current inferred resource of 1.2 million ounces.
Gold Terra Resource Corp has completed a strategic investment by Newmont Corporation, issuing 7,142,857 shares at C$0.21 per share for proceeds of C$1.5 million, giving Newmont less than 5% ownership. Proceeds will be primarily allocated for exploration on the Con Mine property. This investment strengthens Gold Terra's position in the Yellowknife gold district, which includes 800 sq. km near key infrastructure and mineralized areas. The shares are subject to a hold period until April 4, 2022.
Gold Terra Resource Corp. has entered an option agreement with Newmont Canada FN Holdings to purchase 100% of the Con Mine, along with its surrounding assets, allowing for further exploration of the Campbell Shear structure. Concurrently, Gold Terra secured a C$1.5 million strategic investment from Newmont, expected to facilitate exploration on the Con Mine property. The option agreement grants Gold Terra the potential to add up to 2 million ounces of resources, enhancing its current inferred mineral resource of 1.21 million ounces. Newmont retains a 2% NSR post-transaction.
Gold Terra Resource Corp. (TSXV:YGT) announced assay results from two drill holes, GTCM21-015 and GTCM21-016, as part of its ongoing 10,000 metre Phase 2 drilling program. GTCM21-016 recorded 5.07 g/t gold over 8.35 metres, including 11.87 g/t over 3.08 metres. Meanwhile, GTCM21-015 intersected visible gold and significant high-grade zones. The drilling aims to expand the existing resource of 1.2 million inferred ounces and enhance Gold Terra's position within the Yellowknife City Gold Project. The program continues to progress with more holes planned.
Gold Terra Resource Corp. announced positive assay results from Phase 2 drilling at its Yellowknife City Gold Project. The initial hole, GTCM21-014, revealed 5.22 g/t gold over 17.86 metres, including 11.2 g/t over 4.57 metres. This confirms continuity in the Yellorex zone, essential for enhancing its current resource of 1.2 million ounces of inferred gold. The drilling program, commencing July 16, has completed 8 holes totaling approximately 2,770 metres and aims to delineate high-grade gold mineral resources.
Gold Terra Resource Corp. has appointed Patsie Ducharme as a director and chair of the Audit Committee, pending TSX Venture Exchange approval. Ducharme brings over 25 years of experience in finance, mergers, and strategic development. She replaces Elif Lévesque, who is stepping down after contributing significantly since 2015. Ducharme will receive 200,000 stock options at C$0.26 each, a strategic move as Gold Terra aims to enhance its Yellowknife City Gold Project operations, which covers a substantial area of high-grade gold deposits.
Gold Terra Resource Corp. (YGTFF) has commenced its fully funded 10,000 metre Phase 2 drilling program aimed at expanding its NI 43-101 compliant gold resource, currently at 1.2 million inferred ounces. The drilling will focus on the Campbell Shear at the Yellorex zone, where previous high-grade gold intersections were noted. Recent assay results from five drill holes revealed gold values from 4.11 g/t to 24.9 g/t, with notable intersections of 8.65 g/t over 0.70 metres at Ranney Hill. The program also targets potential extensions in the Crestaurum Shear area.
Gold Terra Resource Corp. (YGTFF) announced a fully funded 10,000 metre Phase 2 drilling program set to commence around July 14, 2021. This program aims to explore the Yellorex zone, where high-grade gold zones were previously identified, including 14.09 g/t Au over 4.65 metres. The objective is to delineate additional gold resources to augment the company's current 1.2 million inferred ounces. The drilling will focus on the continuity of high-grade gold lenses at depth and along strike, with strategic drilling spacing of 50 to 100 metres.
Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF) held its Annual General and Special Meeting on June 15, 2021, in Vancouver, BC. Shareholders approved all resolutions presented, including the election of directors: Gerald Panneton, David Suda, Laurie Gaborit, Elif Lévesque, Stuart Rogers, Louis Dionne, and Hellen Siwanowicz. Additionally, the Company’s 10% rolling stock option plan and the reappointment of Dale Matheson Carr-Hilton Labonte LLP as auditors were approved. The meeting underscores shareholder confidence and governance continuity at Gold Terra.
Gold Terra Resource Corp. (TSX-V:YGT, OTCQX:YGTFF) announced assay results from the final two holes of its Phase 1 drilling at the Yellowknife City Gold Project. The drilling confirms the Campbell Shear gold-bearing structure, with three main zones identified and a total of 13 holes completed, totaling 7,242 metres. Phase 2 drilling, beginning in July, will focus on closer-spaced drill targets with a planned 10,000-meter program. Highlights include intersections of 10.85 g/t Au over 4.35 metres and 1.10 g/t Au over 4.95 metres, indicating significant potential for further mineralization.