Northwire Canada EditionTuesday, September 29, 2026
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GOLD 4183.00 +0.3% SILVER 61.24 −0.8% COPPER 6.61 −0.3% OIL 90.27 −2.5% PALLADIUM 1214.50 −0.7% MKA 0.770 +1.3% PA 0.160 +0.0% YGT 0.195 +0.0% MASS 0.045 +0.0% CGD 1.54 +1.3% CRB 0.040 +0.0% BYN 1.89 −1.6% LITH 0.375 −8.5% CMIL 0.055 −8.3% LEAP 0.070 +7.7% GMX 2.18 −4.0% VCT 0.035 +0.0% AVL 7.17 −1.8% BMR 0.180 +5.9% SLR 0.820 +0.0% RUA 1.27 −5.9% GOLD 4183.00 +0.3% SILVER 61.24 −0.8% COPPER 6.61 −0.3% OIL 90.27 −2.5% PALLADIUM 1214.50 −0.7% MKA 0.770 +1.3% PA 0.160 +0.0% YGT 0.195 +0.0% MASS 0.045 +0.0% CGD 1.54 +1.3% CRB 0.040 +0.0% BYN 1.89 −1.6% LITH 0.375 −8.5% CMIL 0.055 −8.3% LEAP 0.070 +7.7% GMX 2.18 −4.0% VCT 0.035 +0.0% AVL 7.17 −1.8% BMR 0.180 +5.9% SLR 0.820 +0.0% RUA 1.27 −5.9%
Drill Results Routine +

Gold Terra Announces Fall Drilling with Three (3) Rigs Active on the Con Mine, Yellowknife, NWT

Gold Terra expands drilling to three rigs at the Con Mine tailings and shear targets.

By The Northwire Desk — AI Analysis Sep 17, 2026 · 07:00 YGT · 0.185 Gold Terra Resource Corp.
Executive Summary

Gold Terra Resource Corp. announced an expansion of its 2026 Fall drilling program on the Con Mine Option (CMO) property in Yellowknife, NWT. Three drill rigs are now active, targeting Zone 103 North, the historical Con Mine Tailings Storage Facility (TSF), and the Yellorex deposit.

Initial geological data from hole GTCM26-061a shows intersections of the Campbell Shear and Zone 103 N, including visible gold and significant mineralized intervals, though assay results are currently pending. The TSF program utilizes sonic drilling on a 40x40 metre grid to define variable grade areas for a new Mineral Resource Estimate on the tailings. Zone 103N drilling aims to confirm resource potential along a 1.6 km trend, while Yellorex drilling focuses on infill and metallurgical sampling.

The company recently raised approximately C$10.1 million, allocating C$7.2 million to fund the ongoing drill programs aimed at delineating additional ounces for an upcoming Preliminary Economic Assessment (PEA).

Material Impact

Gold Terra Resource Corp. (YGT) released an expected operational update confirming the company is executing its previously announced 2026 exploration plan. The expansion to three rigs and the allocation of C$7.2 million from the recent C$10.1 million raise validate the company's funding status for the fall program.

The news is incremental and aligns with prior expectations set in August 2026 regarding the start of sonic drilling and the fall program timeline. No new assay results, resource estimates, or economic studies are included in this release; geological observations are preliminary and assays are pending.

YGT · Price
Company Overview

Gold Terra Resource Corp. (YGT) is focused on the Yellowknife Project in the Northwest Territories, Canada. Its flagship asset is the Con Mine Option (CMO) property, which is optioned from a Newmont subsidiary until November 21, 2027. The historic Con Mine produced 6.1 million ounces of gold between 1938 and 2003.

The company is currently in the exploration and pre-development stage, targeting the Campbell Shear, Yellorex, Zone 103N, and historical tailings. A Preliminary Economic Assessment (PEA) is underway to advance the project toward a prefeasibility study and short-form permitting.

Read the original news release →

More from Gold Terra Resource Corp.

Sep 29, 2026 · 10:46

Gold Terra reports visible gold in tailings at its project, though the finding is based on a promoter’s teaser rather than verified assay results.

Drill Results Aug 24, 2026 · 07:00

Gold Terra granted 3.8 million options at $0.205 to sonic drill Con Mine tailings.

Drill Results Aug 07, 2026 · 07:00

Gold Terra advances Con Mine option drilling after closing a $10.8 million placement to fund exploration activities.

Drill Results Aug 06, 2026 · 16:00

Gold Terra closes a second tranche of $10.8m financing to fund drilling at the Con Mine tailings and shear zones.

Financings Jul 24, 2026 · 16:15

Gold Terra’s Harquail project secured C$10.8 million from Newmont for drilling, advancing the deposit’s exploration program.

Financings Jul 06, 2026 · 08:16

Gold Terra raised C$9.7 million to fund drilling at its Yellowknife project, doubling down on the Harquail play.

Financings