Drill Results
Gold Terra Adds Another Intersection of 6.40 g/t Gold over 3.4 Metres in Zone 14-24, North Belt Area, Walsh Lake Gold Corridor, NWT
Gold Terra’s Walsh Lake drill results validate its brownfield expansion strategy despite the company facing tight liquidity constraints.

Executive Summary
- Gold Terra Resource Corp. announced additional assay results from its completed 2026 Winter Drill Program at the Walsh Lake gold corridor within its 100% owned Yellowknife Project.
- The program completed approximately 4,905 metres across 15 holes, successfully delineating Zone 14-24 and extending the Walsh Lake corridor to a 700m x 200m area.
- Significant high-grade intercepts were reported, including 6.40 g/t Au over 3.4 metres and 1.11 g/t Au over 17.5 metres, with visible gold and sulphide mineralization noted.
- This follows a series of high-grade results released throughout Q1 and Q2 2026, including 22.46 g/t Au over 5.7 metres in April and 9.53 g/t Au over 11.10 metres in April.
- The company plans further drilling in June on the 103N Zone and aims to release a second MRE update in Fall 2026 incorporating all winter results.
Material Impact
- The news is a routine positive update that aligns with the company's previously announced winter drilling program and May 2026 MRE update.
- It does not introduce new strategic partnerships, financing, or material changes to the project economics.
- The results are consistent with the high-grade nature of the Campbell Shear and Walsh Lake targets, reinforcing the brownfield exploration thesis but not altering the near-term catalyst timeline.
- Market expectations were already priced in following the May MRE update and prior drill results.
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Company Overview
- Gold Terra Resource Corp. is a pre-revenue junior explorer focused on the Yellowknife Project in the Northwest Territories.
- The flagship asset is the Con Mine Option Property, a 100% interest purchase agreement with a Newmont subsidiary, valid until November 2027.
- The historic Con Mine produced 6.1 million ounces of gold at an average grade of 15-20 g/t Au between 1938 and 2003.
- The company is conducting brownfield exploration along the Campbell Shear and Yellorex Trend, targeting near-surface extensions and depth targets.
- The May 2026 MRE added 595,000 inferred ounces at Zone 103N, bringing total inferred resources to approximately 895,000 ounces across updated deposits.
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Jul 06, 2026 · 08:32