Northwire Canada EditionMonday, August 24, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4720.40 +0.8% SILVER 69.34 −0.3% COPPER 6.60 +0.2% OIL 85.55 −1.7% PALLADIUM 1355.50 +0.4% EML 0.235 +0.0% AVU 0.040 +0.0% LIB 0.760 +0.0% SHL 0.415 +0.0% RRI 0.365 +0.0% FFM 1.87 +0.0% TBK 0.360 +0.0% AHR 1.12 +0.0% VGD 0.130 +0.0% HART 0.240 +0.0% XGC 0.230 +0.0% FAS 0.095 +0.0% ONAU 0.690 +0.0% PEMC 0.065 +0.0% NAR 0.265 +0.0% GSR 0.400 +0.0% GOLD 4720.40 +0.8% SILVER 69.34 −0.3% COPPER 6.60 +0.2% OIL 85.55 −1.7% PALLADIUM 1355.50 +0.4% EML 0.235 +0.0% AVU 0.040 +0.0% LIB 0.760 +0.0% SHL 0.415 +0.0% RRI 0.365 +0.0% FFM 1.87 +0.0% TBK 0.360 +0.0% AHR 1.12 +0.0% VGD 0.130 +0.0% HART 0.240 +0.0% XGC 0.230 +0.0% FAS 0.095 +0.0% ONAU 0.690 +0.0% PEMC 0.065 +0.0% NAR 0.265 +0.0% GSR 0.400 +0.0%
Drill Results Routine +

Gold Terra Announces 5.88 g/t Gold over 19.00 Metres Including 18.50 g/t Gold over 4.0 Metres in the Yellorex Area, Con Mine Option Property, Yellowknife, NWT

Gold Terra’s Yellorex drilling confirms Campbell Shear continuity ahead of a $15 million option spend.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 07:00 YGT · 0.19 Gold Terra Resource Corp.
Executive Summary
  • Gold Terra Resource Corp. announced assay results from 11 additional drill holes in its 2026 Winter Drill Program targeting the Yellorex zone on the Con Mine Option (CMO) property.
  • Key intercepts include 5.88 g/t Au over 19.00m in hole GTY26-22, including 18.50 g/t Au over 4.0m, and 19.39 g/t Au over 3.5m in hole GTY26-018.
  • Results reinforce the continuity of the Campbell Shear structure, which is the company's highest priority target.
  • The company outlined a pipeline of 2026 catalysts: drilling the 103N Zone extension, tailings reprocessing starting in August 2026, a Q3 2026 Mineral Resource Estimate (MRE) update, and a Year-End 2026 Preliminary Economic Assessment (PEA).
  • The Con Mine Option expires on November 21, 2027.
Material Impact
  • The June 23, 2026 drill results are consistent with the company's ongoing winter exploration program, which began in January 2026.
  • Intersections align with previous announcements (e.g., April 14 and March 17 releases) and do not represent a material deviation from expected geological continuity.
  • The news serves as a routine confirmation of the Campbell Shear's near-surface potential rather than a transformative discovery.
  • No new financing, strategic partnerships, or option exercise triggers are disclosed in this release.
  • The announcement maintains the existing development timeline but does not accelerate capital requirements or alter the near-term liquidity profile.
YGT · Price
Company Overview
  • Gold Terra Resource Corp. is a pre-revenue exploration and development company focused on the Yellowknife Gold Belt in the Northwest Territories, Canada.
  • The flagship asset is the Con Mine Option (CMO) property, which grants the right to acquire 100% of the historic Con Mine from a Newmont subsidiary. The Con Mine produced 6.1 million ounces of gold between 1938 and 2003.
  • The company is targeting the Campbell Shear, a 70km strike-length gold mineralized system. Key zones include Yellorex, Zone 103N, and Crestaurum.
  • The company also owns the Walsh Lake gold corridor, where recent drilling has extended known mineralization and identified new high-grade zones.
  • The project benefits from brownfield status, existing infrastructure, and a shorter permitting pathway compared to greenfield projects.
Read the original news release →

More from Gold Terra Resource Corp.

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 Jun 15, 2026 · 07:00

Gold Terra Contracts SLR for Preliminary Economic Assessment on the Con Mine Property and the Crestaurum Deposit, Yellowknife, NWT

Technical Study