Gold Terra Announces Assay Results of 8.2 g/t Gold over 20.35 Metres in the Yellorex Area, Con Mine Option Property, Yellowknife, NWT
High-Grade Hits at Yellorex Validate Campbell Shear Expansion Strategy
The most recent news (March 17, 2026) reports high-grade assay results from the first seven holes of the 2026 Winter Drill Program at the Yellorex zone, south of the past-producing Con Mine. The standout result is drill hole GTY26-001, which intersected 8.20 g/t Au over 20.35 metres. The company has completed 23 holes (8,000 metres) of a planned 10,000-metre program in this specific area. While an updated Mineral Resource Estimate (MRE) is expected in March 2026, it will notably exclude these new 2026 results, focusing instead on adding the 103 North zone.
The news is Material - Positive. While the market was aware of the ongoing drill program, the width (20.35m) and grade (8.2 g/t) of the first hole significantly exceed the average grades of the existing 2022 MRE (which ranged from 5.8 to 7.5 g/t Au). - Resource Growth: These results suggest the Yellorex zone has higher-grade "swells" than previously modeled, providing a clear path to increasing both the size and confidence level (Inferred to Indicated) of the resource in a future update. - Strategic Validation: The results validate management's shift from high-cost deep drilling (2,500m+) to near-surface (0-500m) targets along the Campbell Shear. - Timing: Coming just before a scheduled MRE update, these results provide a "buffer" of positive momentum, ensuring that even if the March MRE is incremental, investors know a significant higher-grade expansion is already in the pipeline for the next revision.
Gold Terra is focused on the Yellowknife City Gold (YCG) project, which encompasses 918 sq. km. of the Yellowknife greenstone belt. The flagship focus is the Con Mine Option (CMO), where the company is earning a 100% interest from Newmont. The project targets the Campbell Shear, a structure that historically produced 14 Moz of gold at grades of 16-22 g/t. The current strategy is to delineate enough near-surface resources (0-600m depth) to justify re-opening the district using existing infrastructure like the Robertson Shaft.