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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
VANCOUVER, BC / ACCESS Newswire / March 17, 2026 / Gold Terra Resource Corp. (TSXV:YGT)(Frank...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Announces Assay Results of 8.2 g/t Gold over 20.35 Metres in the Yellorex Area, Con Mine Option Property, Yellowknife, NWTVANCOUVER, BC / ACCESS Newswire / March 17, 2026 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce assay results from the first seven (7) holes of the 2026 Winter Drill Program targeting the Yellorex zone immediately south of the past producing Campbell Shear (CS), historic Con Mine (1938-2003). The current drilling program aims at confirming some historical holes to expand Gold Terra's near surface 2022 Mineral Resource Estimate (MRE) on the Con Mine Option property. Assay results are shown in Table 1 and include drill hole GTY26-001 which intersected 8.20g/t Au over 20.35metres from 242.5 metres to 262.85 metres downhole, including 18.7 g/t over 6.8 metres starting at 254.75 metresUnder the Con Mine Option (CMO) purchase agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation (\"Newmont\"), subject to the fulfillment of certain conditions set out in the agreement, as reported in the Company's news release dated November 22, 2021. Gold Terra's option on the CMO with Newmont is until November 21, 2027.Chairman and CEO, Gerald Panneton, commented, \"With Gold Terra's last MRE completed in 2022 based on a US$ 1750 gold price, our winter drill program of 10,000 metres in the Yellorex area of the Campbell Shear (CS) will be looking to confirm and expand Gold Terra's estimate of the near surface resource from surface to 500 metres below surface on the CMO property. This first batch of drill results confirm the potential continuity of the zone, as Gold Terra requires additional holes to seek more ounces in the indicated category. The Campbell Shear structure is our highest priority target as the Con Mine produced historically more than 5 million ounces of high-grade gold (16 g/t Au) (see Oct. 21, 2022 Technical Report).\"Assay HighlightsAssay intersections from holes GTY26-001, 002, 003, 004, 005, 006 and 008 are shown in Table 1 below. All Yellorex drill holes intersected the Campbell Shear, characterized by quartz-ankerite and smoky quartz veining with strong sericite-dominated alteration, being one key parameter for gold mineralization in the CS. The main geological hos...