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Gold Terra Announces Drill Target Preparation for the Con Mine, Yellowknife, NWT
VANCOUVER, BC / ACCESS Newswire / September 4, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Fr...
About this update from Gold Terra Resource Corp.
[{"type":"text","content":"Gold Terra Announces Drill Target Preparation for the Con Mine, Yellowknife, NWTVANCOUVER, BC / ACCESS Newswire / September 4, 2025 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to provide an update on our 2025-2026 drilling strategy along the past producing Campbell Shear (CS) with an objective to delineate additional potential gold mineralized zones.Con Mine Option (CMO) FocusThe 2025-2026 exploration program includes:An evaluation of the year-end 2002 historical resources (650,000 ounces @11-12 g/t 3 (See further in this press release)) between surface and the current depth of the Robertson shaft (-1,900 metres) at a different Cut-Off Grade (COG).This evaluation will provide drill targets in an area where the historical resource was left behind unmined during a low gold price environment (2002) of US$340 per ounce of gold.Preparation of drill holes targets in the Yellorex trend of the CS where the Company has already outlined a Mineral Resources Estimates (MRE) in 20222 (See further in this press release), and where additional ounces have the potential to be added between surface and 700 metre depth.The Company has also received two Government (GNWT) Mineral Incentives grants totaling $257,560 for the Con Mine drilling and for the Walsh Lake area north of Yellowknife.A Mineral Resource Estimate (MRE) followed by Preliminary Economic Assessment (PEA) after completion of the drill program.Under the CMO agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation, 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 Nov 21, 2027, supporting ongoing CS drilling and potential resource growth.In addition, additional exploration targets along the CS and its subsidiaries would be evaluated on the adjoining 100% owned district scale Yellowknife Project which has tremendous potential for the discovery of additional mineral resources, beyond the current 1,207,000 inferred ounces (MRE September 20221 See further in pressrelease).Chairman and CEO, Gerald Panneton, commented, \"When we signed the 100% purchase option of the Con Mine in November 2021, the gold price was hovering bet...