Gold Terra Resource Corp. (TSXV: YGT) has updated its exploration strategy for 2025-2026 focused on its Con Mine Option (CMO) and Yellowknife Project in the Northwest Territories, targeting further delineation of high-grade gold zones along the Campbell Shear structure.
Key Objectives & Targets
- The company is re-evaluating historical resource estimates for the Con Mine, specifically about 650,000 ounces at 11-12 g/t Au, located between surface and the Robertson Shaft (−1,900 metres). These resources were not mined, partly because of low gold prices at the time (~US$340/oz in 2002).
- Additional drill targets are being prepared in the “Yellorex trend,” a zone already included in the MRE of 2022. The plan is to test for additional ounces between surface and down to 700 metres depth.
- Gold Terra has secured two mineral incentives grants from the Government of the Northwest Territories totaling CAD$257,560 to support drilling at Con Mine and Walsh Lake.
Resources & Potential
- As of the 2022 technical reports, the Yellowknife Project had ~1.207 million inferred ounces from multiple satellite deposits north of Con Mine.
- Gold Terra holds an option to acquire 100% of the CMO property from a Newmont subsidiary, valid through November 2027, giving them time to grow and upgrade resources.
Investor Implications
- With gold prices significantly higher than in 2002, previously uneconomic zones may now offer strong return potential.
- Upgrading inferred ounces via focused drilling (especially in the Yellorex trend) could materially improve project valuation.
- Risks include the need to complete the drill program, meet permitting requirements, and successfully convert historical/historic resource estimates into NI 43-101 compliant resources.
Conclusion
For investors, Gold Terra’s plan represents an opportunity to get in early on a project with past production history, strong geological potential, and meaningful upside if drilling and resource conversion succeed.
