Gold Terra Resource Corp. has expanded its fall drilling campaign at the Con Mine Option Property in Yellowknife, Northwest Territories, by adding two rigs, bringing three active drills to the site.

The ongoing program allocates approximately C$7.2 million from a recently announced financing of approximately C$10.1 million to target additional gold ounces ahead of a Preliminary Economic Assessment planned by year-end 2026.

Field work is split across three primary targets. A sonic drilling program spanning approximately 7,000 metres is underway at the historical Con Mine Tailings Storage Facility. The work tests the past-producing tailings on a 40-by-40-metre grid to delineate ounces for a Mineral Resource Estimate. The historical Con Mine produced 6.1 million ounces between 1938 and 2003.

“We have started a very focused Fall drilling program with the objective of delineating additional ounces. The start of the sonic drilling on the historical Tailing Storage Facility (TSF) may be very positive for the future restart of the operation as the tailing residue from the past operation (1938-2003), has the potential to add ounces to our recent June 2026 Technical Report initial MRE. The benefits of these ounces translate into a potential low-grade stockpile that can be easily accessible in the early days of the potential future restart.”

— Gerald Panneton, Chairman and CEO

Meanwhile, diamond drilling continues at Zone 103 North along the Campbell Shear. Master hole GTCM26-061 and wedge hole GTCM26-061a both intersected the shear zone, with the latter returning a 5.3-metre interval from 845.6 to 850.9 metres containing visible gold, quartz veining, and sulphides. Assays are currently pending for both holes. Zone 103N currently contains an underground inferred mineral resource of 5,083,000 tonnes averaging 3.64 g/t gold for 595,000 ounces.

A third drill has been mobilized for an approximately 3,000-metre infill and metallurgical sampling program on the upper portion of the Yellorex deposit.

Read the full announcement: Gold Terra Announces Fall Drilling with Three (3) Rigs Active on the Con Mine, Yellowknife, NWT