Gold Terra Resource Corp. has commenced drilling at Zone 103N, marking the northern extension of the Campbell Shear within the historical Con Mine and Con Mine Option property in Yellowknife, Northwest Territories.

The program aims to expand on an initial inferred mineral resource estimate established in June 2026, which outlined 5,083,000 tonnes averaging 3.64 g/t gold for 595,000 ounces of contained metal at depth. The newly re-evaluated zone traces the Campbell Shear structure over 1.6 kilometres across three underground levels between 600 and 900 metres below surface.

The resource base compares with historical resource figures of 650,000 ounces at 11 to 12 g/t gold previously referenced by the company, reflecting a lower-grade and larger-tonnage profile under the current technical assessment.

“Zone 103N along the Campbell Shear has excellent potential to delineate additional ounces. Our recent June 2026 Technical Report includes an initial MRE of approximately inferred 595,000 ounces at Zone 103N within the Con Mine Option property, underscoring its potential at depth. Zone 103N could be a contributor to the potential restart of the Con Mine and is part of the Preliminary Economic Assessment currently scheduled to be completed by year end 2026.”

— Gerald Panneton, Chairman and Chairman and CEO

To support the field work, Gold Terra has staked three new active mineral claims 100% held by the company, including claim YGT-2 which covers the northward projection of the Campbell Shear along Zone 103N. The current work follows a recent C$9.2 million financing, which allocated C$7.2 million specifically toward the ongoing Zone 103N drill program, historical tailings evaluation, and Yellorex technical programs.

Upcoming catalysts include the start of historical drilling on the Con Mine tailings scheduled for August 2026, followed by Yellorex drilling and metallurgical sampling in September 2026. These workstreams are designed to feed into a preliminary economic assessment anticipated by the end of 2026.

Gold Terra holds an option to acquire 100% of the Con Mine Option property from a subsidiary of Newmont Corporation until November 21, 2027, subject to meeting agreement conditions.

Read the full announcement: Gold Terra Announces Start of Drilling on the Campbell Shear Northern Zone 103N Extension to Expand 2026 MRE of Inferred 595,000 Ounces, Con Mine, Yellowknife, NWT