Gold Terra(TSXV:YGT)

Gold Terra Resource Corp.

Investor website: https://goldterracorp.com/

About

Gold Terra Resource Corp. is a mining company focused on the exploration and development of gold properties in Canada, particularly in the Northwest Territories. The company aims to advance its projects through strategic exploration and development efforts, leveraging the expertise of its management team and board of directors.

Verified company data

Cash position
not discovered
Shares outstanding
468,697,484
Fully diluted shares
477,503,734
Mineral resource
The 2026 MRE, prepared by SLR, includes updates over the Yellorex and Crestaurum deposits, and includes an initial MRE for Zone 103N, the northern extension of the Con Mine within the CS. Zone 103N MRE: - Underground Inferred Mineral Resource of 5,083,000 tonnes averaging 3.64 g/t Au for 595,000 ounces of contained gold All Updated Deposits (Yellorex, Zone 103N, Crestaurum) MRE: - Total Indicated Mineral Resource of 729,000 tonnes averaging 4.39 g/t Au for 103,000 ounces of contained gold - Total Inferred Mineral Resource of 7,534,000 tonnes averaging 3.69 g/t Au for 895,000 ounces of contained gold Consolidated Mineral Resource Estimate The MREs of Gold Terra, including the SLR updates of Yellorex and Crestaurum, as well as the initial MRE of Zone 103N, are combined with the SGS 2021* MREs of Sam Otto, Mispickel (currently referred to as Pickle) and Barney in the table below: (\* _The October 21, 2022, technical report, titled "Initial Mineral Resource Estimate for the CMO Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada" with an effective date of September 2, 2022, was prepared by Dr. Allan Armitage, P.Geo. from SGS, an Independent Qualified Person as defined under NI 43-101_. (see [Gold Terra Oct 21, 2022, Technical Report](https://goldterracorp.com/site/assets/files/2818/gold_terra_2022_43101_report_for_ycg_project_initial_re.pdf) **).** Gold Terra Consolidated Mineral Resource – Effective date of April 30, 2026, and March 14, 2021: | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | **Year Updated** | **Deposit** | **Operation** | **Category** | **Tonnage**<br>**(kt)** | **Average Grade (g/t Au)** | **Gold Contained**<br>**Metal (koz)** | | **2026-SLR (1 ,2)** | **Zone 103N** | **UG** | **Inferred** | **5,083** | **3.64** | **595** | | **Yellorex** | **UG** | **Indicated** | **145** | **5.11** | **24** | | **Inferred** | **1,462** | **3.79** | **178** | | **Crestaurum** | **OP** | **Indicated** | **525** | **4.07** | **69** | | **Inferred** | **566** | **3.40** | **62** | | **UG** | **Indicated** | **59** | **5.32** | **10** | | **Inferred** | **423** | **4.39** | **60** | | **Total** | **Indicated** | **584** | **4.21** | **79** | | **Inferred** | **989** | **3.84** | **122** | | **2021-SGS (1 ,3)** | **Sam Otto** | **OP** | **Inferred** | **20,403** | **1.10** | **721** | | **UG** | **948** | **1.75** | **53** | | **Total** | **21,351** | **1.13** | **774** | | **Mispickel** | **OP** | **Inferred** | **893** | **2.22** | **64** | | **Barney** | **UG** | **Inferred** | **646** | **4.30** | **89** | | **Notes:**<br>1. **CIM (2014) definitions were followed for Mineral Resources.**<br>2. **SLR-2026:**<br> 1. **Mineral Resources are estimated above the following cut-off grades:**<br> 1. **Zone 103: 2.0 g/t Au**<br> 2. **Yellorex: 2.2 g/t Au**<br> 3. **Crestaurum: 0.7 g/t Au (OP); 2.2 g/t Au (UG)**<br> 2. **Mineral Resources are estimated using a long-term gold price of US$2,600 per ounce, and a US$/C$ exchange rate of 1.35.**<br> 3. **Bulk density in domains ranges between 2.65 t/m3 and 2.85 t/m³.**<br> 4. **Metallurgical recovery for gold is 90%.**<br> 5. **A 50 m crown pillar beneath the lake, measured from the base of the overburden, is applied at Yellorex.**<br> 6. **Mineral Resources are reported within an optimized pit shell and/or Deswik Stope Optimizer (DSO) underground resource panels.**<br> 7. **A minimum mining width of 1.5 m is applied to underground resources; and 4 m for open pit resources.**<br>3. **SGS-2021:**<br> 1. **Sam Otto and Mispickel deposits may be mined using open pit mining methods. Open pit mineral resources are reported at a cut-off grade of 0.4 g/t Au within a conceptual pit shell. Sam Otto and Barney deposits may be mined using underground bulk mining methods. A selected cut-off grade of 1.4 g/t Au is used to determine the underground mineral resource for the Sam Otto/Dave’s Pond deposit and 2.0 g/t Au for the Barney deposit (assuming it can be accessed underground from the Crestaurum deposit).**<br> 2. **High grade capping was done on 1 m composite data. Capping value of 60 g/t Au was applied for Mispickel.**<br> 3. **Cut-off grades are based on a gold price of US$1,500 per ounce, a gold recovery of 90%, processing cost of $US16.00 per tonne milled, and variable mining costs including $US2.20 for open pit and $US 44.00 to 79.00 for underground. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rates, mining costs etc.).**<br> 4. **Specific gravity values were determined based on physical specific gravity test work from each deposit: Barney at 3.00 t/m³; Sam Otto and Mispickel at 2.80 t/m³.**<br> 5. **Metallurgical recovery for gold is 90%.**<br> 6. **No crown pillar applied beneath the lake.**<br> 7. **All Mineral Resources are presented undiluted and in situ, constrained by continuous 3D wireframe models, and are considered to have reasonable prospects for eventual economic extraction.**<br>4. **Numbers may not add or multiply accurately due to rounding.**
Projects
["Con Mine Option Property\nIn November 2021, Gold Terra entered into an Option Agreement with Newmont to Purchase 100% of Miramar Northern Mining's Past Producing High-Grade Gold Con Mine at Yellowknife, NWT (see [November 22 press release](https://goldterracorp.com/news/gold-terra-announces-c-1-5m-strategic-investment-a-3685/) for full details). On September 9, 2024, Gold Terra announced a 2-year extension on the Option Agreement with Newmont to November 21st, 2027 to purchase 100% of the past producing Con Mine (see [September 9 press release](https://goldterracorp.com/news/gold-terra-announces-a-2-year-extension-on-option-9486/) for full details).\n\nThe former Con Mine is a world-class gold deposit and part of the prolific Yellowknife mining camp where 6.1 M ounces of high-grade gold were recovered from the underground operation from both the Con Shear and Campbell Shear. The Con Mine Option Property has added to the Company’s large land holdings a key piece of ground with excellent potential along the Campbell Shear to add high-grade gold resources.\n\nThe Con Mine Option Property includes mineral leases and overlying surface rights; access to infrastructure, including the original C-1 shaft opening, and the deep Robertson shaft (1,950 metres) with a 2,000-ton-per-day capacity for future underground exploration and mining; surface infrastructure including a large 10,000-square-foot warehouse and dry storage; surface vehicles; and a $10 million water treatment plant recently built in 2015, buildings, storage facilities and roads as well as access to explore and potentially redevelop the remaining historic mineral reserves within the Con Mine Property. The Con mine reclamation is near completion.\n\nThe Con Mine Option Property is located beside the City of Yellowknife and adjacent to the Company's 100% owned Yellowknife Project in the Northwest Territories.","Yellowknife Project\nThe Yellowknife Project (YP) lies within the prolific Yellowknife greenstone belt and covers the northern and southern extensions of the shear system that hosts the former high-grade Con mine (6.1 Moz produced) and Giant mine (8.1 Moz produced) for a total of 14 Moz of gold produced. The project area contains numerous gold showings and multiple shear structures which are the recognized hosts for high-grade gold deposits in the Yellowknife gold district. Being all-season road accessible and all within 10 to 40 kilometres of Yellowknife, the YP is close to vital infrastructure, including transportation, service providers, hydro-electric power and skilled trades people.\n\nGold Terra started exploration activities in 2013 on the initial 37 km² property and has subsequently assembled a highly prospective district-scale land position, which overall has been relatively unexplored. Gold Terra has carried out geological mapping and sampling, geochemical and geophysical surveys, and an extensive compilation of all prior exploration activities, including re-sampling of historic drill core.\n\nThe 2026 drilling is targeting and expanding the Walsh Lake -Northbelt area, 20 kilometres north of Yellowknife. The Pickel (formerly Mispickel) zone was previously drilled in 2022 (19 holes for 6,011 metres completed) and intersected high-grade assays including: GTWL22-002 = 19.00 g/t Au over 4 metres including 73.9 g/t Au over 1 metre; GTWL22-004 = 7.63 g/t Au over 3 metres including 22.5 g/t Au over 1 metre; and GTWL22-0014 = 31.89 g/t Au over 3 metres including 69.4 g/t Au over 1 metre (see August 25, 2022 press release).","Mulligan Gold Project\n- Acquired through acquisition of Gold Matter (October 2019)\n- Undrilled gold/silver discovery\n- Mineralization in porphyry with intense sericite and argillic alteration\n- Encouraging trenching and sampling results\n- IP survey completed\n- **Drilling in 2020**"]
Leadership
Gerald Panneton (Chairman and Chief Executive Officer, Geologist with over 35 years of experience in gold mining exploration and development. Founder of Detour Gold Corporation, instrumental in growing the Detour Lake project from 1.5 million ounces to over 16 million ounces in reserves.), Mark T. Brown, B.Comm., CPA, C.A (Chief Financial Officer, Chartered Professional Accountant with 30 years of financial experience in publicly listed companies and capital markets. President of Pacific Opportunity since 1997.), Todd Burlingame (Chief Development Officer, Extensive experience in resource development and project management, founder of Kee Scarp Ltd. and has held significant positions in various mining projects.), Joseph Campbell, P. Geo (Senior Technical Advisor, Professional geologist with over 40 years of experience in exploration and mining. Founder of Gold Terra and has held various leadership roles in the company.), Louis Dionne (Senior Technical Advisor, Former director at Detour Gold and has over 20 years of experience in operations and development of gold properties.), David Suda (Advisor, Financial services professional with 11 years of experience in capital markets, previously Managing Director at Beacon Securities Limited.)

Verified data last updated: 2026-06-12

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