on Gold Terra Resource Corp (CVE:YGT)
Gold Terra Initiates Drilling on Campbell Shear's Northern Extension
Gold Terra Resource Corp has commenced drilling operations on Zone 103N, the northern extension of the Campbell Shear within the Con Mine property. This initiative comes under a purchase agreement, granting Gold Terra the right to acquire 100% of the Con Mine Option from a Newmont Corporation subsidiary, valid until November 2027.
The exploration's goal is to expand the existing Mineral Resource Estimate of 595,000 inferred ounces detailed in their June 2026 Technical Report. This venture forms part of Gold Terra's larger strategy to restart the Con Mine, with potential resource contributions from Zone 103N being critical to a Preliminary Economic Assessment expected by the end of 2026.
In association with the ongoing drilling, Gold Terra has staked new claims on adjacent mineral territories. Additionally, recent financing has injected approximately C$ 9.2 million, with C$ 7.2 million allocated for the current drill program and related projects.
R. E.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Gold Terra Resource Corp news