Gold Terra(TSXV:YGT)

Gold Terra is an advanced stage junior exploration company focused on expanding gold mineral resources in Yellowknife, NWT, Canada.

Investor website: https://goldterracorp.com/

About

Gold Terra is an advanced stage junior exploration company focused on expanding gold mineral resources in Yellowknife, NWT, Canada. The company is currently drilling on the Campbell Shear, a mineralized shear system with historic production of approximately 14 million ounces of gold. Gold Terra's strategic land holdings cover 836 sq. km and are located near essential infrastructure.

Verified company data

Cash position
not discovered
Shares outstanding
468,697,484
Fully diluted shares
477,503,734
Mineral resource
In November 2019, Gold Terra released its initial NI 43-101 mineral resource estimate on four deposits, which are just 12 km from the city of Yellowknife. In March, 2021, Gold Terra announced an mineral resource estimate for the Sam Otto, Crestaurum, Barney and Mispickel gold deposits of 1,207,000 Inferred ounces consisting of an open pit constrained Inferred mineral resource of 21.8 million tonnes averaging 1.25 g/t for 876,000 ounces of contained gold, and an underground Inferred mineral resource of 2.55 million tonnes averaging 4.04 g/t for 331,000 ounces of contained gold. (Refer to 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 at [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)). On May 15, 2026, Gold Terra announce the results of an updated, independent, Mineral Resource Estimate prepared by SLR Consulting (Canada) Ltd on the Yellorex, Zone 103N, and Crestaurum deposits, part of YP Project. The Northbelt-Walsh Lake deposits, Sam Otto, Barney and Pickel (formerly Mispickel), were not included in the 2026 updated Mineral Resource Estimate. The previous Technical Report for those deposits was prepared by SGS (refer to the Gold Terra Oct 21, 2022, Technical Report). The 2026 updated Yellorex, Zone 103N, Crestaurum deposits Mineral Resource Estimate for the project is summarized in Table 1, with an effective date of April 30, 2026.
Projects
["100% OWNED Yellowknife Project EXPLORATION OVERVIEW\n\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).","Sam Otto – Crestaurum-Barney Deposits Overview\n\nThe Sam Otto and Crestaurum gold deposits are two advanced exploration targets on the Yellowknife City Gold project located on the same mineralized system as the past producing Con and Giant mines which have produced a total of 14 million ounces of gold.\n\nIn November 2019, Gold Terra published its first mineral resource estimate on the property. The mineral resource encompasses four deposits (Sam Otto, Crestaurum, Barney and Mispickel) within a three kilometre radius. It incorporates the results from 463 drill holes totaling 90,751 m, from which 201 drill holes totaling 42,447 m were completed by Gold Terra from 2014 to 2019.\n\nExpansion of the Sam Otto open pit and Crestaurum underground resources was the main focus of the 2020 drilling program. The 2021 mineral resource update includes an additional 59 holes totaling 17,540 metres from drilling completed in 2020 on the Crestaurum and Sam Otto deposits.\n\nOn May 15, 2026, the Company released an updated Mineral Resource Estimate (“MRE”) on the Yellowknife Project, which included the Yellorex Zone and Zone 103N of the Con Mine Option Property, and the Crestaurum deposits of the YP.\n\nConsolidated Mineral Resource Estimate\n\nThe 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:\n\n(* 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.)\n\nGold Terra Consolidated Mineral Resource – Effective date of April 30, 2026, and March 14, 2021:\n\nNotes:\n\n1. CIM (2014) definitions were followed for Mineral Resources.\n2. SLR-2026:\n 1. Mineral Resources are estimated above the following cut-off grades:\n 1. Zone 103: 2.0 g/t Au\n 2. Yellorex: 2.2 g/t Au\n 3. Crestaurum: 0.7 g/t Au (OP); 2.2 g/t Au (UG)\n 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.\n 3. Bulk density in domains ranges between 2.65 t/m3 and 2.85 t/m³.\n 4. Metallurgical recovery for gold is 90%.\n 5. A 50 m crown pillar beneath the lake, measured from the base of the overburden, is applied at Yellorex.\n 6. Mineral Resources are reported within an optimized pit shell and/or Deswik Stope Optimizer (DSO) underground resource panels.\n 7. A minimum mining width of 1.5 m is applied to underground resources; and 4 m for open pit resources.\n3. SGS-2021:\n 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).\n 2. High grade capping was done on 1 m composite data. Capping value of 60 g/t Au was applied for Mispickel.\n 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.).\n 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.\n 5. Metallurgical recovery for gold is 90%.\n 6. No crown pillar applied beneath the lake.\n 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.\n4. Numbers may not add or multiply accurately due to rounding."]
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 the Detour Lake project's growth.), 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.), Todd Burlingame (Chief Development Officer, Extensive experience in resource development and project management in the NWT.), Joseph Campbell, P. Geo (Senior Technical Advisor, Professional geologist with over 40 years of global experience in exploration and mining, founder of Gold Terra.), Louis Dionne (Senior Technical Advisor, Former mine manager with over 20 years in gold property operations and development.), David Suda (Advisor, Financial services professional with 11 years of experience in capital markets and corporate strategy.)

Verified data last updated: 2026-07-03

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