Arizona Tribune - Gold Terra Announces 6.61 g/t Gold over 7.35 Metres Including 31.6 g/t Gold over 1.1 Metres on the Campbell Shear Zone 103N Extension, Con Mine, Yellowknife, NWT

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Gold Terra Announces 6.61 g/t Gold over 7.35 Metres Including 31.6 g/t Gold over 1.1 Metres on the Campbell Shear Zone 103N Extension, Con Mine, Yellowknife, NWT
Gold Terra Announces 6.61 g/t Gold over 7.35 Metres Including 31.6 g/t Gold over 1.1 Metres on the Campbell Shear Zone 103N Extension, Con Mine, Yellowknife, NWT

Gold Terra Announces 6.61 g/t Gold over 7.35 Metres Including 31.6 g/t Gold over 1.1 Metres on the Campbell Shear Zone 103N Extension, Con Mine, Yellowknife, NWT

VANCOUVER, BC / ACCESS Newswire / November 5, 2026 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company") is pleased to announce initial drill results on Zone 103N, considered by Gold Terra to be the northern extension of the Campbell Shear within the historical Con Mine and part of the Con Mine Option ("CMO"). Under the purchase agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation ("Newmont"), subject to the fulfillment of certain conditions set out in the agreement, as reported in the Company's news release dated November 22, 2021. Gold Terra's option on the CMO with Newmont is valid until November 21, 2027 .

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Gold Terra's June 2026 Technical Report established an initial Mineral Resource Estimate of approximately 595,000 ounces of Inferred gold at Zone 103N on the Con Mine Option Property, highlighting the scale of the opportunity and the potential for further resource growth at depth. The updated June 2026 MRE (see June 26 Technical Report) prepared by SLR, includes an initial MRE for Zone 103N of:

  • Underground Inferred Mineral Resource of 5,083,000 tonnes averaging 3.64 g/t Au for 595,000 ounces of contained gold .

Chairman and CEO, Gerald Panneton, commented, "These results confirm the mineralization of the Campbell shear in Zone 103N. The Zone 103N northern extension offers significant exploration upside, as the previous operator Miramar developed the zone in the 1990's with a 1.6 km access drift on level 3100, with very limited drilling. Both intersections are in an area that was considered waste (see cross section). The drilling on the 103N zone can be done 12 months a year and will be the focus of more drilling to extend the mineralization along the known Campbell Shear corridor."

Drilling Highlights

Assay intersections from holes GTCM26-061 and 61A are shown in Table 1 below 1 . The zone is narrow with the best gold grades associated with quartz mineralization. Drilling is continuing and assays are pending for additional completed holes.

HoleFromToWidth

Au

g/t

UTM EastUTM NorthElevation (m)AzimuthDip
GTCM26-061843.5856.412.91.116362786926767-805m65.9-76
includingGTCM26-061846.48481.64.04
GTCM26-061A 2843.5850.857.356.616362786926767-802m65.9-76
includingGTCM26-061A 2848.1849.21.131.6

Table 1: Assay results for holes GTCM26-061 and 61A

1 UTM East and UTM North are the drill hole collar locations in Universal Transverse Mercator coordinates and is not the location of the gold mineralization. The Elevation (m) is the vertical distance from the collar location (approximately 175m above sea level) to the gold mineralization in meters
2 Hole GTCM26-061A is a wedge offset hole from trunk hole GTCM26-061.

The historical Zone 103N is the Campbell Shear continuation to the North of the CMO property, which was developed in the later years of Con Mine's operating life and includes underground development and drilling data. Zone 103N was historically drilled from the Con Mine underground development using mainly level 3100 but too close to the Campbell shear (CS) structure in its northern extension. The CS northern extension can be followed for 1.6 kilometres on three (3) different levels (2600, 2900 and 3100) or approximately 600 metres to 900 metres below surface. Zone 103N has excellent potential to increase the number of ounces on the project. Drill holes GTCM26-061 and 61A, and additional current drilling targets are shown in Figure 1 below:

Figure 1 - Section showing 103N drilling targets and drill holes GTCM26-061 and 61A

A cross section showing the mineralized intercepts in holes GTCM26-061 and 61A is shown in Figure 2 below with the GTCM26-061 mineralized intercept situated in a gap between reported blocks shown in the updated June 2026 MRE (see June 26 Technical Report ) prepared by SLR.

Figure 2 - Cross-section showing drill holes GTCM26-061 and 61A and mineralized intercepts

The 3 D coordinates in metres and the distance between the two mineralized intercepts is shown in the survey table as follows:

GTCM26-061 survey interval 3

GTCM26-061A survey interval 3

3 Easting and Northing are the locations of the top portion of the gold mineralization in Universal Transverse Mercator (UTM) coordinates. The Elevation (m) is the UTM elevation below sea level in meters

Qualified Persons

The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and as Senior Technical Advisor for the Company.

About Gold Terra

The Yellowknife Project (YP) encompasses 836 sq. km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade historical gold camps in Canada. Being within 10 kilometres of the City of Yellowknife, the YP is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power, and skilled tradespeople. Gold Terra is currently focusing its drilling on the Campbell Shear, where approximately 14 Moz of gold has been produced in the past, (See 2026 43-101 Technical Report ) and most recently on the CMO property claims immediately south of the past producing Con Mine which produced 6.1 Moz between the Con, Rycon, and Campbell shear structures (1938-2003).

The YCG and CMO properties lie on the Yellowknife greenstone belt, covering nearly 70 kilometres of strike length along the main mineralized shear system that hosts the former-producing high-grade Con and Giant gold mines. The Company's exploration programs have identified zones of gold mineralization and multiple potential targets that remain to be tested which reinforces the Company's objective of seeking to re-establish Yellowknife as one of the premier gold mining districts in Canada.

Visit our website at Home | Gold Terra Resource Corp.

For more information, please contact:

Gerald Panneton, Chairman & CEO
[email protected]

Mara Strazdins, Investor Relations
Phone: 1-778-897-1590 | 416-710-0646
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information Concerning Estimates of Mineral Resources

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Therefore, investors are cautioned not to assume that all or any part of an Inferred Mineral Resource could ever be mined economically. It cannot be assumed that all or any part of "Measured Mineral Resources," "Indicated Mineral Resources," or "Inferred Mineral Resources" will ever be upgraded to a higher category. The Mineral Resource estimates contained herein may be subject to legal, political, environmental or other risks that could materially affect the potential development of such mineral resources. Refer to the Technical Report, once filed, for more information with respect to the key assumptions, parameters, methods and risks of determination associated with the foregoing.

Cautionary Note to United States Investors

The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to Mineral Resources in this news release are defined in accordance with NI 43-101 under the guidelines set out in CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council on May 19, 2014, as amended ("CIM Standards"). The U.S. Securities and Exchange Commission (the "SEC") has adopted amendments effective February 25, 2019 (the "SEC Modernization Rules") to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Securities Exchange Act of 1934. As a result of the adoption of the SEC Modernization Rules, the SEC will now recognize estimates of "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources", which are defined in substantially similar terms to the corresponding CIM Standards. In addition, the SEC has amended its definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" to be substantially similar to the corresponding CIM Standards.

U.S. investors are cautioned that while the foregoing terms are "substantially similar" to corresponding definitions under the CIM Standards, there are differences in the definitions under the SEC Modernization Rules and the CIM Standards. Accordingly, there is no assurance any Mineral Resources that the Company may report as "Measured Mineral Resources", "Indicated Mineral Resources" and "Inferred Mineral Resources" under NI 43-101 would be the same had the Company prepared the Mineral Resource estimates under the standards adopted under the SEC Modernization Rules. In accordance with Canadian securities laws, estimates of "Inferred Mineral Resources" cannot form the basis of feasibility or other economic studies, except in limited circumstances were permitted under NI 43-101.

Cautionary Note Regarding Forward-Looking Information

Certain statements made and information contained in this news release constitute "forward-looking information" within the meaning of applicable securities legislation (" forward-looking information "). Generally, this forward-looking information can, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotations thereof.

All statements other than statements of historical fact may be forward-looking information. Forward-looking information is necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. In particular, this news release contains forward-looking information regarding the current drilling on the Campbell Shear, potentially adding ounces to the Company's current YP mineral resource, and the Company's objective of re-establishing Yellowknife as one of the premier gold mining districts in Canada.

There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in the Company's most recent MD&A and annual information form available under the Company's profile at www.sedar.com .

Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof. Except as required under applicable securities legislation and regulations applicable to the Company, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

SOURCE: Gold Terra Resource Corp.



View the original press release on ACCESS Newswire

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