Gold Terra Extends Yellorex at Depth

Why It Matters

The drill program validates Gold Terra’s strategy to grow its underground resource, enhancing project economics and positioning the company for a higher‑grade, deeper resource estimate. This could improve financing prospects and attract investors as gold prices remain strong.

Key Takeaways

• Yellorex drilling confirms high‑grade gold at ~200 m depth.
• Deep hole GTY26‑007 shows mineralization to 500 m depth.
• Campbell Shear remains open along strike and at depth.
• New resource estimate expected May, with September update.
• Indicated resource averages 7.55 g/t gold, supporting project economics.

Pulse Analysis

Gold Terra’s latest Yellorex drilling underscores the strategic importance of the Campbell Shear, a historic gold‑bearing structure that produced over five million ounces from the nearby Con Mine. Situated 5 km southeast of Yellowknife, the shear remains one of the most prospective targets in the Yellowknife greenstone belt, offering both near‑surface and deep‑zone potential. By extending mineralization to nearly 500 m, the company demonstrates that the shear’s favorable geology persists at depth, a key factor for long‑term mine planning.

The five new holes delivered several notable intercepts, most prominently an 11.1‑metre interval averaging 9.53 g/t gold at 211 m depth (hole GTY26‑013) and a deep 6.38‑metre, 5.73 g/t shoot at 487 m (hole GTY26‑007). These results complement earlier high‑grade shoots, such as the 20.35‑metre, 8.2 g/t intercept from 236 m. Consistent grades across a vertical range reinforce the continuity of the Yellorex zone and suggest that additional high‑grade shoots may be discovered with further drilling, expanding the inferred and indicated resources beyond the 2022 estimate of 821,000 t at 7.55 g/t.

For investors, the upcoming May resource estimate—followed by a September update—will incorporate this deeper data, potentially lifting the total ounces and improving the average grade. In a market where gold prices are anchored around US$1,750 per ounce, a higher‑grade, deeper resource can enhance the project's net present value and financing flexibility. Gold Terra’s ability to demonstrate resource growth at depth positions it favorably among junior explorers targeting the prolific Northwest Territories corridor, where infrastructure and proximity to existing mines reduce development risk.