Gold Terra Resource Corp. (TSX.V: YGT) (OTCQB: YGTFF) has officially commenced its 2025 wedge hole drilling program, continuing its aggressive exploration of the prolific Campbell Shear (CS) from master hole GTCM24-056 on the Con Mine Option (CMO) Property. The master hole, drilled to a depth of 3,002 metres, will serve as a foundation for multiple wedge offshoots, allowing for an efficient and cost-effective evaluation of the CS at depths up to 600 metres below the Robertson Shaft at 1,900 metres.
Gold Terra Advances Deep Exploration Strategy
The primary objective of this advanced drilling initiative is to test for high-grade gold mineralization in the CS, which has a historic production record of 5.1 Moz at an average grade of 16 g/t (refer to the Oct. 21, 2022, Technical Report). By leveraging wedge drilling, the company aims to unlock new gold ounces at depth while maximizing cost-efficiency compared to traditional surface drilling methods.
The CMO Property, currently under option from a subsidiary of Newmont Corporation, remains 100% acquirable by Gold Terra upon meeting specific conditions outlined in the CMO Property Option Agreement (refer to the Company’s news release dated November 22, 2021). The target zone for the drilling campaign lies between 1,900 and 2,600 metres in elevation, downdip from the historically mined 5.1 Moz deposit, in a steep southward plunge.
Yellowknife Project: A Premier High-Grade Gold Camp
The Yellowknife Project (YP) spans 918 sq. km in the Northwest Territories, strategically positioned near Yellowknife. The company controls one of Canada’s six major high-grade gold camps, leveraging key infrastructure such as roads, air transport, hydroelectric power, and skilled labor. Gold Terra is actively drilling the Campbell Shear, a gold-rich structure with historic production of 14 Moz, including the Con Mine Option (CMO) property, which produced 6.1 Moz (1938-2003). YP and CMO cover 70 km of the Yellowknife greenstone belt, hosting past-producing Con and Giant gold mines.
CEO Gerald Panneton Highlights Expansion Potential
Gold Terra’s Chairman and CEO, Gerald Panneton, emphasized the significance of this drilling initiative: “Building on our success in 2024, we are excited to start the 2025 wedge hole drilling program to assess the high-grade gold potential of the Campbell Shear below the Robertson Shaft. This drilling method is both efficient and cost-effective, allowing us to explore a large, under-explored area 600 to 800 metres below existing infrastructure. Our goal is to continue adding high-grade gold ounces to our upcoming Mineral Resource Estimate (MRE).”
Gold Terra’s Vision for Re-Establishing Yellowknife as a Premier Gold Mining District
Situated within the prolific Yellowknife greenstone belt, the YP and CMO properties cover nearly 70 kilometers of mineralized shear zones, hosting the former-producing Con and Giant gold mines. Gold Terra’s exploration efforts have identified substantial gold mineralization zones, with numerous high-potential targets still awaiting testing. The company remains steadfast in its mission to restore Yellowknife’s status as one of Canada’s top-tier gold mining jurisdictions.
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NanoVibronix, Inc. (NAOV): is a medical device company specializing in non-invasive biological response-activating devices that target wound healing and pain therapy.
Sacks Parente Golf, Inc. (SPGC): designs and manufactures high-performance golf equipment, including putters and shafts, aiming to enhance player performance through innovative technology.
Power Nickel Inc. (PNPN.V): Hits 52-week highs in Canada and the US today, drawing increased investor interest and continues to expand the Lion Zone and capitalize on rising demand across precious and base metals. Stay tuned for updates as this project progresses and remains a standout in a resilient precious metals market.
With small-cap stocks gaining traction amid growing investor interest in mining, technology and biotech sectors, YGT.V, MGOL, NAOV, SPGC, and PNPN.V are among the stocks to watch as momentum builds.
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