The company aims to discover 5-10 million more ounces of gold in this area. Their advantageous location in Yellowknife with existing infrastructure and an experienced management team contribute to lower costs and enhanced prospects.

Gold Terra is conducting extensive drilling in northern Canada and has uncovered almost 2,000,000 ounces of high-grade gold. They are pursuing a strategic approach to reveal additional millions of gold resources at their project site.

The company anticipates that these ongoing drilling efforts will increase the gold resource to over 4,000,000 ounces, resulting in an estimated value of approximately $8 billion for the gold reserves in the area.

Canadian gold exploration company Mayfair Gold is reporting positive drill results at their main asset, a wholly owned project in Northern Ontario. The project features a significant open pit deposit with over 3.5 million ounces of high-quality gold.