22 May 2024
Vancouver, BC –May 22 , 2024 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTCQX: YGTFF) (“Gold Terra” or the “Company”) is pleased to announce that drill hole GTCM24-056, targeting the Campbell Shear (past production of 5.1 Moz @ 16 g/t, refer to the Oct. 21, 2022 Technical Report) on the Con Mine Option Property (CMO), is progressing well at a current depth of 2,265 metres. The drilling is estimated to intersect the Campbell Shear (CS) target at an approximate downhole depth of 2,600 metres, or approximately 600 metres below the historic Con Mine underground workings. The CMO Property is under option from a subsidiary of Newmont Corporation and is 100% acquirable by the Company upon fulfillment of certain conditions set out in the CMO Property Option agreement, as reported in the Company's news release dated November 22, 2021.
Chairman and CEO, Gerald Panneton, commented, "We are very pleased with the excellent progress of Hole GTCM24-056. The CS target has a strike length of at least 1-kilometre, and the hole target of 600 metres below the Con Mine Robertson shaft (1900 metres depth) will open a large under-explored area to add high grade ounces. Once the hole is completed, we will follow up with a strategy of selective wedge holes off this master hole GTCM24-056 as this is a cost-effective way to test the extension of the CS zone mineralization.”