10 June 2024
Vancouver, BC – June 10, 2024 – Gold Terra Resource Corp. (TSX-V: YGT; Frankfurt: TX0; OTC QB: YGTFF) (“Gold Terra” or the “Company”) announces that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular which were mailed to shareholders in connection with the meeting, were approved at the Company's Annual General and Special Meeting held in Vancouver, BC, on June 6, 2024.
The shareholders elected Gerald Panneton (Chair), Patsie Ducharme, Laurie Gaborit, Paul Bonneville and Hellen Siwanowicz as directors of the Company for the forthcoming year.
Shareholders approved the reappointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as the auditor of the Company for the ensuing year with their remuneration to be fixed by the board of directors.
Con Mine Option Property Drilling Update
Drilling is progressing well with drill hole GTCM23-056 targeting high grade gold mineralization in the Campbell Shear beneath the former Con Mine underground mine workings. Hole GTCM24-056 is currently at a downhole depth of 2,526 metres and on a stable trajectory. The drillhole is showing a crackle calcite veining texture which can be indicative of proximity to a shear system, as seen elsewhere in the camp. The Campbell Shear is anticipated to be intersected at approximately 2,600 to 2,650 metres depth.
The current drill program at the Con Mine is aimed at increasing our current Indicated and Inferred resource (MRE October 2022) near surface and south of the Con Mine, targeting the prolific Campbell Shear structure which produced 14 Moz of gold at an average grade of 16-22 g/t Au. The current drilling is targeting below the existing underground workings, where the potential exists to add significant free milling high grade ore. The Con Mine property has excellent infrastructure including the Robertson shaft, water treatment plan (2015), warehouse and offices, etc. The Con Mine closed in 2003, with approximately 650,000 ounces at 11-12 g/t Au in historic reserves and combined resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the issuer is not treating the historical estimate as current mineral resources or mineral reserves.
For current resource estimates please refer to the October 21, 2022 technical report, titled "Initial Mineral Resource Estimate for the CMO Property, Yellowknife City Gold Project, Yellowknife, Northwest Territories, Canada" with an effective date of September 2, 2022, by Qualified Person, Allan Armitage, Ph. D., P. Geo., SGS Geological Services, which can be found on the Company's website at https://www.goldterracorp.com and on SEDAR at www.sedarplus.com.