27 October 2025
old Terra Resource Corp. ("Gold Terra" or the "Company") is pleased to provide an update on the 2025-2026 drill program targets along the past producing Campbell Shear (CS) in the Yellorex Trend south of the historic Con Mine. The Yellorex Trend drilling targets are where the GCompany has already outlined a Mineral Resource Estimate (MRE) in 2022 (See Note 1 further in this press release), and where there is potential for additional ounces to be added between surface and 700 metres depth.
Under the Con Mine Option (CMO) agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation ("Newmont"), subject to the fulfillment of certain conditions set out in the agreement, as reported in the Company's news release dated November 22, 2021. Gold Terra's option on the CMO with Newmont is until November 21, 2027.
Chairman and CEO, Gerald Panneton, commented, "We are finalizing our near surface drilling targets along the Campbell Shear, and we will focus our drilling program along the CS south of the Con Mine. We recently completed our valuation of near-surface targets in the area where we have outlined the potential for more resources within the area of our 2022 MRE at a possible average grade of 6 g/t using a lower cut-off grade (COG). With the price of gold reaching over US $4000, it opens the area to add ounces between Yellorex main and for at least 2 kilometres of strike length. Gold Terra's 100% land tenure covers more than 70 kilometres of strike length of the Campbell Shear in a past-producing high-grade gold belt in Canada."