8 April 2026
VANCOUVER, BC / ACCESS Newswire / April 8, 2026 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQB:YGTFF) ("Gold Terra" or the "Company") is pleased to announce assay results from the first four (4) holes of the 2026 Winter Drill Program designed to expand the Walsh Lake gold corridor situated in the Northbelt area of Gold Terra's 100% owned district scale Yellowknife Project. Assay results are shown in Table 1 and include drill hole GTWL26-024 which intersected 22.46 g/t Au (uncut) over 5.7metres from 119.6 metres to 125.3 metres downhole, including 198 g/t over 0.5 metres starting at 119.60 metres.
Chairman and CEO, Gerald Panneton, commented, "Our now completed winter drilling program has been successful in expanding the Walsh Lake gold corridor beyond the known 500m strike length on our 100% Walsh Lake property block. The Walsh Lake property area is strategically situated 20 kilometres northeast of Yellowknife and is showing excellent potential for more discoveries to be made. With the success of hole GTWL26-024, we have added two new zones in this hole indicating more drilling to be done to follow up on the success of the 2022 and 2026 drill programs. These new zones will be a contributing factor in re-establishing Yellowknife as a prime location for many years of further exploration. It also compliments our development of satellite deposits, and the restart of the historic Con Mine once the purchase is completed (see news release November 22, 2021)."
Assay Highlights
The 2026 winter program in the Northbelt - Walsh Lake area commenced on January 22 and concluded on March 21, 2026, using two drill rigs for a total of 4,904.9 metres with 15 holes completed. The main objective was to test the best area uncovered in the previous winter 2022 program (see August 25, 2022 press release) and to extend the known gold corridor beyond the current 500 metre strike length. From the first major discoveries on the Walsh Lake property in the early 1930s to the mid-1970s, and after the property was purchased from Yellowknife prospector Walter "Walt" Humphries, Gold Terra has successfully drilled part of the corridor to delineate new zones.
The 2022 winter program (19 holes for 6,011 metres completed) enabled the corridor to be extended to 500 metres of strike length, outlining three separate gold zones (see August 25, 2022 press release):
Pickel (formerly Mispickel) zone:GTWL22-002 = 19.00 g/t gold over 4 metres
MP Ryan zone in the northern part GTWL22-004 = 7.63 g/t gold over 3 metres
Zone 14 in the western part with GTWL22-0014 = 31.89 g/t gold over 3 metres
Diamond Drill hole GTWL26-24 confirmed the northern extension of the broad Walsh Lake Gold corridor hosted in metasediments some 150 metres north of known mineralization. The hole intersected two (2) very good gold mineralization zones separated by 200 metres with multiple visible gold specks (198 g/t over 0.5 metres at 119.6 metres). Follow up drilling (GTWL26-031) was drilled underneath, and a few more holes were also drilled north and south to complete our 2026 drill program. The discovery extension of this zone is excellent news for the area and will warrant further drilling next winter.