Gold Terra Announces Drill Targets Near Surface Along the Campbell Shear South of the Con Mine, Yellowknife, NWT

Core Viewpoint - Gold Terra Resource Corp is advancing its drilling program along the Campbell Shear in the Yellorex Trend, with the potential to increase its mineral resource estimate (MRE) due to favorable gold prices exceeding US $4000 per ounce [1][3]. Company Update - The 2025-2026 drill program targets are located along the Campbell Shear south of the historic Con Mine, where a Mineral Resource Estimate (MRE) was outlined in 2022 [1]. - The company has the right to acquire 100% of the Con Mine Option (CMO) property from Newmont Corporation until November 21, 2027 [2]. - The near-surface drilling targets have been finalized, focusing on areas with a potential average grade of 6 g/t using a lower cut-off grade [3]. - Gold Terra's land tenure covers over 70 kilometers of strike length in a historically high-grade gold belt in Canada [3]. Drilling Targets - The Yellorex Trend drilling targets include: - Yellorex Main Zone (YRX), which accounts for over 65% of the 2022 MRE [5]. - Yellorex North (YRX-N), drilled in 2023, not included in the 2022 MRE [5]. - C17 area, which requires drilling on a 50-meter spacing between surface and 600 meters vertical [5]. - Historical drill intersections from the C17 area include: - CON-C1707: 4.79 g/t Au over 8.08m - CON-C1708: 3.20 g/t Au over 7.62m [5]. Mineral Resource Estimate - The October 2022 MRE was based on a 3.50 g/t cut-off, with potential for lower cut-off grades to be tested in upcoming drilling [6]. - The CMO Deposit MRE has been estimated at various cut-off grades, demonstrating sensitivity to gold prices [6]. - The company aims to raise the confidence level of future resource estimates through planned exploration drilling [6]. Project Overview - The Yellowknife Project encompasses 918 sq. km of land near Yellowknife, controlling one of Canada's major high-grade gold camps [8]. - The project is strategically located within 10 kilometers of vital infrastructure, enhancing operational efficiency [8]. - The CMO property claims are immediately south of the past-producing Con Mine, which produced 6.1 million ounces of gold from 1938 to 2003 [8][9].