Gold Terra Resources Reports Significant Deep Drilling Results at Campbell Shear

Gold Terra Resources has reported significant findings from its deep drill hole targeting the Campbell Shear beneath the Con Mine workings, with the drill hole initiated in early February yielding important discoveries including the intersection of the Con Shear and new gold mineralization in the hanging wall granite host. According to Gerald Panneton, Gold Terra Resources' Chairman and CEO, the drill hole intersected the Con Shear from 1366 to 1405 meters, revealing a secondary shear structure along with multiple discoveries of new gold mineralization. The gold mineralization reaches up to 13.90 g/t Au over a span of 0.60 meters in the hanging wall granite host of the Con shear at multiple depths along the drill hole, indicating substantial mineral potential.

Panneton emphasized the geological complexity and mineralization potential of the area, noting that the intersection of the Con Shear is characterized by intense silicification of mafic volcanic and intermediate intrusive rocks, with a prominent quartz vein present along the intermediate intrusive-mafic volcanic contact. Numerous quartz veins with pyrite mineralization were observed within the strongly silicified and sheared zone, further confirming the significant mineralization potential of the discovery. These findings build upon the company's ongoing exploration efforts in the Yellowknife City Gold Project area, which has historically been a significant gold-producing region.

The 2024 deep drilling program aims to expand upon the initial Mineral Resource Estimate from September 2022, which identified 109,000 Indicated ounces of contained gold and 432,000 Inferred ounces of contained gold between surface and a depth of 400 meters below surface along a 2-kilometer corridor of the Campbell Shear. With these latest discoveries, Gold Terra Resources is positioned to potentially increase its resource base and advance development plans for the project. The company maintains an active exploration program with multiple drill rigs operating to test various targets within the Campbell Shear system, as detailed in their corporate presentation available at https://goldterracorp.com/investors/presentations/.

The implications of these results extend beyond immediate resource expansion, as successful deep drilling beneath existing mine workings could demonstrate the potential for significant additional mineralization at depth, potentially extending the mine life and economic viability of the project. The discovery of new gold mineralization in the hanging wall granite host represents an important development that could lead to additional exploration targets and resource growth opportunities. Gold Terra Resources continues to advance its exploration initiatives with the goal of maximizing shareholder value through systematic exploration and resource expansion in one of Canada's most prospective gold districts.