Gold Terra outlines new Campbell shear drill targets

Executive Summary

• Gold Terra Resource Corp. announced its 2025-2026 drill program targets along the Campbell Shear, specifically focusing on near-surface targets south of the historic Con Mine in the Yellorex trend.
• The company is finalizing targets to add ounces between surface and 700 meters depth, leveraging a potential lower cut-off grade (COG) of 6 g/t (or potentially 2.5 g/t for underground mining) given current gold prices exceeding $4,000 USD.
• The update highlights specific zones including Yellorex Main, Yellorex North, and the C17 area, with historical assays provided to demonstrate mineralization potential.

Key Details

• Drill Program Focus: Near-surface drilling along the Campbell Shear south of the Con Mine, targeting areas between surface and 700 meters depth.
• Valuation & Cut-off Grades:
  • Potential average grade of 6 g/t Au using a lower cut-off grade.
  • Current base case MRE (Oct 2022) used a 3.50 g/t cut-off at a gold price of $1,750 USD/oz.
  • Company believes a lower COG (e.g., 2.5 g/t) is viable for underground mining at current gold prices (> $4,000 USD/oz).
• Target Zones & Historical Data:
  • Yellorex Main (YRX): Holes drilled on 30- to 50-metre spacing in 2021-2022 account for >65% of the 2022 MRE.
  • Yellorex North (YRX-N): Drilled in 2023; not included in the 2022 MRE.
  • C17 Area: Requires drilling on 50-metre spacing between surface and 600 metres vertical.
  • Historic Assays (C17/3,100-foot-level):
    • CON-C1707: 4.79 g/t Au over 8.08 metres.
    • CON-C1708: 3.20 g/t Au over 7.62 metres.
• Option Agreement:
  • Gold Terra has the right to acquire 100% of the CMO property from a Newmont Corp. subsidiary.
  • Option expires on Nov 21, 2027.
• Land Tenure: 100% land tenure covering >70 kilometres of strike length of the Campbell shear.
• Technical Review: Information reviewed and approved by Joseph Campbell, Qualified Person under NI 43-101.

Notable Quotes

• "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 six g/t using a lower cut-off grade (COG). With the price of gold reaching over $4,000 (U.S.), it opens the area to add ounces between Yellorex main and for at least two kilometres of strike length." — Gerald Panneton, Chairman and CEO