Gold Terra Resource Corp. announced that drill hole GTCM23-055 has successfully intersected over 60 metres of the gold-bearing Campbell Shear from a downhole depth of 2,075 to 2,135 metres. The hole was shutdown at a final downhole depth of 2,228 metres from surface.

The hole was designed to test for gold mineralization below the Con Mine underground workings on the Con Mine Option (CMO) Property. The CMO Property is under option from subsidiaries of Newmont Corporation and is 100% acquirable by the Company upon fulfillment of certain conditions set out in the CMO Property agreement, as reported in the Company's news release dated November 22, 2021. Within the 60 metre Campbell Shear (CS) intersection, approximately 30 metres of the CS within the footwall of the structure displays strong shear fabric, sericite alteration, prominent quartz veining and typical 1 to 5% sulphide mineralization including pyrite, pyrrhotite, and traces of sphalerite, stibnite and arsenopyrite.

A mineralized laminated quartz vein at 2,116 metres contains fine specks of visible gold. Samples from the zone have been submitted for laboratory analysis and results are pending. The Quick Log of the CS section in hole GTCM23-055 is as follows: From and to in metres (m), 1500m to 2075m; massive mafic volcanics flows (some pillows), 2075m to 2135m; Campbell shear structure, 2093m-2105m; developing schistosity + small sections of Quartz/Carbonate veining with local sulphides mineralization (Py-Po) + sericite alteration, 2105m-2135m; Well develop shearing with 30-50% quartz veining (15cm to 50cm vein) with sulphide (2-5%) mineralization through out mainly Py>>Po and traces of others.

2015m-2020m; 50% laminated smoky quartz veining and 3% total sulphides (Py>>Po> traces of stibnite sphalerite and arsenopyrite). Visible gold at 2116.5m in a 50cm quartz vein. 2135m to 2228m; Gradually back in the massive volcanics intermixed with sediments.

2228m End of the hole. The company is continuing its drill program using master/parent hole GTCM23-055 to add multiple intersections or cut into the Campbell shear structure.