Gold Terra Resource Corp. announced the first assay result from its winter drilling program on the Con Mine Option ("CMO") Property in Yellowknife, NWT. Drill hole GTCM23-042, the first hole of the program, intersected 5.3 g/t Au over 6.43 metres.

The drilling program is designed to expand the Yellorex North gold zone between surface and 300 metres below surface. The CMO property is under option from subsidiaries of Newmont Corporation and is acquirable by the Company upon fulfillment of certain conditions set out in the CMO agreement. To date, the winter drilling program has completed 10 holes for a total of approximately 4,000 metres, of which 8 holes were on Yellorex North.

Yellorex North Zone drill core from hole GTCM23-042 will be on display at the Gold Terra Booth #2304, The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) from March 5 to March 8, 2023. Hole GTCM23-042 Highlights: GTCM23-042 intersected 5.3 g/t Au over 6.43 metres and was designed to verify and add depth extension to historical high-grade mineralization encountered in the Yellorex North zone of the Campbell Shear, as shown in Figure 1 below. The Campbell Shear was intersected at approximately 150 metres below ground level.

The main intersection is between 236.5-242.93 metres down hole and contains approximately 6.5 metres of smoky quartz veining, strong sericite alteration, and strong pyrite and arsenopyrite mineralization. Veining, alteration, mineralization, and width are the most important factors for assessing zone potential as drilling occurs. The eight holes were drilled near surface on Yellorex North as this represents one of many under explored targets in the area.

The target area is only 1 kilometre south of existing infrastructure, and tested only by one hole in 2022, GTCM22-039, which returned two mineralized zones returning 3.31 g/t Au over 6.00 metres from 306.0 to 312.0 metres and including 5.39 g/t Au over 2.0 metres from 309.00 to 311.00 metres, and 2.18 g/t Au over 5.0 metres from 324.00 metres to 329.00 metres.