Gold Terra Resource Corp. announced that preparations are underway on the 2023 drill program to start on January 16, 2023. The Company intends to drill an additional 10,000 metres on the Con Mine Option property, with the objective of delineating additional ounces at depth and along strike on the Campbell Shear.

The Company will also be preparing a deeper target in the main plunge of the deposit, where previous mining was stopped in high-grade shoots below -1900 metres, where the Robertson shaft is located. Geological interpretation of the Campbell shear, below the Con Mine operation suggests a very good high-grade potential to be tested. 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.

The mineral resource estimate on the CMO property includes three gold deposits - Yellorex Main, Yellorex North, and Kam Point and consists of an underground indicated mineral resource of approximately 0.82 million tonnes averaging 7.55 g/t Au for 109,000 ounces of contained gold and an underground inferred mineral resource of approximately 2.0 million tonnes averaging 6.74 g/t Au for 432,000 ounces of contained gold.