Gold Terra Resource Corp. announced the start of a second deep drill hole to continue establishing the extension of high-grade gold mineralization in the Campbell Shear below the Con Mine underground workings on the Con Mine Option (CMO). 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.

The first deep drill hole, GTCM23-055, was a success in confirming gold mineralization 200 metres below existing underground workings and extending the CS with a typical gold intersection of 12.73 g/t Au over 1.7 metres. While the drilling operator was completing a lateral wedge from this master hole targeting the CS some 75 metres north of the first intersection, the drilling operator made a mistake with setting up a second wedge, and the hole had to be abandoned. The second deep drill hole is estimated to intersect the CS, some 600 metres below the underground workings, which will allow the company a bigger area to add multiple wedges, and intersections of the CS.