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Gold Terra Resource Corp Announces Assay Results from 2026 Winter Drill Program Targeting Yellorex Zone
Gold Terra Resource Corp. announced assay results from an additional eleven holes of the 2026 Winter Drill Program targeting the Yellorex zone immediately south of the past producing Campbell Shear, historic Con Mine. The current drilling program aims at confirming some historical holes and to potentially expand Company’s near surface Mineral Resource Estimate on the Con Mine Option property. Assay results are shown in Table 1 and include: Hole GTY26-22 which intersected 5.88 g/t Au over 19.00 metres from 268 metres to 287 metres downhole, including 18.50 g/t over 4 metres starting at 268 metres, including 27.50 g/t over 2 metres starting at 269 metres, and including 6.72 g/t over 5.5 metres starting at 281.5 metres which includes 9.18 g/t over 3.53 metres starting at 282.47 metres. Hole GTY26-011 intersected 2.18 g/t Au over 26.1 metres from 195.7 metres to 221.8 metres, including 10.27 g/t over 3.2 metres starting at 207.9 metres, and including 3.71 g/t over 3.1 metres starting at 218.7 metres. Hole GTY26-018 intersected 19.39 g/t Au over 3.5 metres from 67 metres to 70.5 metres. Under the Con Mine Option purchase agreement, the Company has the right to acquire 100% of the CMO property from a subsidiary of Newmont Corporation, subject to the fulfillment of certain conditions set out in the agreement, as reported in the Company's news release dated November 22, 2021. Gold Terra’s option on the CMO with Newmont is until November 21, 2027. Assay intersections from holes GTY26-011, 014, 015, 016, 017, 018, 019, 020, 022, 023A and 024 are shown in Table 1. All Yellorex drill holes intersected the Campbell Shear, characterized by quartz–ankerite and smoky quartz veining with strong sericite-dominated alteration, a key association with gold mineralization in the CS. The main geological host is mafic volcanic. The deposit remains open at depth, illustrating the potential to add resource ounces. Table 1 – 2026 Yellorex Assay Results: GTY26-0011, 0014, 015, 016, 017, 018, 019, 020, 022, 023A, 024: Hole GTY26-011 174.7 to 175.9 metres, width 1.2 metres, Au 1.58 g/t; GTY26-011 181.1 to 181.6 metres, width 0.5 metres, Au 2.53 g/t; GTY26-011 195.7 to 221.8 metres, width 26.1 metres, Au 2.18 g/t, including GTY26-011 207.9 to 211.1 metres, width 3.2 metres, Au 10.27 g/t, including GTY26-011 218.7 to 221.8 metres, width 3.1 metres, Au 3.71 g/t; GTY26-014 199 to 235.9 metres, width 36.9 metres, Au 1.06 g/t, including GTY26-014 199 to 203.9 metres, width 4.9 metres, Au 1.20 g/t, including GTY26-014 209.2 to 213 metres, width 3.8 metres, Au 2.22 g/t, including GTY26-014 232.2 to 235.9 metres, width 3.7 metres, Au 3.50 g/t; GTY26-015 290.8 to 293.1 metres, width 2.3 metres, Au 1.28 g/t, GTY26-015 316.5 to 318.1 metres, width 1.6 metres, Au 4.29 g/t; GTY26-016 254.8 to 255.9 metres, width 1.1 metres, Au 0.86 g/t; GTY26-017 266 to 276.9 metres, width 10.9 metres, Au 0.53 g/t, including GTY26-017 266 to 266.5 metres, width 0.5 metres, Au 1.99 g/t, including GTY26-017 274.9 to 276.9 metres, width 2 metres, Au 1.82 g/t; GTY26-018 67 to 70.5 metres, width 3.5 metres, Au 19.39 g/t; GTY26-019 66 to 68 metres, width 2 metres, Au 0.66 g/t; GTY26-020 436.5 to 442.5 metres, width 6 metres, Au 1.07 g/t; GTY26-022 268 to 287 metres, width 19 metres, Au 5.88 g/t, including GTY26-022 268 to 272 metres, width 4 metres, Au 18.50 g/t, includes GTY26-022 269 to 271 metres, width 2 metres, Au 27.60 g/t, including GTY26-022 281.5 to 287 metres, width 5.5 metres, Au 6.72 g/t, includes GTY26-022 282.47 to 286 metres, width 3.53 metres, Au 9.18 g/t; GTY26-023A 328.8 to 329.3 metres, width 0.5 metres, Au 1.08 g/t; GTY26-024 303.55 to 304.55 metres, width 1 metre, Au 0.51 g/t. Significant assay intersections in the 2026 drill holes are shown in long section. The Yellorex area drilling targets are where the Company has already outlined a Mineral Resource Estimate in 2022, and where there is potential for additional resource ounces to be added between surface and 700 metres depth. Currently Planned Upcoming 2026 Catalysts: Drill program targeting the 103N Zone north extension of the Campbell Shear, Drilling the Historical tailings for potential unrecovered gold to start in August 2026, Third Quarter 2026 Mineral Resource Estimate, adding 20,000 metres of past drilling including 50% alone for the Walsh Lake gold corridor, Year End 2026 Preliminary Economic Assessment, Gap analysis and baseline studies for the Initial Permitting process. This news release reports the assay results from eleven drill holes from which 509 core samples were assayed. Assays results range from non-detectable gold to a highest assay of 36.6 g/t Au. The Company inserts certified standards and blanks into the sample stream as a check on laboratory Quality Control. Drill core samples are NQ size core, cut by diamond saw at Gold Terra’s core facilities in Yellowknife. A halved core sample is left in the core box. The other half core is sampled and transported by Gold Terra personnel in securely sealed bags to ALS preparation laboratory in Yellowknife. After sample preparation, samples are shipped to ALS’s Vancouver facility for gold analysis. Gold assays of greater than 3 g/t are re-assayed on a 50 g split by fire assay with gravimetric finish. Samples with visible gold are additionally assayed using a screen metallic method. ALS is a certified and accredited laboratory service. ALS routinely inserts certified gold standards, blanks and pulp duplicates, and results of all QC samples are reported. Drill holes were drilled at right angles to the structure hosting the mineralization and dip angles of holes were designed to intersect the zones as close to normal as possible. Zones reported here are interpreted to be approximately 90 percent true thickness. The technical information contained in this news release has been reviewed and approved by Joseph Campbell, a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and Senior Technical Advisor for the Company.
