Gold Terra Intersects Two Main High-Grade Zones of 18.79 g/t Gold over 4.00 metres and 14.42 g/t Gold over 4.00 metres on Yellorex Zone, Yellowknife, NWT

About this update from Gold Terra Resource Corp.

[{"type":"text","content":"Gold Terra Intersects Two Main High-Grade Zones of 18.79 g/t Gold over 4.00 metres and 14.42 g/t Gold over 4.00 metres on Yellorex Zone, Yellowknife, NWTVANCOUVER, BC / ACCESSWIRE / May 17, 2022 / Gold Terra Resource Corp. (TSX-V:YGT)(Frankfurt:TX0)(OTCQX:YGTFF) (\"Gold Terra\" or the \"Company\") is pleased to announce assay results for two (2) holes, GTCM22-031 and 040 designed to test the Yellorex zone. Drill hole GTCM22-040 was drilled on Yellorex to test a gap in the drilling and confirmed two mainhigh-grade zones returning 8.00 g/t gold (Au) over 11.00 metres including 18.79 g/t Au over 4.00 metres, and 14.42g/t Au over 4.00 metres including 27.75 g/t Au over 2.00 metres. The Yellorex zone is situated on the Con Mine Property recently optioned from Newmont Canada FN Holdings ULC and Miramar Northern Mining Ltd., both wholly owned subsidiaries of Newmont Corporation (see November 22, 2021 press release).The 2022 drill program along the Campbell Shear (CS) structure is well underway with a total of 14 drill holes (GTCM22-027 to 22-040) completed to date for a total of 7027 metres. The program is testing the Yellorex zone between surface and a 600-metre vertical depth along a 300-metre strike length, while the other drill rig is testing the CS at a depth of 1000 metres below surface in an area previously explored and where historic hole Y88 intersected gold mineralization of 13.72 g/t Au over 5.27 metres outside of the Con Mine underground workings.Chairman and CEO, Gerald Panneton, commented, \"We are continuing to tighten the drilling on the Yellorex zone in preparation for an updated mineral resource estimate by year-end and we expect to add ounces from the Yellorex zone. Our 2022 program is well underway to test the extension of the Campbell Shear at depth, and in the southern extension of the gold enriched structure.\"The location of holes GTCM21-031 and 040 is shown in the following Figure 1:Figure 1: Location of holes GTCM22-031 and 040.Drilling ResultsHole GTCM22-031 is a hole drilled as part of the Mining Incentive Program (MIP) financed by the NWT government. Gold Terra received a grant of $100,000 to test the Campbell Shear north of the Yellorex fault where it was interpreted to be cut-off. The hole intersected the Campbell Shear, which was preserved at depth. The shear was intersected from 59 to 196 metres and was...

More updates from Gold Terra Resource Corp.