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Gold Terra Expands High-Grade MP-Ryan Zone With 31.89 G/T Au Over 3 Metres Including 69.4 G/T Au Over 1 Metre, Northbelt Mispickel Area, Yellowknife, NWT

Gold Terra Resource Corp.

VANCOUVER, BC / ACCESSWIRE / June 7, 2022 / Gold Terra Resource Corp. (TSXV:YGT)(Frankfurt:TX0)(OTCQX:YGTFF)("Gold Terra" or the "Company") today announced assay results for three (3) additional drill holes, GTCM22-004, 008 and 014 designed to expand high grade mineralization in the Mispickel area. Drilling continues to extend gold mineralization in the new high-grade MP-Ryan Zone, a second zone situated west of the main Mispickel area that has the potential to add ounces to the original Mispickel zone, with both zones near surface. To date, the Company has released 8 holes out of the 19-hole winter program which totals 6011 metres.

Significant intersections for the three holes in the MP-Ryan Zone include:

  • GTWL22-014- intersected 31.89 g/t gold (Au) over 3 metres including 69.4 g/t Au over 1 metre
  • GTWL22-004 - intersected 7.63 g/t gold over 3 meters, including a visible gold-bearing vein which returned 22.5 g/t Au over 1 meter
  • GTWL22-008 - intersected 4.17 g/t Au over 6 meters, including 11.35 g/t Au over 1 meter, and including 11.8 g/t Au over 1 meter

Chairman and CEO, Gerald Panneton, commented, "These high-grade drill results indicate that the MP-Ryan Zone is developing into a new high-grade gold zone approximately 100 to 150m west of the main Mispickel area. This additional high-grade gold zone is a great indication of a larger system than previously thought in this area and opens up the whole area for other significant high-grade discoveries. The Mispickel area will be part of our updated NI 43-101 resource scheduled to be announced in Q4 of this year. The Mispickel area is situated 20 kilometres north of Yellowknife and complements our flagship Con Mine Property where we are currently drilling at depth along the Campbell Shear south of the Con."

Gold Terra Resource Corp, Monday, June 6, 2022, Press release picture

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