GOLD TERRA RESOURCE CORP - YGTFF STOCK NEWS

Gold Terra Resource Corp. announced promising assay results for four drill holes in the Mispickel area, extending the MP-Ryan Zone by at least 200 metres north. Hole GTWL22-007 recorded 3.59 g/t gold over 7 metres, including 8.02 g/t over 2 metres. Of the 19 holes drilled in the winter program totaling 6011 metres, visible gold was found in 10 holes. The company aims to delineate a high-grade gold resource to enhance its current 1.2 Moz inferred resources as part of its 2022 drilling efforts, which will encompass approximately 40,000 metres in total.

Gold Terra Resource Corp. announced promising assay results from three drill holes in the Yellorex zone, part of the Con Mine Property. Drill hole GTCM22-030 intersected 6.41 g/t gold over 26.50 metres, including notable grades like 14.15 g/t over 5.50 metres. The data supports metallurgical testing for an updated resource estimate expected by year-end, aiming to increase the current 1.2 million inferred ounces of gold. The company plans a significant drilling campaign in 2022 to expand its gold resource.

Gold Terra Resource Corp. announced promising results from drill hole GTWL22-002, intersecting 19.00 g/t gold over 4.0 metres, including 73.9 g/t gold over 1 metre in the Mispickel area. This discovery extends the newly identified high-grade MP-Ryan Zone by 200 metres north of the main Mispickel site. The company’s winter drilling program has seen visible gold in ten of the first thirteen holes. A total of 40,000 metres will be drilled in 2022 to enhance the current 1.2 Moz inferred resources.

Gold Terra Resource Corp. reports strong assay results from drill hole GTCM22-029, intersecting 3.61 g/t gold over 4.55 metres, with a peak of 15.75 g/t over 0.75 metres at a depth of 30 metres on the Con Mine Property. The company is advancing its drilling program with four drill rigs, targeting 30,000 metres in 2022, aiming to expand its 1.2 million inferred ounces of gold resources. The TSX Venture Exchange has accepted the option agreement to acquire assets from Newmont, boosting its exploration efforts in high-grade areas.

Gold Terra Resource Corp. has successfully completed its bought deal financing, raising C$5.6 million. The offering included the issuance of 8,912,500 charitable flow-through shares at C$0.30 each, 8,046,700 traditional flow-through shares at C$0.24, and 4,761,966 common shares at C$0.21. The proceeds will fund Canadian exploration expenses and general corporate purposes. The participation of directors and officers in the offering raises transparency concerns, but it was exempt from certain regulatory requirements. Gold Terra aims to enhance its Yellowknife City Gold Project, a significant gold mining area in Canada.

Gold Terra Resource Corp. has initiated its 2022 drilling program on January 20, targeting the Campbell Shear south of the Con Mine Property. The drilling will focus on extending high-grade gold mineralization, following previous successful intersections, including up to 19.74g/t gold over 5.44 metres. The company aims to drill approximately 20,000 metres in the first half of 2022 to potentially increase its current 1.2 million inferred ounces of gold resources. This initiative is part of its strategy to re-establish Yellowknife as a top gold mining district.

Gold Terra Resource Corp. (TSXV:YGT, OTCQX:YGTFF) has announced significant assay results from drill hole GTCM21-022 on the Yellorex Zone at the Con Mine Property. The hole intersected high-grade gold mineralization of 19.74 g/t over 5.44 meters and 4.16 g/t over 11.23 meters. These results extend the gold-bearing zone by over 50 meters. The company has completed a drilling program of 26 holes totaling 12,687 meters and plans to resume drilling in January 2022, aiming for approximately 40,000 meters of drilling to further define gold resources.

Gold Terra Resource Corp. (YGTFF) announced a significant restructuring of its senior management team as it intensifies exploration efforts, particularly on the Con Mine acquisition. Effective December 31, 2021, Mr. David Suda will step down as President and CEO, transitioning to a part-time consulting role. Mr. Gerald Panneton will take over as CEO from January 1, 2022, while maintaining his role as Executive Chairman. The Company's current inferred mineral resource stands at 1.21 million ounces, with a focus on the Campbell Shear extension to boost shareholder value.

Gold Terra Resource Corp. announced assay results from five drill holes (GTCM21-017 to GTCM21-021) as part of their 10,000 metre drilling program on the Yellorex Zone at the Con Mine Property. Significant gold mineralization was confirmed, extending the Yellorex Zone by over two kilometers. Notable assay highlights include GTCM21-20, which intersected 2.38 g/t Au over 4.70 metres, and GTCM21-21, with 1.24 g/t Au over 11.00 metres. The company plans to continue drilling and expand into underexplored zones in 2022, enhancing its current inferred resource of 1.2 million ounces.