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Gold Terra Resource Corp V.YGT

Alternate Symbol(s):  YGTFF

Gold Terra Resource Corp. is a junior gold exploration company. It holds a portfolio of gold exploration assets in the mining jurisdictions of the Northwest Territories and New Brunswick. Its Yellowknife Project (YP) encompasses 918 square kilometers of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. The district-size property lies on the prolific Yellowknife greenstone belt, covering nearly 70 kilometers of strike length on the southern and northern extensions of the shear system that hosts the Con and Giant gold mines. YP comprises the Northbelt, Southbelt, Eastbelt and Quyta-Bell properties. Its Con Mine Option Property is located beside the City of Yellowknife and adjacent to its 100% owned Yellowknife City Gold Project in the Northwest Territories. It also holds the Mulligan gold project in New Brunswick. It is also focused on its drilling on the prolific Campbell Shear, where over 14 Moz of gold has been produced.


TSXV:YGT - Post by User

Comment by redon Nov 02, 2022 8:08am
97 Views
Post# 35065508

RE:RE:RE:RE:RE:napkin #3

RE:RE:RE:RE:RE:napkin #3

Funny you should say that ....I noted that comment on noise as well. ( and am very familiar with that noise from con when it was operational) But he also said previously, that a new mill  20 min north of town and then haul 1000 tpd from the con site was a possibility meaning a new permit process,  He also mentioned his confidence on his ability to push the possible development in ways that he knows from past experience that it was not impossible to do such in 5 or six years ( remains to be seen and explained).

then of all things he even touched on hauling concentrate south to facilities that could handle our high grade ore (with some level of arsenic) and when questioned on that note that said it was way to early to discuss and that it was remote.....however there is a brand new rail spur built at enterprise NWT that connects him to the national rail grid.

the man has options and is impossible to figure out what's going thru his experienced mind but he will execute an analysis of all options and may even come up with plan that is a combination of things, all dependant on the size of the resource he develops. 

in these times I am pretty confident that the city of yellowknife will not turn down a 20 plus year job and revenue development on its door step that will be endorsed by local First Nations groups who will be a big part of what ever comes of this. Both serious FN groups are already a big part of mining around YK and north. YKDFN is already mining the only RE mine in canada east of YK. The city of yellowknife clearly is on board with anything that reeks revitalization cause when those diamond mines downsize or close ( inevitable) they ( we) know what looms as do FN groups.

no options off the table on this one but one thing remains ....build the resource, solutions come quick.

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