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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

Post by CaseProdemoon Jun 03, 2023 10:11am
229 Views
Post# 35478351

Deep drill all year

Deep drill all yearIf this first deep hole finds a pocket he has the money to do this all year to cover almost a km long 300 meters deep . That is not looking for a new gold  discovery but looking for how much gold is left in the actual mine. You need to look at it a bit different this year. He is forcing a mining decision this year. Is it going to be with the con or are we doing a re-set, looking for more gold and at least adjust the mining plan for a smaller production profile to get it started. This is where he will pull another rabbit out of the hat. Several ways to skin this cat. Fingers crossed that we get the con option finalized but it is not all or nothing. IMO. 
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