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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 CaseProdemoon Mar 02, 2024 8:43am
85 Views
Post# 35910946

RE:RE:Newmont news

RE:RE:Newmont newsRemember Red we own all the land now. It was divided up in many hands back then, what made it unattractive for Newmont to explore and they also had the Giand mine disaster next door in a town that had enough of mining bosses lying to them. They made a call to go elswhere and left to do very well for themselves without all the headache. Now here we are 20 years later with unfinished exploration to do in a whole new situation and options to go anywhere we want. In a town that is no longer hostile to us mine owners. We can bring jobs and money and do it without polluting the town. One mans loss is an other mans gold. Newmonts news does affect us. They are only interested in big mines that produce at least over 250k ounces. That is not us.At least not yet. In the agreement it is going to cost them over 100 million to buy back 51% what they already own. Only 5 miles of the shear. Or they buy us out for a lot more money getting 150k producer with all the land to find more. It is possible but unlikely. Like you said unless GP finds the motherload.
The whole world wants a peice of that and we will be rich.LOL.
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