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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 10, 2024 1:37pm
138 Views
Post# 36081251

Hole 056

Hole 056I did mean our succes for current shareholders may hinge on these 056 results.
Worst case is what I am talking about. I still beleive we will be succesfull below the Con deposit and end up buying the con mine. Let's say I give it 20% it is not going to happen.
If we do not find more gold and he decides not to buy the con mine, the stock price will stay low and he will have to dilute again for even lower numbers. Going north will be possible without the con but set us back a couple years at a minimum and the stock will be stuck untill we have a plan to put a mill in North of town.Still a great project for new shareholders like Sprott but not so much for us old ones that payed a lot more.GP will be fine as long as he keeps his job for 350k.This hole is that important in my oppinion. 

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