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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 Oct 03, 2024 8:44am
61 Views
Post# 36251284

RE:RE:RE:RE:Big gold miners

RE:RE:RE:RE:Big gold miners

From my perspective it was well received ... GP is good at this. Down side is we are not drilling wedges until we have more money, which sucks but is the reality he /we face. 

prior to this meet he had two tours of the site by city and gov officials incl MVWB . From that he says there was discussion of a solar farm at the site to which he says there is lots of room. He is in discussions with TliCho about power ( snare hydro) , I suspect he would have an interest in share some cost of expansion if required. But also touched on LNG generators as a possibility and that he has done it before. 

at least one was concerned with affect on walking trails.

He did admit to his mistake of over drilling 056 in hopes of hitting there shear and sounds like he used up his wedge money doing so but that he also has plenty of space for more wedges and that the shear could be 20 metrrs or two hundred meters but is confident it's there. 

another was concerned with time lines of environmental approval  to which he replied that this is an existing permited mine ... and we all know he would exploit that and he did reply " how do you think I was able to do Detour" .... he also challenged the audience to find another geologist who have previously built 3 gold mines lol ... he is obviously confident 

all in all pretty good but disappointed to hear on wedges  and lack of progress thereof. 

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