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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 Crashtestdumby1on Dec 10, 2024 9:58am
87 Views
Post# 36354481

RE:RE:Keep the dream alive

RE:RE:Keep the dream aliveI think this comment is the most relevant from the last press release:

Our wedging program is scheduled to restart in early January to test the Campbell shear structure from our completed master hole GTCM24-056 below the existing workings of the Con Mine which produced 5.1 Moz of gold at an average grade of 16 g/t.."

We are so close to the shear and we need the wedges to have great results in January.  The only way to get the share price up is the updated resource.  Without an updated resource and better share price we will never be able to afford the $8m purchase of the mine or to start our own.  I don't think the math works at all.  We would need a reverse split to resize if there are problems.

January / February I hope are the start of the turnaround.  I am a believer, but we need prove it to go anywhere.  Personally I hope for a strong buyout if we can prove there a couple million oz under the Con.  I do believe it would be targeted with 3 mill oz proven hopefully.


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