Gold Terra Resource Corp V.YGT

Very nice!

[LeNailMaker]

https://money.tmx.com/en/quote/YGT/news/6084320085407190

[Tuckerthefox]

Hold on to your hats. Wow!

[red]

The gap between 1.2 and 2 mil oz ( GP's FS threshold) is being filled with every hole drilled, in my case, without clearly understanding all the math associated with developing the resource I get a sense that he is there or very very close to his target of 2 and am asking myself how much more might he find? Bull dog on the bone situation going on here...drill drill drill... nice to see a

[Tuckerthefox]

Can someone do the math for us, we must be close to 2mil

[Tuckerthefox]

Chairman and CEO, Gerald Panneton, commented, "We are continuing to tighten the drilling on the Yellorex zone in preparation for an updated mineral resource estimate by year-end and we expect to add ounces from the Yellorex zone. Our 2022 program is well underway to test the extension of the Campbell Shear at depth, and in the southern extension of the gold enriched structure." By Year

[Systemtogo]

Do you mean 2 mil including the 1.2 already inferred?

[red]

If referencing my post ...yes ....whatever it takes to get to that 2 m oz threshold  new added at MP, new added from yellorex drilling, add what's already at Con ....as soon as assays done along with our 1.2 ....we gotta be there and he is about a third into his drilling plan ? altho I don't know what they have to do to add existing con into the picture, but banking that he will

[geolith]

These are very nice, and not unexpected results. To put some perspective on this, look at the section in the relase that shows GTCM22-040 with two hits at 8 gpt over 11 m and 14.42 gpt over 4 m.  Assuming the third dimension is similar (look at adjacent holes GTCM22-03, 14, 22, and 30) they appear to be about 50 m away from any other interscepts and so would influnce quite a large area. 

[Tuckerthefox]

Thanks geo

[red]

Very interesting and nice to see perspective - as usual - much appreciated  

[geolith]

It is also very useful to look at what is being added and at what cost.  Adding 50,000 ounces in a single hole is very good.  That hole is a deep one, but really must have cost between $150k and $250k.  Adding ounces at $20 to $40 per ounce is wonderful.  If they have twice that gold added, and the adjacent holes support that, then the costs could drop to $5 to 10 per ounce