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Bullboard - Stock Discussion Forum Gold Terra Resource Corp YGTFF


Primary Symbol: V.YGT

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... see more

TSXV:YGT - Post Discussion

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Post by Crashtestdumby1 on Nov 19, 2024 1:46pm

Wedges

Its painful waiting for the start date of the first wedge.

Any ideas on how long it takes to do complete the wedge once started?

Any ideas on how long to transition to the second or third wedge?

This is not a winter drill program so I had thought they would want to speed this up and start before the really bad weather.  I understand they may be waiting to close the second finance deal but they do have the $ from the first one.

Might take a month or two to get the drill back too?
Comment by red on Nov 20, 2024 1:57pm
The details of the illustrious first wedge is a a function of whether that shear is 20 meters or 200 + meters from hole 056 .... then add to the function of the depth or width of the CS once he hits it .... so we are in a hold pattern on info once GP announced he has started and that he has hit the shear.  I doubt the drill left YK and may not even have left the site, surely it would need ...more  
Comment by CaseProdemo on Nov 20, 2024 8:31pm
There is no date for the start of the wedge program. I the latest update on future plans all the way to 2029 the program is ongoing in 2025 but no start date. He also wants to go back north to mispickle. It is all pending on available funding.  I see not much drilling going with the stock at rock bottem and as soon as it goes up so will the drilling. Frustrading but understandable.
Comment by red on Nov 22, 2024 7:52am
GP is in Zurich, so who know what rabbit he pulls out of the hat .....we know he has a big following in Europe and will be at the table with all the right people talking the same language of gold and other PMs.  As usual it's wait n see. 
Comment by CaseProdemo on Nov 22, 2024 2:08pm
We are in a critical period for the company and the whole sector as well. Things are looking up if you look at precious metals prices at reccord hight but valuations are at bottom levels.New money is not available or too expensive for old shareholders.Why sell the company for almost nothing? We have too many exploration companies that will never be a mine and most will never find something worth ...more  
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