GTA is a well funded mineral exploration company, focused on the development of gold properties in Canada
GTA Resources has an excellent portfolio of gold properties in pro-mining jurisdictions from advanced drilling to grassroots exploration stage:
- Northshore – Detailed drilling on the Afric Zone, a large gold system near Hemlo, Ontario. Historic resource of 135,000 oz is wide open for expansion. GTA intersections over past 14 months include both high grade (12.49 g/t Au over 33.2m) within a widespread lower grade gold envelope (0.58 g/t Au over 343.8m)
- Squid East – Opportunity to be first-in on testing a new gold area by testing an excellent gold-in soil anomaly in the unglaciated White Gold District, Yukon. The main soil target is highly anomalous (up to 1086 ppb Au, 78.5ppm Ag and other pathfinders), exhibits remarkable continuity between sample sites and has a minimum area of 450m by 200m proximal to an existing place gold operation.
- Auden – 100% interest in an 85 km long block of claims covering a relatively untested part of the eastern extension of the Geraldton Gold Belt.
Extremely tight share/corporate structure and an experienced and successful management and geological team
- 25.5 million shares outstanding (29.8M fully diluted)
- Management and insiders have approx 7 million shares
- Treasury of $4.2 million
Scheduled to continue exploration and advance its projects through the remainder of 2013
- February to June – 2500 meter drill program focused on the Afric Zone extensions. Continue modeling the near surface plus 1.0 g/t Au zone and the high grade veins.
- June to September – Complete evaluation of Squid East gold-in soil anomaly to include trenching and 400m of drilling. Explore the immediate extensions of the gold trend with geochemistry and airborne geophysics.
- February to December – Complete exploration agreement with Constance Lake First Nation at the Auden project and initiate linecutting and geophysics on priority targets Negotiations are in progress to farm-out various blocks to other juniors.