As inflation grows rampant across many sectors, to levels not seen in decades, it only seems a matter of time before gold leaves its side ranging pattern of late. Gold Terra Resource (TSXV:YGT)(OTCQX:YGTFF) (FRA:TXO) aims at making the most of it, as the current President and CEO David Suda is stepping down on December 31, 2021 to pursue other opportunities.
The much anticipated Phase 1 drilling program, testing the southern extension of the Campbell Shear of the Yellowknife City Gold Project (1.2Moz Au Inferred resource), is well underway now, and the results are pleasing management of Gold Terra(TSXV:YGT)(OTCQX:YGTFF)(FRA:TXO) as it confirms historical drilling results.
As Gold Terra Resource Corp. (TSXV:YGT)(OTCQX:YGTFF)(FRA:TXO) has been drilling their Yellowknife City Gold project diligently since the company turnaround, the first resounding results of their work were announced to the public on March 16, 2021. The NI43-101 compliant Inferred resource increased from 735k Inferred oz Au to 1.207M Inferred oz Au, and this is still without the inclusion of (not yet disclosed) drill results from the Campbell Shear, one of the highest priority targets at Gold Terra’s district scale Yellowknife City Gold Project.
When the mining industry is facing a gold bull market as it is now, many new opportunities are created in all kinds of forms and shapes in order to profit from it handsomely. This can for example b e done through putting private assets into listed entities, buying new assets, creating a new vision for existing assets, but also turning around existing companies that have solid assets but not the management to make it a success.