(GTA.V) Nov. 9, 2018 – GTA Resources and Mining Inc. has announced the initiation of an approximately 1,000-metre drill program at its Northshore gold project in the Hemlo-Schreiber gold belt of Ontario.
Several of GTA’s prior drill holes terminated in mineralization at depth. The deepest hole to date (WB-12-33) undercut the central part of the Afric zone with results including 1.37 g/t gold over 68 metres. This intersection was 350 metres below surface, and two of the proposed holes in this new program are targeted to intersect the Afric zone along strike and at a similar elevation to the WB-12-33 intersection.
Pursuant to the previously announced loan of $425,000 from an arm’s length lender, GTA will have the capital required to complete the program in calendar 2018 and thereby to honour its 2018 flow-through obligations.
GTA Resources is a mining exploration company focused on gold and base metals opportunities in proven mining camps in Ontario and Newfoundland and Labrador.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.