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gta resources and mining inc (GTA) Snapshot

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gta resources and mining inc (GTA) Details

GTA Resources and Mining Inc., a development stage company, is engaged in the acquisition and exploration of mineral properties in Canada. The company primarily explores for gold ores. Its flagship project includes the Northshore Project consisting of 2 unpatented and 5 patented mineral claims covering an area of approximately 322.26 hectares located in the Township of Priske, Ontario. The company was formerly known as GTA CorpFin Capital Inc. and changed its name to GTA Resources and Mining Inc. in June 2010. GTA Resources and Mining Inc. was incorporated in 2006 and is based in Burlington, Canada.

Founded in 2006

gta resources and mining inc (GTA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$147.5K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: C$107.5K
Executive Vice President of Corporate Develop...
Total Annual Compensation: C$107.5K
Vice President of Exploration, Director and M...
Total Annual Compensation: C$168.0K
Compensation as of Fiscal Year 2014.

gta resources and mining inc (GTA) Key Developments

GTA Resources and Mining Inc and Balmoral Resources to Form Joint Venture to Advance the Northshore Property

GTA Resources and Mining Inc. announced that it has advised Balmoral Resources Inc. that GTA will not exercise its second option under the Northshore Property Option Agreement. As a result GTA and Balmoral will now form a participatory joint venture to further explore and develop the Northshore Property in Ontario. GTA will hold an initial 51% interest in the joint venture and be the initial joint venture operator.

GTA Resources and Mining Inc. Provides an Update on its Ontario Projects

GTA Resources and Mining Inc. provides an update on its projects in Northern Ontario and outlines exploration plans for the second half of 2014. Northshore Gold Project - GTA has now completed all its requirements under the First Option portion of the Northshore Property Agreement between GTA and Balmoral Resources Ltd. It has delivered to Balmoral the Exercise Notice to vest the company's initial 51% interest in the Northshore Property. GTA has the right to acquire an additional 19% interest in the Property under a Second Option and has 30 days to advise Balmoral whether it will do so, or elect to form a 51/49 joint venture on the Property with Balmoral. The June 2014 technical report, outlining the maiden 43-101 compliant resource estimate for the Afric Zone, located on the Northshore patented claims, has now been filed on SEDAR. The report outlined an indicated resource of 391,000 oz gold in 12,360,000 tonnes at a grade of 0.99 g/t gold, and an inferred resource of 824,000 oz gold in 29,580,000 tonnes at a grade of 0.87 g/t gold, using a 0.5 g/t cutoff grade. Going forward the focus of GTA's efforts at Northshore will be on expanding the bulk tonnage Afric Zone and the near surface, higher grade mineralization within the central part of the Zone. This work will include detailed drilling, metallurgical sampling, environmental base line studies and examination of custom and on-site milling scenarios. Northshore, near the community of Schreiber, Ontario, has excellent logistics and is located approximately 200 km east of Thunder Bay, and 100 km west of Hemlo. Ivanhoe Project - GTA staked an additional 47 units in 4 claim blocks in the central part of the Ivanhoe Property, increasing the size of this recently acquired project to over 102 sq. km. The Ivanhoe Property is located along extensions of both the Borden Lake trend and the Porcupine Destor Fault zone, and hosts a number of early stage gold showings and trends. These include the past producing Joburke Mine trend towards the south, and the auriferous Slate Rock Lake Deformation zone in the northern part of GTA's claim block. This latter zone has been interpreted to be the western extension of the Porcupine-Destor Fault zone. GTA plans a three month program of prospecting, geochem sampling, historic drill core resampling and compilation of existing ground geophysics and geology. This program will focus on relocating and delineating the historic mineralization, and on "boot and hammer" prospecting along the trends. Drilling and/or trenching is tentatively scheduled for late 2014 or winter 2015, once the targets have been prioritized.

GTA Resources and Mining Inc. Announces the Resignation of Peter M. Clausi as A Director of the Company

GTA Resources and Mining Inc. announced the resignation of Peter M. Clausi as a director of the company. Peter was instrumental in the formation of GTA and has been involved in the management of the company since its inception. Peter will continue on as an officer of the company as EVP Corporate Development and General Counsel.


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