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gta resources and mining inc (GTA) Details

GTA Resources and Mining Inc., a development stage company, engages 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$50.0K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: C$120.0K
Executive Vice President of Corporate Develop...
Total Annual Compensation: C$120.0K
Vice President of Exploration, Director and M...
Total Annual Compensation: C$192.0K
Compensation as of Fiscal Year 2013.

gta resources and mining inc (GTA) Key Developments

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.

GTA Resources and Mining Inc. Provides Drilling Update at the Auden Graphite Project and Northshore Gold Projects

GTA Resources and Mining Inc. provided an update on its exploration programs at both the Auden Graphite and Northshore Gold projects. Auden Graphite - Diamond drilling has commenced at GTA's Auden graphite project initially targeting three isolated electromagnetic (EM) conductor targets located in the central "Hockey Puck" area. These anomalies are characterized as isolated, moderate to strong bedrock conductors, and all are located within or proximal to the southern extension of the alkaline intrusive complex that hosts Zenyatta Ventures Ltd.'s Albany graphite deposits. All three anomalies appear to be non-magnetic, are accessible by winter trail, and have not been previously drill tested. GTA is also continuing its ground geophysical program of locating and evaluating several other EM conductors identified from the airborne surveys and anticipates further drill testing as these priority targets are outlined. The Albany graphite deposits, located 5.5 km north of GTA's property, were initially discovered by Zenyatta, while testing electromagnetic (EM) targets, and have been described as breccia pipes (diatremes) with dimensions in the order of 200 m by 400 m. GTA's management and geological consultants believe that the graphite breccia pipes that exist on Zenyatta's Albany Project are similar to kimberlite pipes and are likely to occur in clusters along structural corridors that may extend onto GTA's Auden Property. An Ontario exploration permit is in place and an exploration agreement with Constance Lake First Nation allows for a co-operative continuous field program to evaluate the graphite and other mineral potential on the Auden Property. Northshore Gold - Consulting geologists, Doug Blanchflower, P. Geo of Minorex Consulting Limited., and John Reddick, P. Geo. of Reddick Consulting Inc., have been retained to complete a NI 43-101- compliant mineral resource estimate for the Afric Zone on GTA's Northshore Gold Property. GTA has now completed a total of 52 holes, totaling 11,390 metres, and has identified the Afric Zone as an intrusive-related porphyry style gold system. The drilling completed by GTA has delineated the gold zone over a surface area of approximately 500 by 350 metres, to a depth of 350 metres beneath the surface and containing a shallow, central higher grade sub-zone. GTA's drill data, combined with results from previous operators, is currently being evaluated and modeled by Messrs.' Reddick and Blanchflower, who have a wealth of expertise in mineral exploration and mineral resource estimation. This will be the first NI 43-101 Technical Report for the Northshore Gold Project that contains a mineral resource estimate in accordance with CIM standards. GTA expects the work to be completed by March 2014. The Northshore project is subject to an option agreement with Balmoral Resources Ltd., whereby GTA can earn an initial 51% interest. GTA has made all of the shares and cash payments and GTA fully expects to earn a 51% interest in 2014. GTA can then elect to earn up to a 70% interest in the Northshore by making additional cash payment of $100,000, issuing 1,000,000 common shares, and incurring additional exploration expenditures of at least $3.0 million.


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