December 08, 2022

CTEC’s Charles Gryba on being right in the main gold camp in Timmins

“The biggest advantage is we have 25 square miles of ground right in the main gold camp in Timmins. Timmins has produced 75 million ounces so far. Has 25 million ounces in reserve. But the main thing with Timmins is they have been through multiple cycles. Investors in Timmins have made a hundred times their investment at least three times. They did it with Denison, they did it with Kidd Creek.” States Charles Gryba, President, CEO and Director of Central Timmins Exploration Corp. (TSXV: CTEC), in an interview with InvestorIntel’s Tracy Weslosky.

Tracy Weslosky: The reason why we are interviewing CTEC today is, you have gold in Timmins and we are trying to get the new cannabis investors investing in gold. Can you tell us what the most competitive advantage is of CTEC.

Charles Gryba: The biggest advantage is we have 25 square miles of ground right in the main gold camp in Timmins. Timmins has produced 75 million ounces so far. Has 25 million ounces in reserve. But the main thing with Timmins is they have been through multiple cycles. Investors in Timmins have made a hundred times their investment at least three times. They did it with Denison, they did it with Kidd Creek. A lot of them are doing with the pot companies now. If you find a good ore body in a proven camp you can make hundred times your money the same way you can with a good pot stock.

Tracy Weslosky: For all us Americans that may not be familiar with Timmins. Timmins is on Ontario, Canada. With regard to your gold deposit, one thing that I liked about CTEC was your management experience. We like to follow the jockey and you have 35 years plus as an executive in gold properties.

Charles Gryba: I spent the first 10 years mining gold in Timmins and became president of Moneta Porcupine Mines and president of St Andrew Goldfields. So, I have got 10 years of operational experience and 30 years of foreseeing geologists to explore. It took us 15 years to put our land position in Timmins. I am looking for the extensions of the two main gold systems that between the two of them have produced about 60 million ounces of gold…to access the complete interview, click here

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One response

  1. sonny harben Avatar
    sonny harben

    Interested in PP’s when they come up.

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