EDITOR: | March 16th, 2018

GTA Resources’ Peter Clausi on hitting ‘bonanza’ grade gold at Big Duck Lake

| March 16, 2018 | No Comments
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March 16, 2018 – “The drill results were very strong. We put down 4 holes and all 4 holes hit the gold zone at what is called The Coco-Estelle showing. We proved up the historic mineralization there. One of the holes returned bonanza grade gold. I know it is not a precise term, but that is what we call it. 823 grams over half a meter and 44 meters of 1.6 grams of gold is a pretty good hole.” states Peter Clausi, CEO, President and Director of GTA Resources and Mining Inc. (TSXV: GTA), in an interview with InvestorIntel’s Andy Gaudry.

Andy Gaudry: We would like an update of Big Duck Lake.

Peter Clausi: Within GTA. 

Andy Gaudry: Yes. 

Peter Clausi: Big Duck Lake is in Hemlo, 25 kilometers north of our other project in Hemlo called Northshore. At Northshore we have about 1.2 million ounces of indicated plus inferred of gold. Big Duck Lake is right next door to the former producing Winston Lake Mine. It is a polymetallic area. Our technical team thinks we are on the same geologic setting as the former producing mine. We purchased the property and drilled it. Drill results came out in January.

Andy Gaudry: That is wonderful. How were those results and how does that affect GTA moving forward?

Peter Clausi: The drill results were very strong. We put down 4 holes and all 4 holes hit the gold zone at what is called The Coco-Estelle showing. We proved up the historic mineralization there. One of the holes returned bonanza grade gold. I know it is not a precise term, but that is what we call it. 823 grams over half a meter and 44 meters of 1.6 grams of gold is a pretty good hole.

Andy Gaudry: Wonderful.

Peter Clausi: We are happy with it. We will raise some more money, go back in the field. We will drill again and create more value for shareholders.

Andy Gaudry:  That is wonderful. Back to shareholders, what can they expect for the next quarter or two from GTA? 

Peter Clausi: We are doing engineering work on the million ounces at Northshore. We are looking at environmental and how do you put that into production. At the same time we will be considering our next round of drilling at Big Duck Lake…to access the complete interview, click here

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