Clausi on GTA Resources “Boots & Hammer” zinc, copper and M&A program
June 19, 2015 — Peter Clausi, V.P. Corporate Affairs and General Counsel for GTA Resources and Mining Inc. (TSXV: GTA) in an interview with InvestorIntel Publisher Tracy Weslosky discusses the recent Ivanhoe property acquisition, the strength and benefits of GTA’s location and infrastructure and the commitment to shareholder value. In the discussion of 3 projects that GTA Resources is currently focused on in their strategic M&A model, he states: “the objective is always to make money for the shareholders”.
Tracy Weslosky: I want to talk to you about GTA Resources. You moved up nicely in May and so I’d love to get an update since we last spoke to Wayne Reid during PDAC.
Peter Clausi: When Wayne was at the PDAC he mentioned that we had acquired a property that we call Ivanhoe. It’s in northern Ontario beside the Borden Lake deposit, which was just purchased by Goldcorp for in excess of half a billion dollars. We since acquired further claims in the area by staking. We started a boots and hammer program and we expect to be drilling later this summer. We’re very excited by that.
Tracy Weslosky: Let me back you up. How does such a small company as your pick up such a large piece of property that’s next door virtually to such a highly valued resource?
Peter Clausi: We’re a lucky group. We have a very deep board of directors and a very experienced management team with great contacts in the mining industry. We try to conduct ourselves with ethics, with integrity and as a result we find that we’re offered good projects to work upon by prospectors and explorers who trust us.
Tracy Weslosky: Well, speaking of that I have read the board and management teams. You have a very substantial board and management team. I noticed you also picked up some interesting acquisitions in Newfoundland. Can you talk to me about this?
Peter Clausi: The Newfoundland property is called Burnt Pond. It actually consists, as many properties do, of different areas. We almost surround the Duck Pond Mine, which is now owned by Teck. Duck Pond is a zinc-copper producer. We staked claims. We acquired further claims by acquisition just approved by the TSX.V. It appears that our geology is the same as that which underlies the Duck Pond producing mine.
Tracy Weslosky: Of course, Newfoundland is a very interesting place. Right now we have a number rising stars in that area. You have zinc, copper, gold: what else do we have in these two pond acquisitions?
Peter Clausi: We think it’s just zinc and copper. There have been historical tracings of gold, historical tracings of silver, bur our early indications are that it will be a zinc property. Zinc is exciting right now because it has a long supply response and it does appear as though the world will have a zinc shortage about 2018 to 2020 and is one of the few metals that will be suffering that shortage.
Tracy Weslosky: I’ve noticed you seem to be an acquisition play. Is that what GTA Resources is or what is the objective for GTA Resources with this team?
Peter Clausi: Well, clearly the objective is always to make money for the shareholders. We’re doing that because we have only 30 million shares outstanding. We have roughly $800,000.00 cash in the bank and we have this management team. We’ve never consolidated the stock…to access the rest of this interview, click here
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Tracy Weslosky is the founder and CEO for InvestorIntel Corp. (2001-Present), a leading online source of investor information that since 2001 has provided public market ... <Read more about Tracy Weslosky>