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Last C$0.05 CAD
Change Today 0.00 / 0.00%
Volume 30.0K
GTA On Other Exchanges
Symbol
Exchange
Venture
OTC US
Stuttgart
As of 9:45 AM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

gta resources and mining inc (GTA) Snapshot

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Previous Close
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52 Week High
07/18/14 - C$0.12
52 Week Low
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Market Cap
1.6M
Average Volume 10 Days
29.8K
EPS TTM
C$-0.02
Shares Outstanding
31.9M
EX-Date
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P/E TM
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Current Stock Chart for GTA RESOURCES AND MINING INC (GTA)

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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. Identifies New Gold Targets on its Ivanhoe Property

GTA Resources and Mining Inc. announced the results of exploration activities completed on its Ivanhoe Property near the town of Foleyet in northern Ontario. Recently completed activities include prospecting, sampling, geological mapping and re-sampling of available historical drill core. This work has led to the identification of four gold zones which are scheduled for additional follow-up. The targets include a new gold discovery which returned a number of anomalous gold values up to 4.81 g/t. Also, a broad zone of porphyry style mineralization was identified from re- examination of historical drill core, and from GTA's recent prospecting which discovered angular float assaying up to 18.1 g/t gold. The values described herein are from selective grab samples which were collected by GTA from the various target areas and ranged from <0.001 g/t to 18.1 g/t gold. The 102 sq. km. Ivanhoe Property is located between Probe Mines Limited's new gold discovery at Borden Lake and the prolific Timmins Gold Camp. Geologically, the Ivanhoe Property is located in the western portion of the Swayze Greenstone belt, proximal to the Kapuskasing High metamorphic terrain. It is underlain by rocks typical of the Timmins gold camp, and includes variably altered and deformed mafic and ultramafic volcanic rocks, intermixed with Timiskaming-type conglomerates and porphyry intrusives. GTA interprets the western extension of the Destor Porcupine Fault Zone to extend across the Ivanhoe Property. The north part of the Property is underlain by the Slate Rock Deformation Zone and associated porphyries. Based on recent exploration activities, GTA has identified four separate areas of gold mineralization, all of which are situated within favorable geological and structural environments. These four zones include: Montana Zone: A new discovery characterized by strongly altered, pyritic porphyry and volcanic rocks with gold values from grab samples up to 4.81 g/t. The mineralization is located within a broad deformation - alteration zone, on the west side of Slate Rock Lake. Other grab samples collected from this zone returned anomalous values ranging from 0.2 to 3.64 g/t gold. BP Porphyry Zone: This zone consists of a broad area of anomalous gold mineralization initially discovered by BP Resources in 1986. BP drilled one hole into a weak Induced Polarization anomaly and intersected intermittent porphyry over 150 meters; however, there was no follow-up. The BP drill hole returned anomalous gold throughout the porphyry including 0.90 g/t over 3.41 m. Recent prospecting by GTA discovered a 1.0 meter by 0.8 meter angular quartz float which returned a grade of 18.1 g/t gold. UTAH ZONE: The Utah Zone was discovered in 1986 by Utah Mines while testing an IP chargeability anomaly. A total of nine holes were drilled into a 20 metre wide alteration - deformation zone with historical drill hole values of up to 6.9 g/t gold over 1.82m. GTA interprets that the nine historical drill holes intersected the zone which was traced by Utah Mines over a 500 meter strike length and to a maximum depth of 100 metres. Tressle Target: GTA identified this target area while reviewing historical data which included the location of mineralized float assaying up to 2.17 g/t gold, reported in an Ontario government geological survey carried out in 1951. The targeted zone is overburden-covered and located along the south contact of a strongly altered section of the Slate Rock Deformation Zone, and is on strike with the Utah Zone. Localized angular float in the area returned values up to 0.33 g/t gold from GTA sampling.

GTA Initiates Exploration Program on the Ivanhoe Property

GTA Resources and Mining Inc. announced that a program of prospecting and drill core sampling is in progress on its Ivanhoe Property located near the town of Foleyet in northern Ontario. The 100 sq. km. (616 claim units) property is located between Probe Mines Limited's new gold discovery at Borden Lake and the prolific Timmins Gold Camp. Geologically, the Ivanhoe Property is located in the western portion of the Swayze Greenstone belt, proximal to the Kapuskasing High metamorphic terrain. It is underlain by rocks typical of the Timmins gold camp, and includes variably altered and deformed mafic and ultramafic volcanic rocks, intermixed with Timiskaming-type conglomerates and porphyry intrusives. GTA interprets the western extension of the Destor Porcupine Fault Zone to extend across the Ivanhoe Property. The north part of the Property is underlain by the Slate Rock Lake deformation zone and associated porphyries. Two areas of anomalous gold mineralization are known from previous work carried out on the Property in the 1980s but are poorly documented in the existing Ontario MNDM assessment file data base. The Utah Gold Zone was discovered in 1986 by Utah Mines Limited while testing an induced polarization chargeability anomaly. The zone is described as a highly sheared, siliceous carbonate sericite zone containing pyrite and arsenopyrite mineralization over widths up to 20 meters. The second zone, Slate Rock Porphyry, located 5 km west of the Utah zone mineralization, exhibits porphyry style mineralization over a 150 meter core width and was drill tested by B.P. Resources Limited in 1986. Both zones are completely open and appear to be traceable with existing ground geophysical data. GTA has located drill core from the 1986 drilling in the Timmins core library and it has been made available for additional sampling by GTA. This sampling consists of both quarter splitting previously sampled core and half splitting core that was previously not sampled. One hundred and forty-three (143) split core samples from the historic drill holes have been sent for gold analysis and results are pending. GTA has also begun field work at Ivanhoe, which to date has focused on prospecting along the north part of the Property. A total of 123 prospect samples have been sent for gold analysis and results are pending. The prospecting/sampling program is continuing.

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.

 

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