Jul 26, 2020
CEO David Suda says Gold Terra is his opportunity of a lifetime. Starting out on the industry's financial side, David was surprised that weren't more high quality companies in the sector. He wanted more and in 2018 he found it, becoming the Company's CEO and director. Located in Canada's NWT, Gold Terra's Yellowknife project has outstanding infrastructure. Employees can enjoy breakfast at Tim Horton's, before setting off on the goal of expanding Gold Terra's 735,000 ounce resource. Drilling is set to resume very shortly (after a brief Covid enforced delay) and David's hopeful that a high grade deposit will soon be found.
Gold Terra has had a recent string of good luck. It landed Detour Gold's Gerald Panneton as executive chairman; in the process he purchased 5 million shares. Panneton's record is impressive, having expanded Detour's resource from 1.5 million ounces to over 16 million, before selling it at an extremely attractive price. Gerald sees similar potential at Gold Terra. This month, the Company also raised C$7.13 million, so it's ready to drill 10,000 meters, with results expected to start coming in September.
Best of all the Gold Terra's stock is trading at C$0.325, so clearly these developments have not been factored in. That's why we're pleased that Gold Terra is an FSN sponsor and see great things ahead.