from Kerry Lutz's Financial Survival Network
We spoke with Gold Terra’s President/CEO David Suda (Ticker Symbols – OTC: YGTFF — TSX-V: YGT) for a sponsor update. The latest drill results were impressive with intersects of 11.2 g/t gold over 4.57 meters and 5.22 g/t over 17.86 meters in a “very strongly altered … portion of the Campbell Shear.” This marks the third drill result since April of this year, all showing high-grade gold. Suda is convinced that he’s onto something big. The adjacent Con mine produced 5 million ounces over its lifetime and he believes that they could easily be sitting on a similar scale deposit.
The current drill results were taken from a property optioned to the company by Newmont. Suda is of the opinion that they’re closely following Gold Terra’s progress. This could bode well for the future.
While the market has generally met this news with indifference, Suda is optimistic that external factors will force the market to again focus on the sector. Gold Terra is trading at a substantial discount to its peers and there is hope that in the coming months, with more drill results on the way, that this gap will narrow dramatically.
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