GTA Resources and Mining GTA.V

Ticker  GTA.V

Current price $1.58

Market Cap 3.2M

Shares Out. 13.9M

Revenue (FYR) ---

EPS $-0.02

 

Corporate structure

• 64% Management and Insiders
• 36% Institutional Investors and/or Retail Investors
  

Why to buy?

+528% gain -- $0.25 stock jumped to $1.54

Feb.14,2014 GTA Intersects 149.5 Metres Grading 3.21 g/t Gold (Uncapped) or 1.20 g/t Gold (Capped) on Northshore Property12 hours ago

GTA has an option agreement with Balmoral Resources Ltd.("Balmoral") (TSX VENTURE: BAR), whereby GTA can earn up to a 70% interest in the Northshore Project.

• 51% interest by making cash payments ($50k) share issuances (2.5 million shares) and exloration expenditures ($2.5M) over 3 years.
• 70% interest, bymaking additional cash payment ($100k), additional share issuance (1M shares) and additional expenditure ($3M) over 24 months
• NSR - sliding scale : 2% up to 1M ounces, 3% 1M to 3M ounces, 5% over 3M ounces

Results from the broader Afric Gold System are highlighted by holes WB-11-07, WB-11-09 and WB-11-11 that tested both the high-grade Audney and Caly Vein Systems. These holes returned cut grades of 0.99 g/t gold over 150 metres (WB-11-07), 1.05 g/t gold over 159 metres (WB-11-09) and 1.20 g/t gold over 149.5 metres (WB-11-11). All of these holes were collared and terminated within the gold mineralized system. For reporting purposes of the broad intercepts, the high-grade intervals encountered in all holes were capped at 28.79 g/t gold, representing the 99th - percentile of all drill core sample assay results obtained from the current program. Corresponding averages using uncapped high grade values are shown on the accompanying table.

The high-grade Audney and Caly Vein Systems (see previous news release dated Nov. 8, 2011) demonstrated good continuity with the Audney Vein being intersected to a depth of 110 metres vertical below surface. Gold mineralization within and marginal to both vein systems showed significant increases in thickness compared to the previously reported surface chip sampling results. Highlights from the Audney Vein include intercepts of 13.23 g/t gold over 6.50 metres, including a bonanza grade intercept of 131.99 g/t gold over 0.50 metres (WB-11-01), and 10.28 g/t gold over 4.30 metres (WB-11-09) which represents the deepest intercept on this vein to date. The Caly Vein System returned intercepts of

12.49 g/t gold over 33.80 metres including a bonanza grade intercept of 760.15 g/t gold over 0.40 metres (WB-11-11); 17.25 g/t gold over 4.50 metres (WB-12-08); and, 14.94 g/t gold over 4.00 metres (WB-12-09).

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