Gold Terra: A Golden Opportunity in Yellowknife's Rich Mining Landscape
Investing in Gold Stocks
Gerald Panneton, Chairman & CEO of Gold Terra, a seasoned professional with 40 years in gold exploration, leads the company's efforts in the Yellowknife mining camp. Gold Terra owns substantial land, including the former Con Mine that ceased production in 2003 due to falling gold prices after yielding 6.1 million ounces of gold. Their land spans 900 square kilometers, encompassing the valuable Campbell Shear, a significant gold deposit structure.
The company aspires to uncover 5-10 million additional ounces of gold in this region. Capitalizing on Yellowknife's infrastructure and a skilled team, Gold Terra aims for efficient operations and cost savings. Panneton's achievements involve founding Detour Gold, Canada's largest gold mine, which sold for $5 billion. Gold Terra's main focus lies in advancing their sustainable, high-grade, and cost-effective project. They plan to update their resource estimates post-ongoing drilling and subsequently conduct a preliminary economic assessment.
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