Newmont Partners with Gold Terra in Its 5M+ AuOz Pursuit Explains Gerald Panneton
b'Executive Chairman Gerald Panneton joined Gold Terra because he saw the potential to grow the company\\u2019s current 735,000 gold ounce resource to over 5 million gold ounces or more. And now major gold producer Newmont also teamed up with Gold Terra in its 5M+ AuOz pursuit. The two companies recently executed an exploration agreement on certain mineral leases and mineral claims adjacent to the former producing Con Mine right next to the city of Yellowknife in Canada\\u2019s Northwest Territories. The Con Mine produced approximately 5.1 million ounces of gold between 1946 and 2005 at an amazing grade of 15 g/t, and over widths of up to 100 metres. In this interview, Gerald provides an overview of the agreement with Newmont as well as explains how this transaction benefits Gold Terra shareholders and the advancement of their Yellowknife City Gold Project.
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0:00 Introduction
2:06 Newmont executes exploration agreement with Gold Terra
4:04 Two phase agreement with Newmont holding a back-in right
8:11 Prospectivity of land acquired through exploration agreement
9:51 Drilling newly acquired land by January
10:27 How can you speak with such confidence of a 5M+ AuOz discovery that you have not made yet?
13:24 What is more significant with this deal\\u2026the land itself or the formal relationship with Newmont?
13:52 Discussing metallurgy
15:46 When to expect the next batch of assays to be released?
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