GTA Resources and Mining

What GTA Resources and Mining does

GTA Resources and Mining Inc. was a junior mining exploration company domiciled in Ontario, Canada, listed on the TSX Venture Exchange under the symbol GTA.V. The company acquired and explored mineral properties with NI 43-101 compliant resources, primarily targeting gold and base metals in two established Canadian mining jurisdictions — the Hemlo-Schreiber greenstone belt in Ontario and the Tally Pond volcanic belt in Newfoundland and Labrador. Its portfolio comprised four assets: the 54%-owned Northshore gold property (JV with Balmoral Resources, hosting 391,000 oz indicated and 824,000 oz inferred gold at the Afric Zone), the 100%-owned Big Duck Lake gold property acquired in November 2017, the 100%-owned Burnt Pond Zinc-Silver VMS project in Newfoundland, and the 100%-owned Auden project covering approximately 20,000 hectares of the Beardmore-Geraldton belt extension in Ontario.

The company's underlying technology was conventional mineral exploration — diamond drilling for resource delineation (103 holes at Northshore), induced polarization and electromagnetic geophysical surveys, geochemistry, geological modelling, and metallurgical test work demonstrating 94.8%-99.6% gold recoveries via cyanidation. GTA Resources was explicitly pre-revenue, monetizing optionality rather than selling a product: it financed exploration through repeated non-brokered flow-through private placements (CAD $400,000 in April 2016, CAD $210,000 in February 2017) and ultimately a CAD $425,000 arm's length loan in October 2018, with insider ownership of approximately 3% and joint venture partner Balmoral Resources holding approximately 6%.

The company served retail and accredited resource-sector investors reached via Twitter, Stockhouse Publishing's Deal Room, wire-distributed press releases, and downloadable investor fact sheets, while maintaining First Nations MOUs (Pays Plat, Constance Lake) and municipal relationships required for exploration permitting. In January 2019 shareholders approved the sale of all mining assets to CBLT Inc. (whose CEO is GTA's CEO Peter Clausi) and the delisting of GTA's shares from the TSX Venture Exchange, effectively terminating the company's mining operations.

Name

GTA Resources and Mining

Legal name

GTA Resources and Mining Inc.

Website

https://gtaresources.com

Company type

Public

Founded year

2006

Operating status

Closed

Headcount range

11–50 employees

Short description

GTA Resources and Mining Inc. was a pre-revenue junior mining explorer listed on the TSX Venture Exchange (GTA.V), focused on gold and base metals properties in Ontario and Newfoundland and Labrador, with NI 43-101 resources at Northshore; the company sold all assets to CBLT Inc. and delisted in January 2019.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold exploration
• Mining exploration
• Mineral resources
• Base metals exploration
• Diamond drilling programs

Headquarters

HQ city

Burlington

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pre-Revenue Exploration: GTA Resources is a pre-revenue junior mining exploration company. The company generates value through property acquisition, exploration drilling to define mineral resources, and potential monetization through joint ventures, asset sales, or entering production. In 2019, the company sold all mining assets to CBLT Inc. and was planning a change of business.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

GTA Resources and Mining is a junior mining exploration company that acquires, explores and develops gold and base metals properties in proven Canadian mining camps across Ontario and Newfoundland and Labrador. Its portfolio includes the Northshore gold property (54% owned joint venture with Balmoral Resources), the Big Duck Lake gold property, the Burnt Pond zinc-silver project, and the Auden project covering a 60 km greenstone belt strike length. The company advances projects through diamond drilling, geophysical surveys, geochemical sampling, and geological modeling to define NI 43-101 compliant mineral resources for potential monetization through joint ventures, asset sales, or future production.

Product overview

GTA Resources and Mining Inc. is a mining exploration company focused on gold and base metals opportunities in proven mining camps in Ontario and Newfoundland and Labrador. The company operates a portfolio of four mining exploration properties: the Northshore Gold Property (54% JV with Balmoral Resources) hosting significant gold resources, the Big Duck Lake Gold Property (100% owned) with porphyry-style gold mineralization, the Burnt Pond Zinc-Silver Project (100% owned) targeting VMS deposits, and the Auden Project (100% owned) covering a large greenstone belt position. The company is listed on TSX Venture Exchange under symbol GTA.V.

Differentiator

Problem solved

Functional benefit

Products and services

• Northshore Gold Property 54% owned gold property located 115 km west of Hemlo, Ontario within the Hemlo-Schreiber greenstone belt. The property hosts NI 43-101 compliant resources of 391,000 ounces gold indicated plus 824,000 ounces gold inferred within the Afric Zone, with higher-grade near-surface mineralization in West Pit and East Pit areas. Sold to CBLT Inc. in January 2019.
• Big Duck Lake Gold Property 100% owned gold property acquired in 2017, covering an altered gold-rich porphyry analogous to the Moose Lake Porphyry host to the 30+ million ounce Hemlo gold deposits. Includes the Coco-Estelle Zone with historic resource of 53,700 tonnes grading 10.7 g/t gold. Located 25 km north of Northshore property in the Hemlo-Schreiber greenstone belt.
• Burnt Pond Zinc-Silver Project 100% owned eight licence claim group (28.5 sq km) along the Tally Pond volcanic belt in Newfoundland, located 10 km along strike from Teck Resources' past-producing Duck Pond Cu-Zn Mine. Represents a volcanogenic massive sulphide (VMS) exploration target for zinc, lead, copper and silver.
• Auden Project 100% owned 1,229 claim unit project (approximately 20,000 hectares) covering a 60 km strike length of the Auden Greenstone belt in Northern Ontario, between the towns of Hearst and Long Lac. Targets include gold, copper, and graphite mineralization along the Geraldton-Long Lac greenstone belt extension. Subject to a 3% NSR royalty held by 1518164 Ontario Inc.

Quantifiable outcome

• Gold recoveries of 94.8% to 99.6% using conventional cyanidation
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• CBLT Inc.coreStrategic or Co-development Partner · 7 January 2019GTA Resources sold all of its mining assets to CBLT Inc. pursuant to a share sale agreement approved by shareholders in January 2019. This transaction effectively transferred GTA's entire mining portfolio to CBLT Inc.
• Probe Metals Inc.minorOthers · 29 April 2016GTA Resources sold its entire interest in the Ivanhoe property in northern Ontario to Probe Metals Inc., which acquired a 100% interest in the claims.
• Balmoral ResourcescoreStrategic or Co-development Partner · 1 January 2011Joint venture partnership on the Northshore gold property where GTA holds more than 51% interest and Balmoral Resources holds approximately 48% interest. Balmoral is also a significant shareholder holding approximately 6% of GTA shares.
• Zenyatta ResourcesminorOthersGTA's Auden property is contiguous with Zenyatta Resources' graphite property, indicating proximity and potential for regional geological synergies but not a formal partnership.
• First Nations Community of Pays PlatcoreStrategic or Co-development PartnerGTA has excellent relationships with the First Nations community of Pays Plat and the Village of Schreiber, which is important for permitting and social license to operate at the Northshore property.
• First Nations Community of Constance LakecoreStrategic or Co-development PartnerA Memorandum of Understanding has been signed with the First Nations Community of Constance Lake which is located south of the Auden claims, supporting access and permitting for exploration activities.
• 1518164 Ontario Inc.minorOthersOriginal staker of the Auden claims who subsequently folded the claims into GTA Resources and Mining as its 'Property of Merit'. 1518164 Ontario retains a 3% NSR on any future mineral production with GTA having a buyout on half of this.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Anaconda Mining: Atlantic Canada gold producer/explorer operating in the same geological belts as GTA. Comparable commodity mix and Atlantic Canadian jurisdiction footprint.
• Balmoral Resources: Direct JV partner at Northshore (48%); Canadian gold/base-metals explorer with overlapping interests in the Hemlo-Schreiber greenstone belt. Highly comparable as a junior gold explorer with same commodities and Tier-1 Canadian jurisdiction.
• Probe Metals: Acquired GTA's Ivanhoe property in 2016. Ontario-focused gold explorer and a comparable Canadian junior with similar property-acquisition-to-resource-discovery business model.
• Treasury Metals: Ontario-focused gold developer; comparable Canadian junior at the scoping/pre-feasibility stage targeting a small-to-mid scale gold deposit analogous to GTA's Northshore plans.
• Labrador Gold: Newfoundland-focused gold explorer in the same jurisdictions as GTA's Burnt Pond project; directly comparable Canadian junior gold exploration model.
• Carlisle Goldfields: Acquired by Alamos Gold in 2016; GTA director Julio DiGirolamo was CFO. Canadian junior gold explorer acquired by a major — directly comparable in scale and stage.
• Metals Creek Resources: Wayne Reid serves as a director. Canadian junior gold and base-metals explorer with similar project profile and management overlap.

Broad incumbents

• CBLT Inc. Acquirer of GTA's mining assets in January 2019; a Canadian resource issuer led by GTA's own CEO. Most directly comparable as the entity that now owns GTA's former mining portfolio.
• Marathon Gold: Larger Canadian gold developer advancing the Valentine Lake project in Newfoundland. Comparable jurisdiction, commodity, and exploration-to-development pipeline.

Regional players

• Zenyatta Resources: Adjacent property holder at GTA's Auden claims (graphite project). Canadian junior explorer in northern Ontario with overlapping administrative and exploration geography.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/GTAResources

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GTA Resources and Mining