11:34 AM EST - GTA Resources and Mining Inc. : provided an update on the Ivanhoe Property including results from recent field work, staking of additional claims and the exercise of year two of the Ivanhoe option agreement. This update also provides details of near-term plans for both Ivanhoe and the Northshore Property near Hemlo. The Ivanhoe Property is located near Foleyet, Ontario between the recently discovered Borden Lake Gold Deposit and the prolific Timmins Gold Camp. The Borden Lake deposit, discovered by Probe Mines Limited, was recently acquired by Goldcorp Inc. as part of a deal valued at $526 million. Prior to the take-over in January, 2015, Probe had defined underground indicated resources of 1.6 million ounces of gold (9.3Mt @ 5.39g/t) and inferred resources of 0.4 million ounces of gold (3Mt @ 4.37g/t) at a 2.5g/t gold cut-off grade. GTA Resources and Mining Inc.
shares V.GTA are trading up $0.005 at $0.05.
