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GTA Resources Drilling of Initial Holes at Northshore Confirms Potential, Yet Shares Hit New Year Lows

GTA Resources and Mining Inc. (GTA.V) reported results from the first 7 holes (WB-12-21 to WB-12-27) of the Phase 3 drill program recently completed on the Northshore Property in northern Ontario.

The company said these latest results further confirm the "potential" of the Northshore property to host both a large scale gold porphyry system and discrete high grade gold zones.

GTA has hit a new year low of 15 cents today despite the announcement. It is now trading at $0.195 per share on volumes of over 723,000.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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