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Terraco Gold Corp. (TEN:CA)

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Web site: 
http://www.terracogold.com

Terraco Gold Corp. (TSX.V TEN) is a junior exploration company with exploration properties in Idaho and Nevada.



The 100% owned Almaden Project is located 12 miles east of Weiser and 78 miles north of Boise, Idaho. The project hosts a National Instrument 43-101 compliant measured plus indicated resource of 864,000 ounces of gold and an inferred resource of 84,000 ounces of gold within 300 ft of surface. The advanced- stage Almaden project has excellent access and infrastructure, includes over 199,000 ft of historic drilling in 887 drill holes. Terraco plans to initiate a drill program to explore the extension of the near surface mineralization that is open to the north and south, as well as test for high-grade, bonanza-style structurally controlled gold mineralization at depth. Project comparisons for Almaden are the Hollister Mine (Great Basin Gold) and The Ken Snyder "Midas Mine" (Newmont) in northeast Nevada.



The 100% owned Moonlight Project is located 21 miles northeast of Lovelock, Nevada and about five miles north of the Coeur d'Alene Rochester silver-gold mine. The Rochester Mine has produced over 127 million ounces of silver and 1.5 million ounces of gold in its 24 year history and has recently returned to production. Additionally, the Moonlight Property adjoins the north side of the Barrick Gold Corp./ Midway Gold Corp Spring Valley joint venture. Spring Valley, operated by Barrick, hosts a National Instrument 43-101 resource of 1,835,000 million ounces of gold. Barrick's 2009 and 2010 drilling confirms the gold mineralization is open to the north (towards Moonlight) and at depth.



Terraco's exploration is conducted by Charles Sulfrian, CPG (Vice President, Exploration) and Ken Snyder, PhD (Lead Consulting Geologist). Both Mr. Sulfrian & Dr. Snyder were instrumental in the discovery of major Nevada gold mines including Barrick's Goldstrike Mine and Newmont's Ken Snyder "Midas" Mine respectively.
 
 














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TEN:CA
Category: 
Mining