Terraco Gold Corp. has a mix of advanced- and early-stage gold and silver projects in Idaho and Nevada. Its 100%-owned Almaden project is located near Boise, Idaho, and hosts an NI-43-101-compliant M&I resource of 864 Koz gold, 84 Koz Inferred. With its current drill program, Terraco is exploring additional near-surface mineralization and testing for high-grade, bonanza mineralization at depth. The company's 100%-owned Moonlight project is located in Pershing County, Nevada and adjoins the Barrick/Midway joint venture project, Spring Valley, to the south. The Rochester Mine has produced over 127 Moz silver and 1.5 Moz gold in its 24-year history. Vice President of Exploration Charles Sulfrian and Lead Consulting Geologist Ken Snyder were both instrumental in the discovery of major Nevada gold mines, including Barrick's Goldstrike and Newmont's Ken Snyder "Midas" mine.
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The Gold Report Interview with Rick Mills
"Terraco Gold Corp. has one of my favorite management teams. Its Almaden project in Idaho is a 1 Moz gold heap-leach project. A lot of it is up on a mountain, and there is quite a bit of starter material laying around down below. When you need more you get a caterpillar and just push it down. Terraco is working behind the scenes on water testing and advancing to a production decision. . .Terraco's Moonlight project in Nevada lies at the north end of the Spring Valley joint venture between Barrick Gold Corp. and Midway Gold Corp., which is currently 3.5 Moz gold. . .Terraco has a 2.5% royalty on the Barrick-Midway JV, Spring Valley, valued at perhaps $60–80M. Todd Hilditch, Terraco's CEO, could monetize that royalty. He could put Almaden in production and get that cash flow going. Then he could chase Livermore and Wallace's silver mine on Moonlight while it is in play from Barrick drilling. It brings a smile to my face to think that Hilditch could be in a position AGAIN to return this kind of value to shareholders."
The Gold Report Interview with Michael Berry
"Terraco Gold Corp. has about 1 Moz of gold in Idaho at the Almaden project. The company is testing the metallurgy there. Some of the gold is encapsulated in silica. With the current gold price, Almaden remains a valuable project. Then there is the royalty Terraco has on the Spring Valley joint venture between Barrick Gold and Midway. No matter how you value that, it is worth about $60M. That definitely represents optionality because it could be sold tomorrow. It is very liquid. This is indeed an option that Terraco can exercise. And even if the property cannot be sold, Terraco's royalty could be sold to a number of players. . .now Todd Hilditch and his board have to decide if it is going to be a royalty company or a mining company. Either way, there is so much value there that I would buy the stock and sit on it. I own the shares and act as an adviser to Terraco. . .[Almaden] will be open-pit, but not necessarily simple because of the metallurgy. Charlie Sulfrian, the chief geologist, is working on upgrading it now. The resource is probably over 1 g/t, and there is 1 Moz. Even at 600–700 Koz, it will be very valuable."
The Gold Report Interview with Ian Gordon
"I just met with Terraco Gold Corp. I have a position in Terraco. I really like the management. It has 1 Moz in Idaho. It also has a fantastic property in Nevada, which borders on Barrick Gold Corp.'s Midway property, where Barrick is spending $30M to earn-in on that property. Barrick isn't going to spend $30M on an asset unless it truly is confident that it holds a fairly significant resource. . .Terraco also has managed to purchase royalties on the Midway property. Terraco has a 2.5% royalty on most of the property. Those royalties are extremely valuable if there are a lot of ounces there. It is valuing that royalty at about $70M. Terraco is a great little junior with a royalty on a very good property with good management. . .[Consulting Geologist] Ken Snyder could have gotten a job with any company. Ask yourself, why would he want to be at Terraco? Obviously, he's a believer. . .I'm happy to own this stock. It's trading at a very small market cap, and I think it's going to grow much larger."
The Gold Report Interview with Mike Niehuser
"Terraco Gold Corp.'s has the 35-square-kilometer Moonlight project. The company told me the old timers could see the silver in the moonlight; not sure if it is true but it is a great story. Terraco also has royalty interest in Spring Valley. Terraco's main project is in Idaho; although it's not a marquee area like Nevada, Idaho has potential to surprise and I would like to see that project as well."
"Terraco Gold Corp. is a company to watch in Q3/12. . .its Almaden project has seen significant exploration and small-scale production since its discovery in the late 1930s. . .since acquiring the project, the company has completed two phases of drilling. . .the 2013 work program will include completion of ongoing metallurgical test work (Q1/13) leading to a possible updated resource estimate and a PEA in Q2/13 as well as additional drilling."
Terraco Gold Corp. Content
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