- Bonterra (BTR) discovers a new gold zone near the surface within two kilometres of the Bachelor Mill
- Drilling encountered a broad zone within two kilometres of its 100 per cent owned Bachelor Mill
- The newly discovered zone of mineralization is proximal to the syenite intrusion
- Exploration drilling results are confirming the existence of gold mineralization within sheared meta-volcanoclastic and meta-sedimentary rocks
- Bonterrra Resources ins. (BTR) is up 0.51 per cent and is trading at C$3.92 at 10:51 am ET
Bonterra Resources Inc. (BTR) has discovered a new near-surface zone of gold mineralization found within Bonterra’s Bachelor-Desmaraisville land package.
Drilling encountered a broad zone of mineralization that is located close to the surface and within two kilometres of its 100 per cent owned Bachelor Mill.
The newly discovered zone of mineralization is proximal to the syenite intrusion. Results to date indicate that the mineralized zone is open in all directions.
Bonterra plans to mobilize a drill crew as soon as possible to begin follow-up work.
Pascal Hamelin, CEO commented: “This newly discovered near-surface mineralized target is extremely exciting for Bonterra. The new gold target has the potential to rapidly grow due to the widths and ease in which short holes from surface can be used to define the target boundaries.”
“As a result of this success, we plan on mobilizing a drill crew as soon as possible to do immediate follow-up work on near-surface targets,” concluded Hamelin.
Exploration drilling results are confirming the existence of gold mineralization within sheared meta-volcanoclastic and meta-sedimentary rocks hosting quartz (+/- carbonate-ankerite-pyrite) veining and related vein stockworks.
The recent drilling fence across the east flank of the O’Brien intrusive stock of syenitic composition supports the existence of a broad gold mineralized vein system at shallow depths proximal to the mine area.
Drilling of the other regional exploration targets: Clone, Sigmoid and Deer have so far, returned anomalous gold values.
Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Québec, Canada.
It has three main assets, Gladiator, Barry, and Moroy, that collectively have 698,000 ounces in measured & indicated categories, and 1.4 million ounces in inferred category.
Bonterrra Resources ins. (BTR) is up 0.51 per cent and is trading at C$3.92 at 10:51 am ET.