- Bonterra Resources Inc. (BTR) has released the assay results from 13 diamond drill holes at its Barry project
- Highlights include 16.5 g/t gold over 2.7 metres in a new zone named H16
- The company is currently drilling at a rate of approximately 6,000 metres per month
- Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec
- Bonterra Resources Inc. (BTR) is currently down 6.61 per cent, trading at $1.13 per share
Bonterra Resources Inc. (BTR) has released the assay results from 13 diamond drill holes at its Barry project.
This recent drilling was designed to expand the northeast sector of the Barry deposit near surface and at depth. Highlights include 16.5 g/t gold over 2.7 metres in a new zone named H16, located immediately northeast of the 2021 Mineral Resource Estimate.
Pascal Hamelin, CEO of Bonterra, commented on the results.
“The results released today support our view that substantial near surface exploration potential exists at Barry,” he said. “Recent exploration drilling hit both thick, continuous mineralization at open pit depth and high-grade intervals within 200 m depth.”
The company is currently drilling at a rate of approximately 6,000 metres per month. The company is focused on its main gold deposits and has begun working on a preliminary economic assessment of the property.
The PEA would utilize the existing Bachelor Mill as a central processing facility and is expected to be completed in the fourth quarter of 2021.
“We look forward to receiving more diamond drill results from this area soon,” said Mr. Hamelin.
Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec.
The company has four main assets, Gladiator, Barry, Moroy, and Bachelor, that collectively have a total of 1.24 million ounces in the measured and indicated categories and 1.78 million ounces in the inferred category.
Bonterra owns the only permitted and operational gold mill in the region, producing around 800 tonnes per day.
Bonterra Resources Inc. (BTR) is currently down 6.61 per cent, trading at $1.13 per share as of 12:39 pm ET.