- Bonterra Resources Inc. (BTR) intercepts gold and extends near surface mineralization at the Barry Project located in Quebec
- Results expanded upon the northeast sector of the Barry deposit near surface and the southwest sector at depth
- Highlights include high-grade gold in the near-surface zone AB08
- The company is focusing mainly on expanding its Barry and Gladiator gold deposits
- Work is currently underway on a preliminary economic assessment
- Bonterra is a Canadian gold exploration company
- Bonterra Resources Inc. (BTR) is up 0.90 per cent and is trading at $1.12 per share as of 3:36 p.m. ET
Bonterra Resources (BTR) has intercepted gold at the Barry Project located in Quebec.
Recent drilling results expand upon the northeast sector of the Barry deposit near surface and the southwest sector at depth. The latest results obtained from 43 diamond drill holes are designed to increase the 2021 mineral resource estimate (MRE). Highlights include high-grade gold in the near-surface zone AB08.
The company is currently drilling at a rate of approximately 7,500 metres per month and is focusing mainly on expanding its Barry and Gladiator gold deposits.
Marc André Pelletier, President, Director, and CEO of Bonterra, commented,
“These recent drill results confirm the extension of the mineralization near surface and at depth at Barry… The continuation of the H12 zone and the discovery of new H series at depth demonstrate the potential to add more ounces beyond the existing 2021 MRE.”
Work is currently underway on a preliminary economic assessment (PEA) based on the open pit resources at Barry in the 2021 MRE. The PEA is projected to be completed in late Q2 and is expected to show the potential for restarting mining operations in the near term. Bonterra will soon undertake infill and definition drilling on the underground portion of the deposit to better understand the potential of an underground mining scenario.
At present, exploration activities at Barry include one drill rig drilling an additional 400 metres to the northeast of the existing open pit resources and a second drill on regional exploration targets, approximately five kilometers to the northeast of the Barry deposit.
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 up 0.90 per cent and is trading at $1.12 per share as of 3:36 p.m. ET.