- Bonterra Resources (BTR) has intersected further high-grade gold in Quebec
- Work is from the Quebec-based mineral exploration’s Barry Underground Project
- Results from the ongoing infill drilling campaign, as well as the latest results of the open pit project intersected 79.9 grams of gold per tonne
- To date, 15,900 metres over 33 holes of infill drilling have been completed from the surface
- Bonterra Resources is up 4.23 percent, trading at $0.37 at 10:43 am ET
Bonterra Resources (BTR) has intersected further high-grade gold in Quebec.
Work is from the Quebec-based mineral exploration’s Barry Underground Project.
Results from the ongoing infill drilling campaign, as well as the latest results of the open pit project, intersected 79.9 grams of gold per tonne, including one measurement of 333.0 grams per tonne over a half-metre.
The company started a 125,000-metre drill program at the Barry underground deposit last August, which contains 0.5 million ounces of Measured and Indicated Mineral resources and 0.7 million ounces of Inferred Mineral resources.
To date, 15,900 metres over 33 holes of infill drilling have been completed from the surface, mainly in the upper half of the Barry underground deposit.
“We are pleased with the recent results of the ongoing infill drilling campaign for the underground deposit at Barry. MB-22-529A drill hole results of 333.0 g/t over 0.5 m represent the highest reported interception ever at the Barry project. This campaign fits well with our strategy of moving the Barry asset toward a production re-start. Considering the magnitude of the underground mineral resources, the deposit has the potential to become a long-lived operation, and the company intends to define its potential further. Drilling at Barry will continue with two drill rigs on site. Also, the pre-feasibility study on the Barry open pit project is at an important juncture. An update is expected before year-end,” said President and CEO Marc André Pelletier.
The Barry open pit drill program was designed to fill gaps in the drill spacing in and immediately around the pit shell from the 2021 Mineral Resource Estimate.
Bonterra Resources is up 4.23 percent, trading at $0.37 at 10:43 am ET.