- Bonterra Resources Inc (TSXV:BTR) CEO Greg Gibson will step down effective June 30, 2020
- Greg Gibson will move on from Bonterra but has committed to finding a new President and CEO
- In related news, Bonterra has appointed Cesar Gonzalez, Vice President of Corporate Development at Mako Mining, to its Board of Directors
- Bonterra is continuing to advance its Moroy, Gladiator and Barry projects, despite COVID-19 related shutdowns
- Bonterra Resources Inc (BTR) is trading down 7.8 per cent at C$1.06 per share, with a market cap of $82 million
Bonterra Resources Inc (TSXV:BTR) has announced its President and CEO, Greg Gibson, will step down from the position on June 30 2020.
Greg has committed to working with Bonterra in recruiting a new President and CEO who will lead the company into the next phase of growth.
The company has also appointed Cesar Gonzalez to the Board of Directors. Cesar is Vice President of Corporate Development at Mako Mining and a consultant for Wexford Capital
Bonterra has been busy, advancing work on three of its projects, despite COVID-19 shutdowns.
On March 17, Bonterra announced it was shutting its Moroy, Gladiator and Barry camps due to the coronavirus pandemic.
The three camps and the company’s head office were reduced to security, care and maintenance mode. Environmental staff and project geologists were directed to work from home.
The company has maintained this operational status to date and reports on work being completed and preliminary exploration and development plans for when normal activities do resume.
Geological work has continued, as Bonterra has focused on developing updated drilling and exploration plans for its camps.
At Moroy, the geological and resource modelling had been in progress through the recent drilling campaign and advancements have been made through the shutdown.
At the Barry camp, the geological model is being updated for the recently completed infill and down-dip drilling program. The assays from the west deposit remain outstanding and anticipated exploration to the west of the Barry deposit will be a priority when exploration resumes.
At the Gladiator camp, Bonterra could not complete its ice-based drilling program as planned due to COVID-19 shutdowns, and the company has committed to reassessing its next step at the site.
Bonterra are considering a land-based and barge-based drilling program to a maximum of 125 metres, including on the newly discovered northern zone at Gladiator.
Bonterra Resources Inc (BTR) is trading down 7.8 per cent at C$1.06 per share at 1:34pm EST.
