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Bonterra Resources Inc. [BTR-TSXV; BONXF-OTC; 9BR-FSE]
Bonterra Resources has seen its stock more than double since January; however, good assay results just keep on coming from its drill program on its 100%-owned Gladiator Gold Project located 170 km northeast of Val d’Or, Québec, a region that hosts numerous large gold deposits. Here are the 2016 drilling highlights:
Gladiator Gold Project claim map. Source: Bonterra Resources Inc.
Gladiator Gold Project claim map. Source: Bonterra Resources Inc.
Drilled 0 m of 15.3 g/t gold in Hole BA-16-02 in a new zone (North Shear 1);
Drilled 0 m of 10.4 g/t gold in Hole BA-16-04;
Drilled 3 m of 29.0 g/t gold in Hole BA-16-05 in a new zone (South);
Drilled 7 m of 24.3 g/t gold in Hole BA-16-09.
To date, about 8,300 metres have been drilled in 19 holes on western extension of Gladiator Deposit. More drill results are pending and drilling continues. Always encouraging, visible gold was identified in 16 of the 19 holes.
Nav Dhaliwal, President and CEO of BonTerra, said, “We now have extended the zone of mineralization approximately 200 metres to the west of our existing deposit, and we continue to intersect grades higher than the existing resource model completed in 2012. Our technical team’s review of the geological system continues to be validated with recent drilling, with much data in process. Our recent strategic acquisition of key land positions along strike were completed to ensure we control what we believe to be one of the more interesting discoveries in the Abitibi Greenstone Belt.”
Part of the large Gladiator land position, the West Arena property hosts 973,000 ounces of gold inferred grading 9.37 g/t gold. The company has other mineral projects, including the recently acquired Larder Gold Project in northeast Ontario which hosts 917,000 ounces of gold inferred grading 5.5 g/t gold. Bonterra has about 56.3 million shares outstanding. |
