Bonterra Resources Inc, (TSXV: BTR, OTCQX: BONXF, FSE: 9BR2) is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Québec, Canada. The Company has three main resource areas: Gladiator, Barry and Moroy that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region that is currently estimated at more than 75% through the permitting process to expand from 800 to 2,400 tonnes-per-day. Bonterra is focused on graduating from advanced exploration to a development company over the next 18-24 months to deliver shareholder value.
The Company is currently drilling at a rate of approximately 10,000 m per month at its three main gold deposits to expand upon the recently released MREs. In addition, work on the preliminary economic assessment (PEA), which would utilize the existing Bachelor Mill as a central processing facility, is ongoing and expected to be completed Q4 2021.
“I’m very excited with the results to date from the ongoing drilling campaign at Gladiator. The grade and width of hole BA-21-23 bodes well for the mining scenarios currently being evaluated in the PEA and hole BA-21-07 shows the great potential at depth at Gladiator. I look forward to sharing more assay results from the ongoing drilling campaign as they become available in the coming weeks.”
Pascal Hamelin, CEO
• Pascal Hamelin, CEO Mr. Hamelin has 30 years in mining project management acquired mainly in the Sudbury and Abitibi camps. Mr. Hamelin holds a mining engineering degree from Polytechnique Montréal and is a member of the Ordre des ingénieurs du Québec and Professional Engineers of Ontario.
In 2010, Mr. Hamelin joined Metanor Resources as the general manager of Bachelor Mine and moved up to VP operations and eventually president and COO until it was acquired by Bonterra in September 2018 and he became VP operations for Bonterra. Mr. Hamelin was promoted to chief executive officer in June 2020. • Johnny Oliveira, Chief Financial Officer Mr. Oliveira has 20 years of experience in the accounting profession including audit, accounting, tax, financial management and reporting and corporate finance. Over the past 10 years Mr. Oliveira has served as chief financial officer, corporate secretary and financial reporting manager for several junior mining companies. Mr. Oliveira graduated from the University of Wilfred Laurier with an Honours Bachelor of business administration. • Cesar Gonzalez, Executive Chairman Cesar Gonzalez co-founded and serves as the CEO and a director of Sailfish Royalty Corp. Previously, Cesar served as the VP corporate development and a director of Marlin Gold Mining Ltd. through the construction and commissioning of the La Trinidad gold mine, the spinout of Sailfish Royalty Corp. and the acquisition of Marlin by Golden Reign Resources Ltd. to form Mako Mining Corp. He also serves as the VP corporate development of Mako and as a consultant at Wexford Capital LP.
Previously, he worked at Lehman Brothers as an associate in the Private Equity Group where he focused on investments in energy master limited partnerships. Cesar graduated from the University of Southern California, where he earned a B.S. in business administration.
Three Main Resource Assets
Gladiator Deposit The Gladiator deposit is now outlined by diamond drilling to a strike length of 1,600 m and depth of 1100 m. Indicated resources at Gladiator are 1,413,000 t @ 8.61 g/t for 391,000 oz of gold and inferred resources are 4,174,000 t @ 7.37 g/t for 989,000 oz of gold. Current and planned drilling at Gladiator includes expansion of resources at selected targets and exploration drilling along the structural corridor hosting the deposit.
Barry Deposit The Barry deposit is a shear-hosted gold deposit with multiple parallel, sub-vertical, shear zones and a second set of veins dipping 50 to 60 degrees to the south. The gold mineralization consists of disseminated sulfides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over a kilometer along strike and 600 m vertical. The deposit remains open for expansion. M&I resource at Barry consists of 5,099,000 tonnes @ 4.21 g/t for 689,000 oz of gold and inferred resource of 4,379,000 tonnes @ 4.89 g/t for 689,000 oz of gold.
Moroy Deposit The Moroy deposit is currently defined by surface and underground drilling and underground development. M&I resource at Moroy consists of 651,000 tonnes @ 5.66 g/t for 118,000 oz of gold and inferred resource of 570,000 tonnes @ 5.37 g/t for 98,000 oz of gold. Drilling at Moroy is in progress from surface and from underground aimed at resource expansion both up dip and down dip and testing new targets within development reach of the current underground
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