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