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Bonterra Resources Inc.
Summary
| Project: | Gladiator | |
|---|---|---|
| Deposit: | Gladiator, Barry | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-5-2019: Bonterra Resources Inc. announces a Resource Estimation report for its Gladiator, Barry deposit at the Gladiator project. Updated mineral resource estimate at the project. The Gladiator, Barry, and Moroy deposits are located in the Urban-Barry | |
| Resources: | ||
| CP/QP: | [Resources]: Allan Armitage, Olivier Vadnais-Leblanc (SGS Canada Inc.) | |
| ABSTRACT: | The Gladiator, Barry, and Moroy deposits are located in the Urban-Barry greenstone belt, approximately 200 km northeast of Val d'Or, QC. The Moroy deposit is located on the Bachelor property which includes the Bachelor deposit and the Urban-Barry mill. The Gladiator and Barry deposits are located on the Urban-Barry property, approximately 125 and 110 kilometres respectively, from the Urban-Barry mill (see Figure 1). The Moroy deposit is a shear hosted gold deposit comprised of multiple, sub-parallel, gold bearing zones dipping moderately to steeply to the North. Moroy mineralization consists of disseminated sulfides within silica-hematite alteration located at the contacts of syenitic dykes. The Moroy deposit is located approximately 600 metres south of the Bachelor deposit and has been accessed underground from the Bachelor mine. The Moroy deposit has been delineated over strike length of approximately 400 metres and remains open for expansion. 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 1 kilometres along strike and 600 metres vertical. The deposit remains open for expansion. The Gladiator deposit occurs within a major shear corridor and is a quartz vein hosted gold deposit consisting of several steeply south dipping vein and shear structures. Mineralization at Gladiator consists dominantly of free gold in quartz veins. Gladiator is currently defined over a 1.5 kilometres strike length and to a vertical depth of 800 metres. The Gladiator deposit remains open at depth and along strike. The Company currently has five drills operating on the Bachelor and Urban-Barry properties. These drills are testing a combination of resource expansion and earlier stage exploration targets. Table 2. Gladiator Mineral Resource Estimate tabulated at various cut off grades | |
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