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Bonterra Resources Inc.
Summary
| Project: | Bachelor Mine | |
|---|---|---|
| Deposit: | Moroy | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-5-2019: Bonterra Resources Inc. announces a Resource Estimation report for its Moroy deposit at the Bachelor Mine project. Updated mineral resource estimate at the project. SGS Canada Inc. (“SGS”) was contracted by Bonterra Resources Inc. (“Bonterra Re | |
| Resources: | (Resource, M+I): 0.667Mt @ 5.18g/t Au at Moroy | |
| CP/QP: | [Resources]: Allan Armitage (SGS Canada Inc.) | |
| ABSTRACT: | SGS Canada Inc. (“SGS”) was contracted by Bonterra Resources Inc. (“Bonterra Resources”) to complete a Mineral Resource Estimate for the Moroy Deposit, located 3.5 kilometres east of the village of Desmaraisville and 30 kilometres south of the Cree community of Waswanipi. SGS was also contracted to prepare a technical report written in support of the Mineral Resource Estimate. The reporting of the Mineral Resource Estimate complies with all disclosure requirements for Mineral Resources set out in the NI 43- 101 Standards of Disclosure for Mineral Projects. The classification of the updated Mineral Resource is consistent with current CIM Definition Standards - For Mineral Resources and Mineral Reserves (2014). Bonterra Resources is a Canadian public company involved in mineral exploration and development. Bonterra Resources’s common shares are listed on the Toronto Stock Exchange Venture Exchange (“TSXV”) under the symbol “GGM”. Their current business address is 2872 Sullivan Road Suite No. 2, Val-d’Or, Québec, Canada, J9P 0B9. This technical report will be used by Bonterra Resources in fulfillment of their continuing disclosure requirements under Canadian securities laws, including National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). This technical report is written in support of an updated Mineral Resource Estimate completed for Bonterra Resources. Bonterra Resources reports that the Moroy deposit contains an underground mineral resource, at a base case cut-off grade of 3 g/t Au, of 111,000 ounces of gold (667 000 tonnes) at an average grade of 5.18 g/t Au in the Measured and Indicated category, and 55,000 ounces of gold (396 000 tonnes) at an average grade of 4.32 g/t Au in the Inferred category. The effective date of the resource estimate is May 06, 2019. The updated Mineral Resource Estimate presented in this report was estimated by Allan Armitage, Ph.D., P. Geo, (“Armitage” or the “Author”) of SGS. Armitage is an independent Qualified Persons as defined by NI 43-101. | |
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