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Bonterra Resources Inc.
Summary
| Project: | Gladiator | |
|---|---|---|
| Deposit: | Titan | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2019: Bonterra Resources Inc. announces an Exploration/Drilling Update report for its Titan deposit at the Gladiator project. Drilling results incl. 5.3m @ 12.4g/t Au. Vancouver, BC – January 21, 2019: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Robert Gagnon (Internal) | |
| ABSTRACT: | Vancouver, BC – January 21, 2019: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to report ongoing developments to its shareholders and investors and announce follow up drill results of 12.4 g/t Au over 5.3m from the recently discovered Titan Extension of the Gladiator Deposit. Bonterra’s recent acquisition of Metanor Resources Inc. and consolidation of the Company’s databases and management have resulted in broader exploration and resource development plans. Bonterra will conduct a company-wide NI 43-101 mineral resource estimate for all its Urban Barry exploration assets, including the Gladiator, Barry and Moroy deposits. The combined mineral resource estimate is part of Bonterra’s strategy to fast track the development of the three deposits simultaneously, to optimize feed to the Urban Barry Mill over the life of the three mines. In order to concentrate on the exploration of all three deposits, the Company’s mining operations in Quebec will be placed on care and maintenance. Multiple new discoveries and extensions at the Gladiator Deposit have significantly increased the strike length of mineralization to nearly 5 km. Extensional drilling, made possible by land access via the Duke option agreement, has resulted in a dramatic increase in the gold-bearing footprint at the Gladiator Deposit, especially in proximity to former claim boundaries. Bonterra was previously limited by these claim boundaries and has since been able to access areas of the deposit that were formerly unavailable. | |
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