Bonterra Commences 2024 Drilling Campaign at its 100% Owned Desmaraisville South Project
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) has launched a diamond drilling program at its wholly-owned Desmaraisville South project. The company plans to drill 4,000 to 6,000 meters by year-end, targeting several prospective areas identified through geological and geophysical work. The primary goal is to discover new mineralized lenses within 15 kilometers of the Bachelor Mill Complex.
Concurrently, Bonterra is considering updating its 2021 mineral resource estimate for the Barry and Gladiator deposits, following over 100,000 meters of additional drilling. The company also noted ongoing compilation work at the Phoenix JV, where a 60,000-meter drill campaign was completed in July, with further drilling expected later this year under Gold Fields' operation.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) ha avviato un programma di perforazione a diamante nel suo progetto interamente posseduto Desmaraisville South. L'azienda prevede di perforare tra 4.000 e 6.000 metri entro la fine dell'anno, mirando a diverse aree prospettiche identificate attraverso lavori geologici e geofisici. L'obiettivo principale è scoprire nuove lenti mineralizzate entro 15 chilometri dal Bachelor Mill Complex.
Contemporaneamente, Bonterra sta valutando l'aggiornamento della sua stima delle risorse minerarie del 2021 per i giacimenti di Barry e Gladiator, dopo oltre 100.000 metri di perforazione aggiuntiva. L'azienda ha inoltre segnalato lavori di compilazione in corso presso il Phoenix JV, dove una campagna di perforazione di 60.000 metri è stata completata a luglio, con ulteriori perforazioni previste per la fine dell'anno nell'ambito delle operazioni di Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) ha lanzado un programa de perforación con diamante en su proyecto Desmaraisville South, de propiedad total. La empresa planea perforar entre 4.000 y 6.000 metros para fin de año, enfocándose en varias áreas prospectivas identificadas a través de trabajos geológicos y geofísicos. El objetivo principal es descubrir nuevas lentes mineralizadas dentro de un radio de 15 kilómetros del Bachelor Mill Complex.
Simultáneamente, Bonterra está considerando actualizar su estimación de recursos minerales de 2021 para los depósitos de Barry y Gladiator, tras más de 100.000 metros de perforación adicional. La empresa también mencionó que están en curso trabajos de recopilación en el Phoenix JV, donde se completó una campaña de perforación de 60.000 metros en julio, con más perforaciones previstas para este año bajo la operación de Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF)는 전량 소유 프로젝트인 Desmaraisville South에서 다이아몬드 시추 프로그램을 시작했습니다. 이 회사는 연말까지 4,000에서 6,000미터를 시추할 계획이며, 이는 지질 및 지구물리학적 작업을 통해 확인된 여러 잠재적 지역을 겨냥하고 있습니다. 주요 목표는 Bachelor Mill Complex에서 15킬로미터 이내의 새로운 광물화 렌즈를 발견하는 것입니다.
동시에 Bonterra는 Barry와 Gladiator 매장지에 대한 2021년 광물 자원 추정치를 업데이트하는 것을 고려하고 있으며, 이는 100,000미터 이상의 추가 시추에 따라 이루어집니다. 회사는 또한 7월에 60,000미터 시추 캠페인이 완료된 Phoenix JV에서 진행 중인 기초 작업을 언급했으며, Gold Fields 운영 하에 올해 말 추가 시추가 예정되어 있습니다.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) a lancé un programme de forage au diamant sur son projet Desmaraisville South entièrement détenu. L'entreprise prévoit de forer entre 4.000 et 6.000 mètres d'ici la fin de l'année, ciblant plusieurs zones prometteuses identifiées grâce à des travaux géologiques et géophysiques. L'objectif principal est de découvrir de nouvelles lentilles minéralisées dans un rayon de 15 kilomètres du Bachelor Mill Complex.
Simultanément, Bonterra envisage de mettre à jour son estimation des ressources minérales de 2021 pour les dépôts de Barry et Gladiator, suite à plus de 100.000 mètres de forage supplémentaire. L'entreprise a également noté que des travaux de compilation étaient en cours au Phoenix JV, où une campagne de forage de 60.000 mètres a été achevée en juillet, avec d'autres forages prévus plus tard cette année sous l'exploitation de Gold Fields.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) hat ein Diamantbohrprogramm in seinem vollständig im Besitz befindlichen Projekt Desmaraisville South gestartet. Das Unternehmen plant, bis zum Jahresende zwischen 4.000 und 6.000 Meter zu bohren und zielt auf mehrere potenzielle Gebiete ab, die durch geologische und geophysikalische Arbeiten identifiziert wurden. Das Hauptziel ist die Entdeckung neuer mineralisierter Linsen innerhalb von 15 Kilometern des Bachelor Mill Complex.
Gleichzeitig prüft Bonterra ein Update seiner Mineralressourcenschätzung von 2021 für die Lagerstätten Barry und Gladiator, nachdem über 100.000 Meter zusätzliche Bohrungen durchgeführt wurden. Das Unternehmen erwähnte auch, dass derzeit compilationsarbeiten am Phoenix JV stattfinden, wo eine Bohrkampagne von 60.000 Metern im Juli abgeschlossen wurde und weitere Bohrungen noch in diesem Jahr unter der Leitung von Gold Fields erwartet werden.
- Commencement of new drilling program at 100% owned Desmaraisville South project
- Potential for new mineralized lenses discovery near Bachelor Mill Complex
- Consideration of updating mineral resource estimate for Barry and Gladiator deposits
- Completion of 60,000 m drill campaign at Phoenix JV with expected continuation
- None.
Val-d'Or, Quebec--(Newsfile Corp. - August 27, 2024) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") announces the start of a diamond drilling program at its
Marc-André Pelletier, President and CEO commented: "The commencement of exploration at our
At our Phoenix JV, the compilation work continues following the 60,000 m drill campaign that was completed in July. Drilling activities are expected to continue later this year with Gold Fields as the operator of the Phoenix JV."
Figure 1: Desmaraisville South Project, Prospective Drill Targets
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Qualified Person
M. Donald Trudel, P.Geo. (OGQ # 813), Director Geology for the Company, oversees all exploration activities on the Desmaraisville Property and has compiled and approved the information contained in this press release. Mr. Trudel is a qualified person as defined by National Instrument 43-101 on standards of disclosure for mineral projects.
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category.
In November 2023, the Company entered into an earn in and a joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits. In August 2024, Gold Fields Limited announced the acquisition of Osisko Mining for C
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8678 | Website: www.btrgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution regarding forward-looking statements
This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the earn in a joint venture agreement with Osisko Mining announced on November 28, 2023, and the acquisition of Osisko Mining by Gold Fields announced on August 12, 2024. The words "will," "anticipated," "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacing may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political, and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information.
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FAQ
What is Bonterra Resources' 2024 drilling plan for the Desmaraisville South project?
How many meters of drilling has Bonterra completed at Barry and Gladiator deposits since the 2021 mineral resource estimate?
What is the status of Bonterra Resources' (BONXF) Phoenix JV project?
What is the main goal of Bonterra's 2024 drilling campaign at Desmaraisville South?
