Bonterra Resources Announces First Gold Sale from its Bachelor Mill Cleanup
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) has announced its first gold sale from the Bachelor Mill cleanup process. The company has recovered 630 ounces of gold to date, generating revenue of CAN$1.6 million. Bonterra expects additional revenue in the coming months as gold recovery efforts continue at the mill.
CEO Marc-André Pelletier stated that the next gold shipment is expected in Q4, and the combined revenue from the mill cleanup is anticipated to offset the majority of the Company's exploration activities through the end of 2023. Bonterra is currently working on an updated exploration program to test the extension of mineral resources near the Barry, Gladiator, and Bachelor deposits.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) ha annunciato la sua prima vendita di oro derivante dal processo di pulizia del Bachelor Mill. L'azienda ha recuperato 630 once d'oro fino ad oggi, generando entrate di 1,6 milioni di dollari CAN. Bonterra prevede ulteriori entrate nei prossimi mesi man mano che le operazioni di recupero dell'oro continuano presso il mulino.
Il CEO Marc-André Pelletier ha dichiarato che la prossima spedizione d'oro è prevista per il quarto trimestre, e si prevede che le entrate combinate dalla pulizia del mulino possano compensare la maggior parte delle attività di esplorazione dell'azienda fino alla fine del 2023. Bonterra sta attualmente lavorando a un programma di esplorazione aggiornato per verificare l'estensione delle risorse minerarie vicino ai depositi di Barry, Gladiator e Bachelor.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) ha anunciado su primera venta de oro del proceso de limpieza del Bachelor Mill. La compañía ha recuperado 630 onzas de oro hasta la fecha, generando ingresos de 1.6 millones de dólares canadienses. Bonterra espera ingresos adicionales en los próximos meses a medida que continúan los esfuerzos de recuperación de oro en la planta.
El CEO Marc-André Pelletier declaró que se espera que el próximo envío de oro ocurra en el cuarto trimestre, y se anticipa que los ingresos combinados de la limpieza de la planta compensen la mayor parte de las actividades de exploración de la empresa hasta finales de 2023. Bonterra está trabajando actualmente en un programa de exploración actualizado para evaluar la extensión de los recursos minerales cercanos a los depósitos de Barry, Gladiator y Bachelor.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF)는 Bachelor Mill 정리 과정에서 첫 번째 금 판매를 발표했습니다. 회사는 현재까지 630온스의 금을 회수했습니다, 160만 캐나다 달러의 수익을 창출했습니다. Bonterra는 밀에서의 금 회수 작업이 계속됨에 따라 앞으로 몇 달 안에 추가 수익을 기대하고 있습니다.
CEO Marc-André Pelletier는 다음 금 배송이 4분기에 예상되며, 밀 정리의 총수익이 2023년 말까지 회사의 탐사 활동 대부분을 상쇄할 것으로 보인다고 밝혔습니다. Bonterra는 현재 Barry, Gladiator 및 Bachelor 광상 근처의 광물 자원 연장을 시험하기 위한 업데이트된 탐사 프로그램을 진행 중입니다.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) a annoncé sa première vente d'or issue du processus de nettoyage du Bachelor Mill. L'entreprise a récupéré 630 onces d'or à ce jour, générant des revenus de 1,6 million de dollars canadiens. Bonterra s'attend à des revenus supplémentaires dans les mois à venir alors que les efforts de récupération d'or se poursuivent à l'usine.
Le PDG Marc-André Pelletier a déclaré que la prochaine expédition d'or est attendue au quatrième trimestre, et que les revenus combinés du nettoyage de l'usine devraient compenser la majeure partie des activités d'exploration de l'entreprise jusqu'à la fin de 2023. Bonterra travaille actuellement sur un programme d'exploration mis à jour pour tester l'extension des ressources minérales près des gisements de Barry, Gladiator et Bachelor.
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) hat den ersten Goldverkauf aus dem Bereinigungsprozess der Bachelor Mill bekannt gegeben. Das Unternehmen hat bisher 630 Unzen Gold zurückgewonnen und dabei Einnahmen von 1,6 Millionen CAD generiert. Bonterra erwartet in den kommenden Monaten zusätzliche Einnahmen, da die Goldrückgewinnungsbemühungen in der Mühle fortgesetzt werden.
CEO Marc-André Pelletier erklärte, dass die nächste Goldlieferung im vierten Quartal erwartet wird und dass die kombinierten Einnahmen aus der Mühlenbereinigung voraussichtlich den Großteil der Explorationsaktivitäten des Unternehmens bis Ende 2023 ausgleichen werden. Bonterra arbeitet derzeit an einem aktualisierten Explorationsprogramm, um die Ausdehnung der mineralischen Ressourcen in der Nähe der Lagerstätten Barry, Gladiator und Bachelor zu testen.
- Generated CAN$1.6 million in revenue from 630 ounces of gold recovered
- Expecting additional revenue from ongoing gold recovery efforts
- Mill cleanup revenue expected to offset majority of exploration activities through end of 2023
- Working on updated exploration program to test mineral resource extensions
- None.
Val-d'Or, Quebec--(Newsfile Corp. - August 9, 2023) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to report that the Bachelor Mill cleanup process has recovered 630 ounces of gold to date generating revenue of CAN
Marc-André Pelletier, President and CEO commented: "I would like to thank Bonterra's employees that are diligently working on the Bachelor Mill cleanup, especially after being evacuated on more than one occasion this summer due to forest fires. The next gold shipment is expected in Q4, and when combined with the 630 ounces already sold, revenue from the mill cleanup is expected to offset the majority of the Company's exploration activities through the end of 2023. Importantly, the Company is currently working on an updated exploration program with the objective of testing the extension of mineral resources near the Barry, Gladiator and Bachelor deposits."
Qualified Person
Marc-André Pelletier, P.Eng., (OIQ # 113978) President and CEO of the Company has verified and approved the information contained in this press release. Mr. Pelletier 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 large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor 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. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-279-9304 | 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 Bonterra's plans to continue cleaning up the Bachelor Mill and recovering gold. 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 spacings 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/176536
FAQ
How much gold has Bonterra Resources (BONXF) recovered from the Bachelor Mill cleanup?
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When does Bonterra Resources (BONXF) expect the next gold shipment?
How will the revenue from the mill cleanup impact Bonterra Resources' (BONXF) exploration activities?
