Dale Ginn, VP of exploration at Bonterra Resources Inc. speaks on their new gold deposit in Quebec.
Essentially, Bonterra is an extremely strong and rare Junior Gold Explorer that actually has found a new gold deposit and is building it into a multi-million ounce gold deposit in a friendly jurisdiction in Quebec north of Val-d’Or in the Abitibi region. We also have a second project to the east of Kirkland Lake Ontario. However, our focus right now is really in Quebec. So the project’s called Gladiator and we are basically busy drilling it with four diamond drill rigs right now, moving to six over this winter. It started out about 200 meters long in dimensions to 200 meters deep and currently it’s 1.2 kilometers long now in terms of drill dimension and it’s one kilometer deep. The other thing about it is we found five distinct zones where as it started at one just a year and a half ago. So, it’s building in size very rapidly. We have extremely strong knowledgeable shareholders in Eric Sprott and Kirkland Lake Gold, as well we have a about a twenty five million dollar cash position so we’re fully funded through at least to our new resource calculation mid next year.
Bonterra is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the world famous Abitibi Greenstone Belt in mining-friendly Quebec.
Bonterra’s 10,541-hectare Gladiator Project is located in the Urban-Barry Greenstone Belt within the Abitibi Subprovince. The Gladiator Deposit remains open in all directions with drilled dimensions currently outlined to a depth of 1,000 meters with a strike length of 1,200 meters. At least five distinct subparallel zones or mineralized horizons have been identified.
A resource expansion drill program is underway with over 50,000 meters planned utilizing a minimum of four drill rigs. An updated Mineral Resource Estimate is planned for mid-2018.
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