Bonterra Resources, expanding on its high grade Gladiator gold deposit. Bonterra has recently raised $40 million dollars with strategic and renowned investors and has aggressive drill programs underway in Quebec and Ontario.
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 7,563-hectare Gladiator Project is located in the Urban-Barry Greenstone Belt within the Abitibi Subprovince. Major regional crustal shear zones cross the Abitibi and is considered the plumbing system for these significant gold deposits. A related splay of a major shear zones crosses this greenstone belt, which helped fertilize the area with gold. Bonterra’s Gladiator Project is comprised of three properties: West Arena, East Arena, and Coliseum Properties. These properties are contiguous or in close proximity to each other. The project is located approximately 170 km NE of Val-d’Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Québec.
Bonterra’s Larder Lake Gold Project (2,165-hectare) is located in eastern Ontario, in McVittie and McGarry Townships, near the town of Virginiatown. The Bear Lake deposit hosts a historic estimate* (2011, P+E Mining) of 3,750,000 tonnes at 5.7 g/t (683,000 oz) (inferred). The Cheminis Deposit contains a historic estimate* (2011, P+E Mining) of indicated of 335,000 tonnes at 4.1 g/t (43,800 oz) and inferred of 1,391,000 tonnes at 5.2 g/t (233,400 oz). Please refer to cautionary information above regarding historic estimates. The Larder Lake Gold Property also straddles 9 km strike length of the Cadillac/Larder Lake break.
Central to the Larder Lake Gold Property is the Cheminis property (the “Cheminis Mine”), which includes a vertical shaft to a depth of 1,085 feet, with six levels of which the deepest is at 1,035 feet. Intermittent past production from the Cheminis Mine has totaled approximately 260,000 tons at a recovered grade of approximately 0.104 ounces Au/ton. Gold Fields entered into an option in 2012 to earn a 60% interest in the Bear Lake properties by spending $40 million in exploration and development. After 1 year of work/ $6MM/ 59 Holes, Goldfields pulled exploration activities world wide., and terminated their option in 2015; the 59 holes have not been added to the current geological model.
For more information on Bonterra Resources (BTR.V) please fill out the form below.