Gold Deposit Expansion
Bonterra Resources, expanding on its high grade Gladiator gold deposit. Bonterra has recently raised $40 million dollars with 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.
The zone is described as a highly silicified and altered sheared mafic volcanic, locally exhibiting intrusions of syenite and quartz porphyry. Smoky quartz veining also occurs locally containing the bulk of the mineralization and free gold, as well as tourmaline and chlorite occupying fractures. The alteration zone is pervasive between 210 and 220 meters with the mineralized portion occupying 210.6 to 216.7 meters. Mineralization consists of minor (trace to 2%) pyrite, chalcopyrite and yellow sphalerite throughout but especially in and near the contacts with the quartz veining. The deposit is open along strike and down dip within the Spartacus Trend. In addition to the Spartacus Trend, excellent potential exists along the Crixus and Gannicus Trend.
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