Bonterra Resources (BTR.V), expanding on its high grade Gladiator gold deposit. Recently raised $40 million dollars with strategic and renowned investors. And has aggressive drill programs underway in Quebec and Ontario.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.The 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. Gladiator Project is comprised of three 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 Resources’s Gold Projects
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.