Three High-Grade Gold Deposits
Bonterra Resources plans to fast track their three high-grade gold deposits.
Bonterra is a Canadian gold exploration company with a large balanced portfolio of exploration and mining assets. These include the Gladiator, Barry and Moroy deposits, Urban-Barry Mill and multiple highly prospective exploration prospects.
The company controls the only permitted gold mill in the region with a large land position of about 20,815 hectares in the Urban Barry Camp. Located in the mining-friendly province of Quebec, within the Abitibi Greenstone Belt, Bonterra is advancing to the completion of a company wide updated NI 43-101 Mineral Resource Estimate.
The Gladiator Deposit is a highly silicified and altered sheared mafic volcanics, exhibiting intrusions of syenite and quartz porphyry. Smoky quartz veining also occurs locally containing the bulk of the mineralization and free gold. 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 Moroy Deposit is a south-parallel system to the Bachelor mine, dipping north towards the Bachelor trend. It has potential to intersect the main trend at depth. With development and drill programs underway, the company completed more than 65,000 m of surface and underground drilling and in 2019, Bonterra will update the NI 43-101 mineral resource estimate.
This deposit has mineralization of 1,300 m along strike and 600 m at depth. The deposit remains open in all directions and at least three distinct sub-parallel gold bearing shear zones and secondary tension veins show mineralization. Between 2008-2010, the company extracted 43,970 ounces of gold from three small pits. More recently, they focused on underground development with a ramp underway to being a bulk sampling program in early 2019.
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