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 including the Gladiator, Barry and Moroy deposits, Urban-Barry Mill and multiple highly prospective exploration prospects. Bonterra controls the only permitted gold mill in the region with a large land position of approximately 20,815 hectares in the Urban Barry Camp. Bonterra is located in the mining-friendly province of Quebec, within the Abitibi Greenstone Belt, advancing to the completion of a company wide updated NI 43-101 Mineral Resource Estimate.
The Gladiator Deposit is described as a highly silicified and altered sheared mafic volcanics, locally 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 with potential to intersect the main trend at depth. Development and drill programs underway at Moroy with more than 65,000 m of surface and underground drilling completed on to date. In 2019, Bonterra will updated the NI 43-101 mineral resource estimate at the Moroy Deposit.
Mineralization at the Barry Deposit has been identified 1,300 m along strike and 600 m at depth. The deposit remains open in all directions, where at least three distinct sub-parallel gold bearing shear zones and secondary tension veins are mineralized. Between 2008-2010, 43,970 ounces of gold was extracted from three small pits at the Barry Deposit. More recently, the focus has been underground development with a ramp underway to being a bulk sampling program in early 2019.
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