- Bonterra (TSXV:BTR) has reported results from its Gladiator Deposit
- The company’s best result was 13.76 grams of gold per tonne over 4.5 metres from the winter drilling program
- The program was suspended in mid-March due to coronavirus fears
- Bonterra’s lab is only working 4 hours a day to maintain social distancing protocols
- Bonterra Resources (BTR) is down 7 per cent at C$1.20 per share and has a market cap of $90 million
Bonterra Resources Inc (TSXV:BTR) has reported its intersections from the winter drilling regime at the Gladiator Deposit in Quebec.
The junior explorer suspended it’s winter drill program in mid-March due to coronavirus related shutdowns.
All assays for the exploration program were being completed at the company’s bachelor mine assay laboratory during the shutdown. The lab has been on social distancing protocols itself, which has meant only operating for four hours per day.
The results reported are from hole BA-20-7. They include an intersection of 5.93 grams per tonne gold over an intersection length of 11.0 metres, which includes a higher grade intercept of 13.76 grams per tonne gold over 4.5 metres.
Results from the remainder of hole BA-20-7 and from other holes drilled at Gladiator remain pending, and the company has committed to releasing these results as soon as its lab can do so.
Greg Gibson, President and CEO of Bonterra, said “this recent result on the north zone occurs approximately 110 meters below the surface on a part of the north zone where the drilling remains relatively widely spaced.”
“This intercept supports our current strategy to both expand and infill near surface resources at Gladiator to advance the deposit,” he said.
Bonterra’s Gladiator project had a mineral resource estimate conducted on the site halfway through last year. The mineral resource estimate has an indicated resource estimate of 200,000 tonnes of gold on the site, at a grading of 8.46 grams per tonne gold from 743,000 tonnes of
Bonterra Resources (BTR) is down 7 per cent to C$1.20 per share at 12:52pm EST.