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Be the first with the news that moves the market- Bonterra Resources (BTR) is continuing to hit promising grades at its Gladiator project in Quebec
- The ongoing drill campaign has thus far drilled just over 8,000 metres across 24 holes focussing on the site’s Main and North zones
- Notable intersects from the drilling to-date include 14.3 grams per tonne gold over 2.1 metres and 3.4 grams per tonne gold over 1.5 metres
- Seven of the holes drilled to-date have been returned from the analysis lab, with the remaining 17 still outstanding
- Bonterra Resources is down 3.57 per cent and is trading at C$1.08 per share
Bonterra Resources (BTR) is continuing to hit promising grades at its Gladiator project in Quebec.
The ongoing drill campaign has thus far drilled just over 8,000 metres across 24 holes focussing on the site’s Main and North zones, where the mineralised area is characterised by felsic dyke hosted quartz veins.
Notable intersects from the drilling to-date include 14.3 grams per tonne gold over 2.1 metres and 3.4 grams per tonne gold over 1.5 metres. Recent drilling also hit 10.9 grams per tonne gold over 0.5 metres, 64.5 grams per tonne gold over 0.6 metres and 10.8 grams per tonne gold over 0.5 metres.
Seven of the holes drilled to-date have been returned from analysis, with the remaining 17 still outstanding. The company also noted felsic dykes at the nearby Footwall and North Dipper features surrounding the zones.
CEO Pascal Hamelin said the latest drill results were “very encouraging” and demonstrate the continuity of the Main and North Zones.
“The addition of mineralized volumes from the North Dipper and interpreted Footwall Zone subparallel to the Main and North Zones further enhances our understanding of the Gladiator deposit model,” he added.
Nevertheless, The drip feed of recent drilling results has failed to lift Bonterra’s ailing share price, which has continued to trade down over the last few months.
After starting out the year around C$2.14 per share, Bonterra’s TSXV-listed shares sank to a 52-week low of 75 cents at the onset of the COVID-19 pandemic and have yet to stage and sustained recovery.
In trading today, Bonterra Resources is down 3.57 per cent and is trading at $1.08 per share at 2:44am EST.
