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Be the first with the news that moves the market- Bonterra Resources (BTR) has intersected high-grade gold at its Barry deposit in Quebec as part of an ongoing drilling campaign
- The program originally began in early January, but was suspended in March due to COVID-19 and resumed again in July
- Totalling 20,000 metres, the campaign has been designed primarily to develop the western and eastern extensions of the Barry deposit on land
- Notably, the company intersected a key result of 5.6 grams per tonne of gold over four metres
- Bonterra Resources (BTR) is currently steady at C$1.24 per share
Bonterra Resources (BTR) has intersected high-grade gold at its Barry deposit in Quebec as part of an ongoing drilling campaign.
The 20,000-metre campaign was launched on January 6 this year, but was suspended in mid-March due to the COVID-19 outbreak after completing 26 drill holes over a total of 10,662 metres.
It was then resumed on July 23, and has seen a further 6,400 metres drilled across 20 holes using two drill rigs: one on a barge on Lac Limpide and the other on dry land near the Barry deposit.
The program has been designed to develop the western and eastern extensions of the Barry deposit on land, and will explore a magnetic anomaly under Lac Limpide to the west and north of the deposit. Infill drilling will also be included at intervals of more than 100 metres around the Barry deposit.
While the work remains ongoing and more results are yet to be released, a number of significant intersections have already been made. These include 5.6 grams per tonne of gold over four metres in hole MB-20-269 and 6 grams per tonne of gold over 1.8 metres in hole MB-20-275.
Pascal Hamelin, Interim CEO and Vice President of Operations at Bonterra Resources, commented on the promising results.
“I am very pleased to see these very encouraging results to the west of the Barry deposit this early in the drilling campaign.
“It bodes well for the rest of the campaign and ultimately for the potential to add mineral resources in the next resource update,” he said.
Bonterra Resources (BTR) is currently steady at C$1.24 per share at 1:21pm EDT.
