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Be the first with the news that moves the market- Bonterra Resources (BTR) has revealed all three of its exploration properties are now back on track, despite a turbulent few months
- During the coronavirus-related lockdown period, the company lost both its CEO and its VP of Exploration
- The company’s former CEO Greg Gibson was appointed special advisor to the CEO at Kirkland Lake Gold, one of the largest miners in the world
- Meanwhile, the company has now committed to an extra 56,000 metres of drilling across the Barry, Moroy and Gladiator properties
- Bonterra Resources (BTR) is down 2.5 per cent and is trading at C$1.46 per share
Bonterra Resources (BTR) has resumed a drilling program at the Barry and Gladiator projects, following a turbulent few months for the company.
Bonterra’s projects were put on the backburner during the coronavirus pandemic, with operations suspended on March 17, 2020.
Meanwhile, the company’s former CEO Greg Gibson accepted a job with the mega-miner Kirkland Lake Gold. Greg accepted a job with Kirkland Lake in an advisory role to the CEO and was tasked with integrating the Detour Lake Mine into Kirkland’s portfolio.
The company appointed Pascal Hamelin as its interim CEO in April, before its VP of Exploration Jamie Lavigne also resigned in June of this year.
Meanwhile. Bonterra resumed exploration at the Moroy project in June, while Barry and Gladiator have been slower to resume operations.
Bonterra has committed significant resources to the exploration program, with eight drill rigs turning across the three projects.
The company has committed to an additional 56,000 metres of drilling work over the remainder of 2020, including 20,000 metres of surface drilling at Moroy, 16,000 metres of drilling at Gladiator and 20,000 metres at Barry.
Pascal Hamelin, the new Interim CEO and VP of Operations said he was very excited to be resuming exploration activities in the Urban-Barry and Bachelor mining camps.
“I wish to thank our employees and suppliers for their continuous support and effort in maintaining all our assets in excellent shape for a safe resumption,” he said.
Bonterra Resources (BTR) is down 2.5 per cent and is trading at C$1.46 per share at 10:20 am EDT.
