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Bonterra Improves Mineralized Continuity and Expands Gold Bearing Structure to the East at Barry
Val-d'Or, Quebec--(Newsfile Corp. - March 1, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTC...
About this update from Bonterra Resources, Inc.
[{"type":"text","content":"Bonterra Improves Mineralized Continuity and Expands Gold Bearing Structure to the East at BarryVal-d'Or, Quebec--(Newsfile Corp. - March 1, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (\"Bonterra\" or the \"Company\") is pleased to announce an update on results from the ongoing drilling campaign at the Barry project. These results encompass 16 diamond drill holes for 6,322 metres (\"m\"), of which seven holes were infill and nine holes were expansion. The Company is currently drilling at a rate of approximately 10,000 m per month and plans a mineral resource estimate update for Q2/21 (\"2021 Resource Update\"), which is expected to incorporate approximately 130,000 m of new drilling information. In addition, work on the the Preliminary Economic Assessment (\"PEA\") is currently underway and is expected to be completed in the fall of 2021. Highlights:Expansion Drilling:6.1 g/t Au over 4.3 m and 3.2 g/t Au over 6.9 m in hole MB-21-3306.7 g/t Au over 0.5 m in hole MB-20-3216.1 g/t Au over 1.0 m in hole MB-20-328Infill Drilling:5.5 g/t Au over 3.6 m and 5.8 g/t Au over 0.6 m in hole MB-20-318 5.1 g/t Au over 4.8 m and 1.8 g/t Au over 6.0 m in hole MB-20-32315.1 g/t Au over 1.0 m in hole MB-20-326 Pascal Hamelin, CEO commented: \"The results from infill drilling on the northern upper portion of the Barry deposit and expansion drilling at the eastern extension are very promising. Specifically, the infill drilling confirms mineralized continuity of the existing inferred resources closer to surface and drilling of the eastern extension is expected to add new resources at depth. Drilling data from the Company's three main deposits totaling approximately 130,000 m will be incorporated into the upcoming 2021 Resource Update expected in Q2/21. The 2021 Resource Update will in turn provide the foundation of a PEA planned for the fall of 2021. Additionally, the Company is about two-thirds of the way through the permitting process to expand the milling rate at the Company's 100% owned Bachelor Mill from 800 to 2,400 tonnes per day.\"The Company has drilled 66 holes representing a total of 23,830 m at Barry since July 23, 2020. Results from 16 holes have been received since the press release dated December 21, 2020. Results from the remaining 17 drilled holes are pending. (See Table 1 and Figures 1 and 2).SLR Consult...