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Bonterra Significantly Expands the H15 Zone at Barry; Highlighted by 4.4 g/t Au over 8.0 Metres
Val-d'Or, Quebec--(Newsfile Corp. - June 8, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTCQ...
About this update from Bonterra Resources, Inc.
[{"type":"text","content":"Bonterra Significantly Expands the H15 Zone at Barry; Highlighted by 4.4 g/t Au over 8.0 MetresVal-d'Or, Quebec--(Newsfile Corp. - June 8, 2021) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (\"Bonterra\" or the \"Company\") is pleased to announce results from the ongoing drilling campaign at the Barry project. Recent drilling continues to expand the Barry \"H-Series\" gold mineralized zones at depth. Specifically, the Barry H15 Zone gold mineralized outline has quadrupled in size since the last National Instrument 43-101 (\"NI 43-101\") report was filed in 2019 and remains open along strike and at depth (see Figure 4). The latest drilling results encompass 25 expansion diamond drill holes [12,989 metres (\"m\")], including seven drill holes that were deepened to test for potential extensions of \"H-Series\" subparallel zones. Drilling highlights include a wide zone of mineralization in drill hole MB-21-346 that intercepted 4.4 grams-per-tonne gold (\"g/t Au\") over 8.0 m (see Figures 1 to 4).The Company is currently drilling at a rate of approximately 10,000 m per month and plans to announce a mineral resource estimate update on its three main deposits, Gladiator, Barry, and Moroy in the coming weeks (the \"2021 Resource Update\"), which is expected to incorporate approximately 130,000 m of new drilling information, including the results presented today. In addition, work on the the Preliminary Economic Assessment (\"PEA\") is ongoing and is expected to be completed in Q4 2021 (see press release dated March 1, 2021). Drilling Highlights*:4.4 g/t Au over 8.0 m in hole MB-21-3469.0 g/t Au over 3.6 m and 5.5 g/t Au over 2.1 m in hole MB-21-34511.4 g/t Au over 1.8 m in hole MB-21-3435.4 g/t Au over 5.0 m in hole MB-21-3415.6 g/t Au over 4.0 m in hole MB-21-349* True widths are estimated to be greater than 65% of the drill intersection length.Pascal Hamelin, CEO, commented: \"It is very encouraging to continue seeing drill results that demonstrate good continuity across thick widths in these \"H-Series\" gold mineralized zones. I really look forward to seeing how these results are incorporated into the upcoming mineral resource estimate update. Importantly, company-wide engineering and permitting continues to progress which should allow for a smooth and rapid transition for Bonterra from exploration to development...