| Announcement Date: | 2022-11-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Bonterra Resources Inc. |
| Project name: | Barry |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 2.1m at 79.9g/t Au from 239.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Val-d’Or, Quebec–(Newsfile Corp. – November 15, 2022) – Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the first results from the ongoing infill drilling campaign at the Barry underground project as well as the latest results of the open pit project, which are expected to be used for the grade interpolation of the mineralization at depth. The Company commenced a 125,000 metres (“m”) drill program at the Barry underground deposit last August, which contains 0.5 million ounces of Measured and Indicated Mineral resources and 0.7 million ounces of Inferred Mineral resources, as stated in the last mineral resource estimate (the “2021 MRE”, see press release dated June 23, 2021). To date, 15,900 m (33 holes) of infill drilling has been completed from the surface, mainly in the upper half of the Barry underground deposit. The Barry open pit drill program was designed to fill gaps in the drill spacing in and immediately around the pit shell from the 2021 MRE. Some holes have been extended below the pit scope to target high potential underground mineralization zones and will be used for the grade interpolation of the mineralization at depth. The results obtained from the in the pit mineralization depth range confirmed the strong southeast extension |
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