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$Bonterra intersects 11.3 g/t Au over 2.2 metres from the ongoing
expansion drilling campaign at Barry
https://btrgold.com/2021/08/16/bonterra-intersects-11-3-g-t-au-over-2-2-metres-from-the-ongoing-expansion-drilling-campaign-at-barry/
Val-d’Or, QC – August 16, 2021 –
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the results from the ongoing drilling campaign at the Barry project. Recent drilling continues to expand the H series at depth in the SW sector and up-dip to the NW (Figure 1). The latest results encompass nine diamond drill holes designed to expand the 2021 mineral resource estimate (“MRE”) released in June (see press release dated June 23, 2021), and one hole (MB-21-353) that was included in the MRE. Drilling highlights include 11.3 grams-per-tonne gold (“g/t Au”) over 2.2 metres (“m”) in the H15 zone.
The Company is currently drilling at a rate of approximately 10,000 m per month at its three main gold deposits to expand upon the recently released MREs. In addition, work on the preliminary economic assessment (“PEA”), which would utilize the existing Bachelor Mill as a central processing facility is ongoing and is expected to be completed in Q4 2021.
Highlights include:
11.3 g/t Au over 2.2 m in hole MB-21-361
3.0 g/t Au over 7.0 m, including 6.5 g/t Au over 3.1 m in hole MB-21-353
3.0 g/t Au over 6.8 m, including 6.2 g/t Au over 2.0 m in hole MB-21-372
14.8 g/t over 0.4 m in hole MB-21-352
Pascal Hamelin, CEO commented: “Today’s drill results of the H series reinforce the expansion potential we see across the entire Barry project. More assay results are expected from Barry in the coming months as a backlog of pending results are returned from the laboratory and from the ongoing drilling campaign of expansion targets, which remain open in all directions.”
https://btrgold.com/2021/08/16/bonterra-intersects-11-3-g-t-au-over-2-2-metres-from-the-ongoing-expansion-drilling-campaign-at-barry/
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Gold & Silver is the only REAL Legal Tender -
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Bonterra Provides a Corporate Update
Val-d’Or, QC – June 30, 2020:
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the
“Company” or “Bonterra”) is pleased to provide a corporate update
including the status of the bulk sampling program at Moroy.
https://btrgold.com/2020/06/30/bonterra-provides-a-corporate-update/
On March 17, 2020, Bonterra announced the immediate suspension of all
drilling at its Moroy, Gladiator, and Barry projects, and stopped the
bulk-sampling program at Moroy due to the Covid-19 global pandemic.
Since that time, the three camps and the Val-d’Or office have been on
care and maintenance.
Essential employees are maintaining the three sites, and the corporate
office.
Other employees assigned to geology, and environmental permitting are
working remotely where possible.
The Company has developed procedures to protect its workers and the
surrounding communities near the projects.
These procedures will continue to evolve as more is known about Covid-
19.
Importantly, the Company is pleased to report no known cases on its
projects.
Bonterra recently updated and submitted its health and safety procedures
to the Quebec public health authority, the Cree Nation Government of
Eeyou Istchee, and the Cree First Nation of Waswanipi and received
approval to resume exploration at the Moroy project.
The project is located 30 kilometres southwest from the Cree First
Nation of Waswanipi.
As a result of the approval, the Company now plans to resume the bulk-
sampling program at Moroy.
Bulk Sampling Update
The bulk-sampling program at the Moroy project was initiated with the
objective to verify the grade continuity in the mineral structure, and
to reconcile between the resource grade of a specific area and the
resulting mined grade at the mill.
The bulk-sampling is focused on the M1 shear on level 11, 440 metres
below surface.
The plan is to access the area through a track haulage drift from the
Bachelor shaft located 900 metres north of Moroy.
The M1 structure has a narrow subvertical configuration that the
Company plans to mine using a long-hole-drilling mining method from
sub-levels at 15-metre intervals.
In December 2019, the Ministry of Natural Resource issued the
authorisation to extract 5,000 tonnes of mineralized material.
The Company began the sampling program in January with longhole
drilling.
The sector was drilled off when the Company put all activity on hold in
March as a result of Covid-19.
The blasting operations are planned to start in July, with the material
hauled on level 11 to the material handling facilities at the Bachelor
shaft.
Once on surface, the mineralized material will be processed on site at
the Bachelor mill under the monitoring of a third party engineering
firm.
The results of the bulk-sampling program will be published shortly
after completion.
The bulk-sampling is expected to be completed in Q3.
Exploration Drilling Activities – Winter 2020
Bonterra completed a combined total of 34,558 meters of drilling from
twelve drill rigs during winter 2020 on its Gladiator, Barry and Moroy
projects (See Table:
Bonterra Project Drilling Metres – Winter 2020). On March 17, 2020,
Bonterra suspended drilling on all of the projects and placed the three
camps on care and maintenance due to the Covid-19 global pandemic.
Drilling activities on the lake ice at Barry and Gladiator were
partially restricted due to a mild winter resulting in a later program
start and ended abruptly due to the pandemic, falling short of the
planned 80,000 metres.
Some drilling results remain pending where sampling and assaying was
slowed due to Covid-19.
Now that health protocols are in place, the Bachelor assay lab is
running normally.
The assay lab is currently focusing on the backlog from this winter and
is expected to be caught up by the end of July.
Open the PDF to view the tables and graphs.
Corporate Changes
As previously announced on April 21, 2020, Greg Gibson resigned as CEO
of Bonterra effective today.
While the Company continues its search for a permanent CEO, in the
interim it has promoted Pascal Hamelin, VP, Operations to Interim CEO.
The Board of Directors will continue its efforts in recruiting a new
President and CEO who will lead the Company into the next phase of
growth.
The Board of Directors would like to thank Mr. Gibson for his
significant contributions to the Company and wish him success in his
future endeavours.
In addition, Mr. Jamie Lavigne, VP, Exploration, has resigned from the Company. Mr. Lavigne joined the Company on a consulting basis in the winter 2019 to assist with the completion of the mineral resource estimates on the Company’s projects. Mr. Marc Ducharme will now assume the leadership role in the Company’s exploration programs. Mr. Ducharme joined the Company in September 2019 as Principal Geologist. Mr. Ducharme has over 30 years of geological, exploration, and mining experience predominantly with gold mineralization in the Abitibi region of Quebec. Mr. Ducharme is credited with the discovery of the Kiena Deep orebody deposit in 2016, which is currently being prepared for mining by Wesdome Gold Mines Ltd. at their Kiena Mine in Val-d’Or.
Pascal Hamelin, Interim CEO and VP, Operations commented: “Bonterra has undergone significant changes recently and will continue to make changes where appropriate to maximize value for its shareholders. The Company thanks Greg and Jamie for their efforts and achievements while at Bonterra and looks forward to Marc taking a leadership role in the continued development of the Company’s assets.”
Qualified Person
Pascal Hamelin, P.Eng. has approved the information contained in this release. Mr. Hamelin, Bonterra’s VP Operations, is a Qualified Person as defined by National Instrument 43-101 –Standards of Disclosure for Mineral Projects (“NI 43-101”).
FOR ADDITIONAL INFORMATION:
Investor relations: Pascal Hamelin
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website:
http://www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.
https://btrgold.com/2020/06/30/bonterra-provides-a-corporate-update/
News: $BONXF Bonterra Provides a Corporate Update
Val-d'Or, Quebec--(Newsfile Corp. - June 30, 2020) - Bonterra Resources Inc. ( TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2 ) (the " Company " or " Bonterra ") is pleased to provide a corporate update including the status of the bulk sampling program at Moroy. On March 17, 2020, Bonterra announce...
Got this from BONXF - Bonterra Provides a Corporate Update
Bonterra Intersects 18.26 g/t Au Over 1.7 metres at Gladiator
V.BTR | 10 days ago
Val-d'Or, Quebec--(Newsfile Corp. - April 2, 2020) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") announces the results of assays received from recently completed drilling at the Gladiator deposit. Results include the intersection of 18.26 grams per tonne ("g/t") Au over an intersection length of 1.7 metres ("m").
Bonterra had planned an aggressive winter drill program at Gladiator consisting of 12,000 to 15,000 m. The focus was zone delineation and infill drilling aimed at increasing indicated resources and to support planning for future underground exploration.
The start of the drill program was delayed due to warm winter temperatures and heavy snowfall which slowed ice-making on Barry Lake. Required ice levels were not achieved and drilling was limited to near the shore where Barry Lake was frozen to the bottom.
Due to the Covid-19 outbreak, the Company terminated the drill program earlier than planned. A total of 2,572 m of drilling was completed in 5 holes.
Two additional holes were only partially drilled and the Company is still awaiting these results.
Three primary zones of mineralization are interpreted at Gladiator; the North, Main, and Barbeau Zones.
The North and Main Zones are quartz vein mineralization hosted by steeply south-southeast dipping shear zones which have developed at the contacts of a gabbroic and felsic dykes with mafic and intermediate volcanic rocks (see cross section in Figure 1).
The Barbeau Zone consists of quartz vein mineralization hosted by a shear zone which dips moderately (55o to 65 o) to the north and is correlated with offset of the gabbroic and felsic dykes.
A number of less well-defined zones have been interpreted with orientations similar to the Barbeau Zone and similar to the North and Main Zones (Figure 1).
The 5 holes completed were drilled in a north-to-south direction and planned to intersect the North and Main Zones near surface and further downhole to intersect targeted north dipping zones.
Significant intercepts are presented in table 1 and illustrated on the accompanying cross sections.
Highlights of the drilling include an intersection of 11.5 g/t Au over 8.5 m (estimated true width of 3.8 m) on the North Zone and an intersection of 22.59 g/t Au over an intersection length of 1 m (estimated true width of 0.5 m) on the Main Zone. The north dipping zones were intersected at a more favourable angle and highlights include 18.26 g/t Au over an intersection length of 1.7 m and 19.37 g/t Au over an intersection length of 1 m.
Greg Gibson, President and CEO of the Company commented "We are pleased with these early, albeit limited, results. In particular, the results on the newly interpreted North Zone support the interpretation of geological continuity and demonstrate the potential to add significant near surface ounces to the Gladiator resource. Also, of particular significance is the prediction and intersection of significant mineralization in the newly interpreted north dipping zones. We hope to resume the Gladiator drilling from a barge after spring break up and when current restrictions due to the Covid-19 virus have been lifted."
Analyses and QAQC
Gold analyses of Gladiator drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified |Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d'Or.
Boris Artinian, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Gladiator project. Mr. Artinian is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.
Table 1: Significant intersection
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Cannot view this image [Table 1]? Visit:
https://orders.newsfilecorp.com/files/1528/54074_table1.jpg
Notes:
1) North Zone and Main Zone drilled at an oblique angle and true widths are 30% to 60% of intersection lengths.
2) True widths are 95% the intersection length for the north dipping (ND) zones
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_002.jpg
Vertical Cross Section
Looking West-Southwest
Figure 1
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-01
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-02 and 04
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-03
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-05
To view an enhanced version of this graphic, please visit:
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FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54074
newsfile corp. 2020
Newsfile Corp.
April 2, 2020 - 11:49 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc
by Belek
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Bonterra Intersects 18.26 g/t Au Over 1.7 metres at Gladiator
V.BTR | 10 days ago
Val-d'Or, Quebec--(Newsfile Corp. - April 2, 2020) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") announces the results of assays received from recently completed drilling at the Gladiator deposit. Results include the intersection of 18.26 grams per tonne ("g/t") Au over an intersection length of 1.7 metres ("m").
Bonterra had planned an aggressive winter drill program at Gladiator consisting of 12,000 to 15,000 m. The focus was zone delineation and infill drilling aimed at increasing indicated resources and to support planning for future underground exploration.
The start of the drill program was delayed due to warm winter temperatures and heavy snowfall which slowed ice-making on Barry Lake. Required ice levels were not achieved and drilling was limited to near the shore where Barry Lake was frozen to the bottom.
Due to the Covid-19 outbreak, the Company terminated the drill program earlier than planned. A total of 2,572 m of drilling was completed in 5 holes.
Two additional holes were only partially drilled and the Company is still awaiting these results.
Three primary zones of mineralization are interpreted at Gladiator; the North, Main, and Barbeau Zones.
The North and Main Zones are quartz vein mineralization hosted by steeply south-southeast dipping shear zones which have developed at the contacts of a gabbroic and felsic dykes with mafic and intermediate volcanic rocks (see cross section in Figure 1).
The Barbeau Zone consists of quartz vein mineralization hosted by a shear zone which dips moderately (55o to 65 o) to the north and is correlated with offset of the gabbroic and felsic dykes.
A number of less well-defined zones have been interpreted with orientations similar to the Barbeau Zone and similar to the North and Main Zones (Figure 1).
The 5 holes completed were drilled in a north-to-south direction and planned to intersect the North and Main Zones near surface and further downhole to intersect targeted north dipping zones.
Significant intercepts are presented in table 1 and illustrated on the accompanying cross sections.
Highlights of the drilling include an intersection of 11.5 g/t Au over 8.5 m (estimated true width of 3.8 m) on the North Zone and an intersection of 22.59 g/t Au over an intersection length of 1 m (estimated true width of 0.5 m) on the Main Zone. The north dipping zones were intersected at a more favourable angle and highlights include 18.26 g/t Au over an intersection length of 1.7 m and 19.37 g/t Au over an intersection length of 1 m.
Greg Gibson, President and CEO of the Company commented "We are pleased with these early, albeit limited, results. In particular, the results on the newly interpreted North Zone support the interpretation of geological continuity and demonstrate the potential to add significant near surface ounces to the Gladiator resource. Also, of particular significance is the prediction and intersection of significant mineralization in the newly interpreted north dipping zones. We hope to resume the Gladiator drilling from a barge after spring break up and when current restrictions due to the Covid-19 virus have been lifted."
Analyses and QAQC
Gold analyses of Gladiator drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified |Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d'Or.
Boris Artinian, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Gladiator project. Mr. Artinian is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.
Table 1: Significant intersection
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1528/54074_table1.jpg
Cannot view this image [Table 1]? Visit:
https://orders.newsfilecorp.com/files/1528/54074_table1.jpg
Notes:
1) North Zone and Main Zone drilled at an oblique angle and true widths are 30% to 60% of intersection lengths.
2) True widths are 95% the intersection length for the north dipping (ND) zones
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_002.jpg
Vertical Cross Section
Looking West-Southwest
Figure 1
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Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_003.jpg
Vertical Cross Section
Looking West-Southwest
DDH BA-20-01
To view an enhanced version of this graphic, please visit:
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-02 and 04
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-03
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-05
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_006full.jpg
FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54074
newsfile corp. 2020
Newsfile Corp.
April 2, 2020 - 11:49 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
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added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc
by Belek
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Bonterra Resources Announces $5 million Private Placement of Flow-Through Shares -
BonTerra Resources I (BTR)
1.94 ? 0.08 (+4.30% )
Volume: 57,032 @12/20/19 3:46:42 PM EST
Something big is brewing in the gold market…
2020 FINANCIAL CRISIS | Has it started? The $500 Billion Dollar Question
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News: $BONXF Bonterra Resources Announces Closing of $5.3 Million Flow-Through Private Placement
Val, D'or, Quebec--(Newsfile Corp. - December 13, 2019) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce that it has closed the previously announced private placement for gross proceeds of $5,292,898.50 (the " Offeri...
Find out more BONXF - Bonterra Resources Announces Closing of $5.3 Million Flow-Through Private Placement
Bonterra Resources Announces $5 million Private Placement of Flow-Through Shares
V.BTR | 8 days ago
Val-d'Or, Quebec--(Newsfile Corp. - November 19, 2019) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP to act as lead agent (the "Lead Agent"), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the "Agents"), in connection with a "best efforts" private placement to raise gross proceeds of up to $5,003,100 (the "Offering").
The Offering will consist of a combination of, (i) up to 1,334,000 common shares of the Company issued on a flow-through basis at a price of $2.25 per common share (the "FT Shares") for gross proceeds of up to $3,001,500, and (b) up to 834,000 common shares of the Company issued on a flow-through basis at a price of $2.40 per common share (the "Quebec FT Shares") for gross proceeds of up to $2,001,600. Collectively the FT Shares and Quebec FT Shares shall be collectively referred to as the "Offered Securities".
In addition, the Company has granted the Agents an option to increase the size of Offering by up to an additional C$1,000,000, exercisable at any time up to three business days prior to the closing of the Offering, on the same terms and conditions under the Offering.
In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds of the Offering.
The gross proceeds from the issuance of the Offered Securities will be used for Canadian exploration expenses and will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) (the "Qualifying Expenditures"), the Quebec FT Shares will also qualify under section 359.1 of the Taxation Act (Quebec), which will be renounced to the subscribers with an effective date no later than December 31, 2019 to the initial purchasers of the Offered Securities in an aggregate amount not less than the gross proceeds raised from the issue of the Offered Securities, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will indemnify each Offered Security subscriber for any additional taxes payable by such subscriber as a result of the Corporation's failure to renounce the Qualifying Expenditures as agreed.
The securities to be issued under the Offering will be subject to a hold period of four months and one day from the date of issue in accordance with applicable securities laws. The Offering is subject to approval of the TSX Venture Exchange.
The Offering is currently expected to close on or about December 12, 2019 or such other date or dates as the Company and the Lead Agent may agree.
FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
819-825-8678 ext. 250 | ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.btrgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the Offered Securities, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
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November 19, 2019 - 12:26 PM PST
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INDUSTRIAL METALS & MINERALS
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Read more at https://stockhouse.com/news/press-releases/2019/11/19/bonterra-resources-announces-5-million-private-placement-of-flow-through-shares#vVH5u1TSWkg167Cy.99
JefftDecker welcome to Bonterra Resources Inc. (BONXF) -
well, I see BONXF as a great gold producer bargain and
I paid a higher price for them -
and Kirkland Lake gold also paid a
higher price -
ex....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150699474
NR NEW PRESENTATION
Here is the Sept version of the presentation.
http://btrgold.com/wp-content/uploads/2019/09/BTR-Corporate-Presentation-2019-09.pdf
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added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc
by Belek
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
shall i pick up some here
thanks
Bonterra Resources discovers new gold mineralization zone at Moroy Project in Quebec
The junior explorer said that it had recently completed diamond drill hole intercepts in the new zone, referred to as the M4 Zone
BonTerra Resources Inc - Bonterra Resources discovers new zone of gold mineralization at the Moroy Project in Quebec
Mineralization at Moroy consists of quartz veins with minor pyrite hosted by hematite, sericite, quartz, and pyrite-altered volcanic rocks
Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) announced Thursday the discovery of a new zone of gold mineralization at the Moroy Project in Quebec.
In a statement, the junior explorer said that it had recently completed diamond drill hole intercepts in the new zone, referred to as the M4 Zone.
Bonterra said the highlights of the drilling include:
18.09 grams per tonne gold over 3.6 metres in hole MY19-158
18.39 grams per tonne gold over 2.94 metres in hole MY19-161
11.09 grams per tonne gold over 11.41 metres in holes MY19-166
READ: Bonterra Resources raises C$32 million to bolster Quebec projects
The Moroy deposit is located on the company's 125-square kilometer Bachelor Lake Property, about 225 kilometres northeast of Val-d'Or and located south of the Bachelor Mine.
Mineralization at Moroy consists of quartz veins with minor pyrite hosted by hematite, sericite, quartz, and pyrite altered volcanic rocks, Bonterra said.
Mineralization previously delineated at Moroy, and included in the company's Mineral Resource Estimate as of May, consists dominantly of a westerly striking and steeply north dipping (approximately 60-80 degrees) vein system.
In contrast, the M4 Zone dips shallowly, approximately 20-30 degrees to the north-northwest. The delineation of the M4 Zone represents a newly recognized orientation for mineralization at Moroy.
"We are thrilled with our drilling results to date, especially the discovery of high-grade gold within the Moroy project at our M4 target area,” said CEO Greg Gibson. “These results demonstrate the tremendous prospectivity of the company's district scale holdings."
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham
NR NEW PRESENTATION
Here is the Sept version of the presentation.
http://btrgold.com/wp-content/uploads/2019/09/BTR-Corporate-Presentation-2019-09.pdf
----
added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc
by Belek
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
BONXF
added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc