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Bonterra Resources discovers new gold mineralization zone at

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NYBob Member Level  Thursday, 10/17/19 12:08:47 PM
Re: bigone post# 183
Post # of 187 
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


My opinions are my own and and DD I post should be confirmed as unbiased
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