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BonTerra Resources Inc

Bonterra Resources eyeing resource estimate for all Urban Barry exploration assets

The company hit 12.4 g/t gold over 5.3 metres from its recently discovered Titan Extension

Bonterra worker
Bonterra's focus is on the Urban Barry exploration assets in Canada

Bonterra Resources Inc (CVE:BTR) told investors it will put out a company-wide NI 43-101 mineral resource estimate for all its Urban Barry exploration assets in Canada, including the Gladiator, Barry and Moroy deposits, as it gave further drill assays.

The company hit 12.4 grams per tonne (g/t) gold over 5.3 metres from its recently discovered Titan Extension of the Gladiator deposit, it said in a corporate update.

READ THE BIG PICTURE: Bonterra Resources is rapidly advancing an attractive-looking gold portfolio in Québec

The resource estimate is part of Bonterra's strategy to fast track the development of these three deposits simultaneously, to optimize feed to the Urban Barry Mill.

Thus, the Vancouver-based firm's mining operations in Quebec will be placed on care and maintenance.

Drilling this year at Gladiator will be focused on resource expansion along strike and at depth as well as infilling high-grade chutes of the main deposit below 400m depth to further prove the continuity of these new zones, the firm said.

Bonterra said these new extensions at Gladiator should be incorporated into the resource as much as possible, given that it has only recently gained full access to drill these areas via the Duke option.

"Bonterra is actively working with its independent resource consultants to best utilize the early 2019 drill programs for increasing indicated vs inferred mineral resources which are required for potential economic, feasibility and mine planning studies," the company said in a statement, adding it was looking forward to a productive and successful 2019.

Quick facts: BonTerra Resources Inc

Price: $2.54

Market: TSX-V
Market Cap: $190.06 m
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