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Bonterra Resources unveils promising drill results from Gladiator project in Quebec

The exploration company reported the extension of gold-bearing mineralized deposits

Bonterra camp
Bonterra controls three high-grade gold deposits named Gladiator, Barry and Moroy and also has significant regional targets

Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) announced Thursday promising results from diamond drilling at its Gladiator Deposit in Quebec.

The exploration company reported in a statement the extension of gold-bearing mineralized deposits. The results included the intersection of 14.6 grams of gold per tonne over 4.6 meters and 37.6 grams of gold per tonne over 1.7 meters, according to Bonterra.

"These drill results continue to demonstrate the potential for strike extensions on the multiple gold-mineralized zones that make up the Gladiator deposit, which we anticipate will translate into additional ounces," said interim CEO Greg Gibson. "This new drilling data on the Gladiator deposit will be included in the upcoming property-wide resource estimate."

READ: Gold explorer Bonterra names Air Creebec President Matthew Happyjack to board

Bonterra reported at its Barbeau zone, current drilling has extended the zone by 250 metres, with highlights including 14.6 grams of gold per tonne over 4.6 meters at one hole. At its Rivage 2 zone, located north of the Gladiator deposit, drill hole BA-19-28 returned 37.6 grams of gold per tonne over 1.7 meters.

At its South zone, located in the heart of the Gladiator deposit, highlights included 17.7 grams of gold per tonne over 2.0 meters.

"Attesting to the company's geological modeling and continuity of the mineralized zones, this drill hole was expected to intersect the South zone prior to reaching the Barbeau zone. Additional results are provided in the drilling highlights table below.

Bonterra is a gold exploration company with assets in the Archean greenstone belts in the Canadian Shield. It controls three high-grade gold deposits named Gladiator, Barry and Moroy and also has significant regional targets. 

It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.

Contact Katie Lewis at [email protected]

Quick facts: BonTerra Resources Inc

Price: 1.92 CAD

Market: TSX-V
Market Cap: $143.67 m

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