Quebec-focused gold explorer Bonterra Resources (TSXV: BTR; US-OTC: BONXF) announced the most recent results from the drill program at its Barry project, located within the Abitibi Greenstone Belt in the province.
The company resumed drilling operations at Barry in July, putting two drills into operation. One was on a barge at Lake Limpide, while the other was on dry land, and the combined exploration work since then has totalled 37 holes drilled, representing 13,002 metres of a planned 20,000-metre program.
Results from the first 12 holes include an intersect from hole MB-20-286 returning 3 metres of 34.5 grams gold per tonne from 333 metres. This was one of six infill-holes drilled as part of the exploration program. Two other highlights of the Barry infill-holes were hole MB-20-285, which cut 3 metres of 5.4 grams gold from 117 metres, and hole MB-20-284, with intersected 2 metres of 4.5 grams gold.
Four holes were also drilled from the barge on the Lake Limpide. One of these, hole MB-20-281 assayed 6.9 grams gold over 1 metre.
Pascal Hamelin, Bonterra’s interim chief executive and vice-president, described the results as “promising”.
“The western extension at Barry has been identified by Bonterra as a prospective area to confirm existing inferred resources and add new resources, and the results to date are confirming this view,” Hamelin stated in a statement.
The project, which is part of Bonterra’s overall regional assets that comprise over 380 sq. km, is a shear-hosted gold deposit with multiple parallel, sub-vertical, shear zones, and a second set of veins dipping 50 to 60 degrees to the south.
The deposit has been delineated over 1 km along strike and 600 metres vertical. Bonterra says the gold mineralization consists of disseminated sulfides within the shear zone and the veins with local visible gold.
At press time, Bonterra’s shares were trading at $1.02 within a 52-week range of 63¢ and $2.31. The company has 77.5 million common shares outstanding for a $79-million market capitalization.