Mining group Bonterra Resources Inc (CVE:BTR) has unveiled positive drilling results, which continue to show the potential to expand its Gladiator deposit in Quebec.
The firm is carrying out resource development work at the site in the Urban Barry camp ahead of a resource estimate.
READ: Bonterra Resources fast-tracking to become one of Canada’s next 200,000 ounce-per-year producers
Highlight intersections included 11.4 grams per tonne (g/t) gold over 2.5 metres north of the deposit.
Also found was an intersection of 7.3m (meters) at 13.7 g/t of the yellow metal.
Bonterra noted that exploration drilling was now focused on extending the deposit onto the Duke optioned property as the firm is now earning 70% of this ground from Osisko Mining (TSE:OSK).
Significantly, multiple new high-grade intersections have been uncovered north of the deposit, extending the width of the deposit up to 300m (meters) to the north.
Another hole hit multiple high-grade structures north of the deposit onto the Duke property, including 4.8 g/t gold over 3.8m.
This exploration hole discovered five distinct gold zones north of the Gladiator deposit.
A further hole intersected multiple new structures in the Rivage area, including 10.6 g/t gold over 1.4 m, extending mineralization more than 100m to the southwest.
Bonterra is consolidating its assets in the Urban-Barry greenstone area in Quebec in a bid to fast-track its exciting pipeline of assets towards 200,000 ounces of production a year.
PI Financial reckons the company is primed to be one of Canada's leading development stories.
In a note last month, it said the recent acquisition of Metanor Resources was advantageous, providing it with a permitted and scalable 800tpd (tonnes per day) mill, which is amenable to processing ore from the high-grade development projects of Gladiator, Barry and Moroy.
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