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
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."
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