Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) updated shareholders on its upcoming plans for its Quebec portfolio on Tuesday as the junior explorer looks to expand its resource base.
The Val d’Or, Quebec-based company said it had placed a “great deal of emphasis” on geological and geophysical interpretation of its Gladiator, Barry and Moroy deposits to support future resource conversion and expansion drilling.
An upcoming winter drill program will focus on resource expansion and follow up on historical drill intercepts from summer field work.
All told, the fall and winter program will include nearly 81,000 metres of drilling across the three deposits, the company told investors.
Bonterra CEO Greg Gibson said in a statement that despite a lack of news over the summer months, there had been an immense amount of work completed to better position the company going forward.
“Bonterra has a large and expanding project base that will help grow the company well into the future as well as providing important project diversity,” Gibson said.
In addition to the three main deposits, Bonterra has a selection of other highly prospective target areas within its land package that warrant exploration, the company told shareholders.
Gibson said that the company is looking at several options to unlock the potential value of the targets, including partnerships or joint ventures.
Last month the junior announced the discovery of a new zone of gold mineralization at Moroy, known as the M4 Zone.
Highlights of the drilling included 18.1 grams per ton (g/t) gold over 3.6 metres in hole MY19-158, 18.4 g/t gold over 2.9 metres in hole MY19-161 and 11.1 g/t gold over 11.4 metres in holes MY19-166.
Contact Angela at email@example.com
Follow her on Twitter @AHarmantas