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Bonterra Resources extends mineralization at M1 zone at the Moroy gold deposit

It has ground covering nearly 21,000 hectares and its assets include the high-grade Gladiator, Barry and Moroy gold deposits

Bonterra Resources Inc. - Bonterra Resources extends mineralization at M1 zone at the Moroy gold deposit
The focus at Moroy has been on extending the M1 zone up-plunge using a drill from surface and down-plunge, using an underground rig

Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) unveiled encouraging drill results from its Moroy project in Quebec, where it has significantly extended mineralization at the M1 zone. 

Bonterra has ground amounting to nearly 21,000 hectares and its assets include the high-grade Gladiator, Barry and Moroy gold deposits.

It also has the Urban-Barry mill and multiple highly prospective exploration prospects.

The focus of the drilling at Moroy has been on extending the M1 zone up-plunge using a drill from surface and down-plunge, using an underground rig, the company said. 

READ: Bonterra Resources happy to see drills turning on its Quebec gold projects

Highlights of the latest drill results include an intersection of 15.27 grams per tonne (g/t) gold over 3.39 metres (m) in an up-plunge position and 8.14 g/t of the precious metal over 3.61 m extending mineralization down plunge, it added.

"The new drill intercepts indicate a significant extension of the M1 Zone and, combined with re-interpretation of the existing drilling, supports a zone of demonstrated continuity beyond the limits used for the current resource estimate," said Bonterra.

"We are continuing to advance Moroy towards inclusion in a mine plan and we continue to execute our strategy of advancing resources in other targets at Moroy and our other assets, Barry and Gladiator, to support a long term mine life," said Greg Gibson, the CEO of Bonterra.

Bonterra is currently completing a bulk sample on the 11th Level in the M1 zone.

On Monday this week, Bonterra said its winter drill program was now in full swing, with rigs spinning at the Gladiator, Barry and Moroy projects in Quebec.

It added that a bulk sample being tested from Moroy is returning “better than expected” grades from production hole sludge samples.

Drills at both the Gladiator and Barry projects are fully staffed and running at 100% capacity, the company also told investors.

Contact the author at giles@proactiveinvestors.com

Quick facts: Bonterra Resources Inc.

Price: 0.97 CAD

TSX-V:BTR
Market: TSX-V
Market Cap: $75.18 m
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