Val-d’Or, Quebec – Bonterra Resources Inc. announces the commencement of a diamond drilling program at its 100% owned Desmaraisville South project. The Company has identified several prospective geological, geophysical, and drill targets throughout the year, prioritizing them after last summer’s field work conducted by Bonterra’s geology team. A drill rig has been mobilized to the site, with plans to drill between 4,000 to 6,000 meters before the end of the year. For more information on exploration updates for the Desmaraisville North and South projects and the surrounding area, please refer to previous press releases.
Marc-André Pelletier, President and CEO, stated, “The start of exploration at our Desmaraisville South project follows the careful work of our geologists in designing an optimal drilling program aimed at promising areas. Our main objective for this campaign is to discover new mineralized lenses within 15 kilometers of the Bachelor Mill Complex. Additionally, the Company is considering updating the 2021 mineral resource estimate for the Barry and Gladiator deposits. This exploration effort coincides with a favorable increase in the price of gold, which was set at US$1,600 per ounce in the 2021 estimate.
In regards to the Phoenix JV, compilation work is ongoing following the completion of a 60,000 m drill campaign in July. Gold Fields is set to continue drilling activities later this year as the operator of the Phoenix JV.”
Qualified Person M. Donald Trudel, P.Geo. (OGQ # 813), Director Geology for the Company, oversees all exploration activities on the Desmaraisville Property and has approved the information in this press release in compliance with National Instrument 43-101.
Bonterra Resources Inc. is a Canadian gold exploration company with advanced exploration assets centered around a milling facility in Quebec, Canada. The Company’s assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits. In November 2023, Bonterra entered into an earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties. Furthermore, in August 2024, Gold Fields Limited announced the acquisition of Osisko Mining. Bonterra remains committed to advancing its exploration assets within a fast-growing and consolidating gold camp.
For additional information, contact Marc-André Pelletier, President & CEO, at ir@btrgold.com.
Caution regarding forward-looking statements: This press release contains forward-looking information based on Bonterra’s current expectations, estimates, forecasts, and projections. Actual results may vary due to various factors including but not limited to uncertainties related to exploration and development, difficulties in raising capital, changes in economic conditions, regulatory developments, technological challenges, and labor relations. Readers are advised to consider these factors carefully before placing undue reliance on the forward-looking information provided in this release.
