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Bonterra outlines resources at Gladiator, Barry, Moroy gold deposits in Quebec

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Bonterra outlines resources at Gladiator, Barry, Moroy gold deposits in Quebec

Bonterra Resources Inc. estimated National Instrument 43-101-compliant mineral resources at its Gladiator and Barry gold deposits at the Urban-Barry property and the Moroy gold deposit at the Bachelor property in Quebec.

The deposits host a total measured resource of 302,005 tonnes at 5.66 g/t gold containing 55,000 ounces and an indicated resource of 3.1 million tonnes at 6.33 g/t gold containing 643,000 ounces.

The total inferred resource is 6.2 Mt at 7.04 g/t gold containing over 1.4 million ounces, according to a May 28 release.

The estimates for the Gladiator and Barry deposits are reported at a 3.5 g/t gold cutoff and for the Moroy deposit at a 3.0 g/t gold cutoff.

The company noted that it has five drills operating on the Bachelor and Urban-Barry properties, which are testing resource expansion and early-stage exploration targets.

In mid-March, Bonterra raised about C$36.7 million to fund the exploration of its properties and for general working capital.