Bonterra Resources unveils promising drilling results at its Gladiator gold project in Quebec

Bright news from Bonterra Resources Inc (CVE:BTR) today, after the junior explorer released encouraging drilling results at its Gladiator gold project in Quebec.

Highlights of the drill results included an intersection of 30.5 grams per ton (g/t) gold over 2.0 metres (m), the company said, which increases the down-plunge size of the south zone high-grade extent. 

“The resource development program continues to be extremely successful in terms of the extension of mineralized zones and in terms of demonstrating high grades throughout. Most significantly, however, is how well we have shown continuity downdip and along strike for all five of the primary zones to date,” said president and chief executive officer, Nav Dhaliwal.

“High grades that were encountered on both the west side of the deposit and the down plunge of the east side are obviously significant to the deposit as a whole.” 

WATCH: ‘Big year’ expected for Bonterra Resources, with exploration well funded through 2018

Other highlights included hole BA-18-43, which extends the north zone in the east side of the deposit with 11.4 g/t gold over 1.0m. The hole was drilled as a follow-up to BA-18-36, which intersected 8.4 g/t gold over 3.0m. This expands the north zone 150m east at approximately 500m below surface. 

Another hole intersected the north zone in the west end Rivage area, extended the depth of known mineralization to 300m below surface with 6.3 g/t gold over 1.0m.

Infill hole BA-18-39 intersected both the main zone with 19.8 g/t gold over 1.5m and the south zone with 30.5 g/t gold with 2.0m. The company said this increases its confidence of the high-grade shoots between 350m and 400m below surface.

Updated mineral resource estimate expected in Q4 2018

According to the company, drilling results in both the Rivage area and eastern part of the deposit continue to extend the deposit. 

Bonterra said it will continue its aggressive resource development program with five drills at the deposit focused on infill and step out drilling in preparation for the updated mineral resource estimate in the fourth quarter of 2018.

Shares of Bonterra Resources were up 1.23% at C$0.41 on Wednesday. 

Story by ProactiveInvestors