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Bonterra Resources Inc. V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources (BTR:V; BONXF: OTCQX) Is a gold exploration company focused on adding ounces to the world-class Abitibi Gold Belt in Quebec and Ontario, located in the most active exploration region in Canada with year round access.


TSXV:BTR - Post by User

Comment by fruitvale3067on May 30, 2023 8:42am
44 Views
Post# 35469923

RE:Bonterra Intersects 8.2 g/t Au over 8.2 m

RE:Bonterra Intersects 8.2 g/t Au over 8.2 mWell more drill results. Good news is a couple decent hits. Bad news is these are previously drilled areas. Plus the best hits are only 50-70% of true width. Call it 60% on average. So that 8.2 meter hit is actually more like 4.5 meters.

Other interesting news from thie release. They are scraping thru the plant to try and recover more gold. Which means the chance of a buyout near term is not in the cards. Also. The chance of a financing doesn't look that good either. Maybe the Board of Directors (who all got raises last year) can take pay cuts to help this company get thru these hard times. 

As I said, it's looking more like Osisko and Goldfields are going to get this for pennies when the funds finally run out. 
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