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BonTerra Resources Inc V.BTR

Alternate Symbol(s):  BONXF

Bonterra Resources Inc. is a Canada-based gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company is engaged in the business of acquiring, exploring, and evaluating natural resource properties in the province of Quebec. The Company’s assets include Gladiator, Barry, Moroy, and Bachelor. The Company holds a 100% interest in 436 mineral claims covering 22,779.32 hectares surrounding the town of Desmaraisville. The Bachelor Mine is located on one mining concession, and one mining lease, four kilometers (km) south of Highway 113 and 90 km northeast of the city of Lebel-sur-Quevillon. The Company holds a 100% interest in 21 mineral claims in the city of Val-d’Or in Quebec covering 457.53 hectares. The Company holds a 90% interest in two mining leases north of the town of Skead within the city of Greater Sudbury in Ontario. The two mining leases cover an area of approximately 129.99 hectares.


TSXV:BTR - Post by User

Bullboard Posts
Post by oldman5on Apr 05, 2011 1:59pm
456 Views
Post# 18388268

Takeover

TakeoverLike all junior miner the goal is to prove up a property and then be taken over by a major. BTR needs to drill more hole and establish the total lengh and width od the ore body and comlete a 43-101 so tha a feasibility study can be done on the economics of a mine are established. They have made a great start on this voyage and it is obvious that the company thinks that the best is yet to come with planned drilling throughout the summer. The next release of assays from the drilled holes [probably next week] should  give an ever better idea of what is in the ground. At this time this looks like a property with a lot of potential.
Bullboard Posts