Bonterra Resources at Barry, surge 12% as gold smashed
What will Metanor's anomolies at Barry reveal ........
| Last Trade: | 0.31 |
| Trade Time: | Sep 23 |
| Change: | 0.04 (12.96%) |
| Prev Close: | 0.27 |
| Open: | 0.28 |
| Bid: | 0.30 |
| Ask: | 0.31 |
| 1y Target Est: | N/A |
| Day's Range: | 0.26 - 0.32 |
| 52wk Range: | 0.01 - 0.55 |
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| Market Cap: | 19.47M |
BTR.V will also turn its attention to creating a first resource calculation on the Eastern Extension deposit, expected by year end; Mining MarketWatch Journal projects a possible 1/2 million+ ounces inferred. With further drilling geologists believe the project is a readily achievable 2+ million ounce gold target. BTR.V is looking to trace high-grade gold shoots to 600 vertical meters and increase the size of the property up dip, down dip and in new parallel mineralized corridors. BonTerra's neighbors Metanor Resources (Barry deposit) and Eagle-Hill (Windfall deposit) are all part of the same geological system
BonTerra Resources
Inc. (TSX-V: BTR)
(US Listing: BNEFF)
(Frankfurt: 9BR) is
tracking and
expanding
mineralized gold
zones at its flagship
Eastern Extension
gold property in
Quebec and is ripe
for continued high
grade discovery of significance. BTR.V continues to
encounter quality intercepts, successfully hitting on
every drill hole to date, encountering high-grade 600m
vertical gold shoots with veins assaying up to 129 g/t
gold and building sizeable tonnage along increasing
strike. The gold bearing rock is characterized by often
visible gold with some samples containing over 100
grains. With nearly 24,000m drilled to date on the
property, 107 diamond drill holes, the mineralized strike
length of the Eastern Extension gold deposit sits at ~1/2
km and there is clear potential to double the strike to
1km with the upcoming Q4 2011 drill program. The
winter drill program will target gold mineralization to the
southwest under the shallow (~8 feet deep) lake via ice
drilling where the geophysics strongly suggest and
recent drilling indicate the gold trend to be headed. The
magnetic high anomaly (which guided the successful
summer drill program) grows stronger and is largest
under the lake. Former prospectors on the property had
always said "the mine is under the lake" but never tested
it.