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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
Comment by tomgraniteon Jan 23, 2019 7:55pm
69 Views
Post# 29273398

RE:tsoprano24 wrote

RE:tsoprano24 wroteThe NR from a couple of days ago states that the mill is on 'care and repair''. They also state that they intend to go in to production ''simultaneously'' with the 3 deposits, so that means late 2020.

Their plans and focus have changed. I think that all they will do in 2019 is drill and update the RE. I also think they have sufficient funding to do this, so no more PPs for the time being. They will probably be taken over before they get in to production, so why spend $17mil on upgrading the mill for someone else's benefit.
Bullboard Posts