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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

Comment by fruitvale3067on Sep 14, 2021 9:01pm
47 Views
Post# 33859711

RE:RE:RE:osisko hit's high grade again on second discovery

RE:RE:RE:osisko hit's high grade again on second discoveryIdle you are correct narrow vein mining can be profitable. Gran Columbia is a great example. Metanor proved for 6 years they couldn't do it with either Barry or Bachelor Lake. Those 2 names sound familar? Yes the POG is higher, which makes those deposits only slightly profitable now. The real question is can they be profitable enough to run self sustaining operations which includes continous drilling without doing repeated financings. If they do get to producing 100K a year ounces like stupid says can they drill enough to replace those ounces to keep operations going. Metanor couldn't and they were only producing 30,000 ounces a year and had Bachelor Lake and Barry to draw from. In the end they never did mine anything from Barry. 
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