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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

Post by idlefreebirdon Dec 04, 2022 7:51am
239 Views
Post# 35149244

Bontera's plan is to drill Barry for 2023

Bontera's plan is to drill Barry for 2023with new resource update coming end of 2023...this is mostly infill drilling therefore not looking for major increase in ounces but making a solid foundation..MAP states hoping for a 4.5 to 5 gpt resource or mining grade and to mine at 1,000 to 1,200 tpd for as he states a production of 50 to 60,000 ounces a year...now they will be raising cash even though they do have 10 million on hand but what would benefit them and  Osisko would be to get a toll milling agreement in place for the next year to  two years before Bontera is ready to produce and Osisko has there mill in place a win win for both companies ...the positive is inflation should come down in a year or two before all work is required for both mills..glta
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