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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 May 16, 2023 8:40pm
71 Views
Post# 35451488

RE:RE:RE:RE:RE:RE:Waiting Patiently!

RE:RE:RE:RE:RE:RE:Waiting Patiently!giveme,

Shrholders were told when MAP took over that he planned to turn this company around. However it would take some time. Since the mill and every deposit they were working on has stopped. Here's a list.

Bachelor Lake mill and tailings expansion - 2400 TPD mill expansion has been completely scrapped. The change to 1800 TPD looks like it required answers to more question by the regulating agencys. Timeframe to answer 3-6 months according to MAP.

Certified sample lab - Shut down and employees laid off.

Moss - Dead end no more drilling planned.
Moroy - To costly to mine, flooded nothing further planned.
Bachelor Lake main veins - See Moroy
Gladiator - No additional drilling planned, no permit for access ramp. 
Barry Underground - Completed some drilling and posted results. Nothing further planned.
Barry Open Pit - No additional things planned. 
Duke - 10 shallow drill holes completed and awating results.
Exploratory drilling - Some planned, we'll see if Q1 report shines any light. 

This is not going as the company has told shareholders in turning this thing around. in 2022 when most of this above occured MAP made $450K and the BOD got a raise. 

Your right givemeabreak1 it's appaling. 





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