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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 tanninon Sep 27, 2023 12:19am
94 Views
Post# 35656156

RE:RE:RE:RE:Bachelor Mill not mentioned

RE:RE:RE:RE:Bachelor Mill not mentionedFruits, you've been right on the money with btr.......
It's been a fricken disaster.
This deal does bail btr out for the time being, and suggest strongly another buy out down the line, for the remaining 30% of Gladiator and whatever else the 30 million finds.
BTR's 100% holding of the batchelor mill, and the batchelor/demaraisville properties has value; will OSK choose/need to use that mill if their own is delayed, or for overflow ?
Imo OSK wants the availability of btr mill and tailings facility, especially if/as/when expansion permit comes through, and will, down the line, buy it.
BTR meanwhile has reported a near surface find close by..... where will that go etc.
So I'm saying this is the first of probably 3 deals through which osk takes over btr......
Did osk make a total take over offer, did btr decline....save face, keep paycheques etc.....just wondering......




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