(Urban-Barry Regional Geology - Panache South map via Bonterra Resources Inc. Click to enlarge.)
A Canadian gold exploration company provided investors with early exploration results from its regional drilling campaign.
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, Forum) declared this week that the recent drilling results on the Panache South property located in the Urban-Barry township confirms the existence of multiple high-grade gold mineralized veins with visible gold observed in hole UB-21-24 returning 23.1 g/t Au over 2.3 metres, and 30.6 g/t over 1.5 metres.
Highlights:
- Hole UB-21-24: 23.1 g/t Au over 2.3 m, including 62.3 g/t Au over 0.8 m and 30.6 g/t Au over 1.5 m, including 91.4 g/t Au over 0.5 m (visible gold observed)
- Hole UB-21-26: 5.5 g/t Au over 1.5 m, including 16.2 g/t Au over 0.5 m
In
a media release detailing these results, Bonterra Resources’ Chief Executive Officer, Marc-Andre Pelletier commented that these high-grade drilling results, in combination with the historical results, demonstrate the potential of the Panache South property located in the prolific Urban-Barry camp.
“To date, the exploration program at Panache South has delineated multiple high-grade mineralized veins along three kilometers strike length. Bonterra intends to continue its regional exploration program in the Urban-Barry camp in 2022 with the objective to discover new mineralization zones in addition to resource expansion and definition drilling at its more advanced deposits.'”
The recent exploration drilling targeted the expansion of existing gold mineralization interpreted to trend east-northeast to east-west from the historical drilling. Panache South historic values include 12.9 g/t Au over 0.5 metre and 3.16 g/t Au over 0.4 metre. A system consisting of several sub-parallel mineralized veins was identified along a span of approximately three kilometres (See map below).
Bonterra has drilled eight holes representing a total of 4,683 metres at the Panache South property since September 2021. So far, partial assay results from four drill holes have been received.
(Panache South Drill Hole Location Map via Bonterra Resources Inc. Click to enlarge.)
Bonterra Resources Inc. has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category.