Start of Drill Results with 70 g/t Gold over 5.5 m
​Today, BonTerra Resources Inc. reported remarkable drill results from the eastern part of its fully owned Gladiator Gold Deposit in the north of the prolific Val d’Or Mining District in Québec, Canada. Rockstone has initiated coverage of this exciting gold junior, currently valued at $21 million CAD, as today’s drill results have significantly expanded the Gladiator Deposit at depth and along strike. In late 2015 and early 2016, the company made headlines when the deposit was extended along strike to the west with an extensive drill program which included high-grade gold intercepts over significant widths. During the last few months, BonTerra completed geophysics in the eastern part of the deposit and drilled an additional first 7 holes, which results have been disclosed today: Hole #39 discovered 70 g/t gold over 5.5 m at approximately 600 m below surface. Also of significance, 50 m deeper and 100 m east of hole #39, another hole (#38) intersected another high-grade gold zone with 12.4 g/t gold over 4 m, which indicates that both zones are connected and therefore represent a new zone likely to be connected to the Main Zone.
Bonterra Resources is a junior mineral exploration company engaged in the business of acquiring, exploring and evaluating natural resource properties. Co. is focusing its financial resources on conducting exploration programs. Co. has not yet determined whether this property contains reserves that are economically recoverable. The recoverability of amounts shown for resource property and related deferred exploration expenditures are dependent upon the discovery of economically recoverable reserves, confirmation of Co.'s interest in the underlying mineral claims, the ability of Co. to obtain necessary financing to complete the development of the resource property.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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