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Bonterra Resources: Developing Quebec's Next Gold Camp
Released on Wednesday, April 21, 2021•ALTERNATIVE INVESTMENTS
Bonterra Resources is currently focused on a fully funded exploration campaign involving eight diamond drill rigs across three main projects. The nearly completed phase I drill campaign is designed to expand the known 2.1-million-ounce resource of gold (all categories). The company plans to use 130,000 metres of drilling to update the resource this summer of 2021 and an economic study in the fall of 2021. Importantly, Bonterra Resources has a permitted mill that can be used to anchor the potential restart. In addition, the company is two-thirds the way through the permitting process to expand the mill to 2,400 tpd. Strategically, several other significant gold discoveries in the region become captive to the company's central processing facility.
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