Continues To Progress PEA For Upcoming Release
Bonterra Resources Inc. (TSXV: BTR) an update on results from the ongoing drilling campaign at the Barry project in Quebec, Canada.
Recent drilling was designed to expand the Barry “H-Series” gold mineralised zones at depth. The latest drilling results encompass 11 expansion diamond drill holes (4,794m) including six drill holes that were deepened to test for potential extensions of “H-Series” subparallel zones.
CEO, Pascal Hamelin, said drilling was highlighted by a wide zone of mineralisation in drill hole MB-21-340 that intercepted 7.4 grams-per-tonne gold over 14.7 m.
The company is currently drilling at a rate of approximately 10,000 m per month and plans a mineral resource estimate update for Q2/21, which is expected to incorporate approximately 130,000 m of new drilling information.
In addition, work on a Preliminary Economic Assessment (PEA) is ongoing and is expected to be completed in the northern fall of 2021.
- 7.4 g/t Au over 14.7 m and 1.4 g/t Au over 6.8 m in hole MB-21-340
- 3.8 g/t Au over 6.8 m and 2.1 g/t Au over 6.6 m in hole MB-21-339
- 3.5 g/t Au over 6.3 m in hole MB-20-255
- 3.9 g/t Au over 2.7 m in hole MB-20-278
“The ongoing drilling results at Barry are very encouraging and support our view that tremendous exploration potential remains within the camp near existing infrastructure. Several historical intercepts suggest the potential for higher-grade material to the west and drill hole MB-21-340 is no exception,” Mr Hamelin said,
“There are currently two diamond drill rigs operating at Barry. Importantly, having several parallel gold-bearing structures allows for drilling to pierce several zones with each hole. The company continues to test extensions of the deposits at all three of the company’s flagship assets in preparation of the upcoming resource update expected in Q2/21.”
The company has drilled 70 holes and deepened six existing holes representing a total of 28,658 m at Barry since July 23, 2020. Results from eight drill holes have been received since the press release dated March 1, 2021. Results from the remaining three holes are still pending.
The Barry gold deposit is characterised as multiple sub-parallel, sub-vertical, shear zones and a second set of subparallel “H-Series” veins dipping 50 to 60 degrees to the south hosted within intermediate to mafic volcanics and tuffs with local felsic intrusions.
Gold mineralisation consists of disseminated sulphides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over 1.4 kilometres along strike and 600 m vertical and remains open for expansion.
Due to an accumulated backlog at the company’s laboratory, assaying priority has been assigned to drill hole samples directly affected within the 2021 Resource Update.
Six existing drill holes (MB-18-189, MB-18-191, MB-18-198, MB-20-246, MB-20-255 and MB-20-278) were deepened and five new holes (MB-21-336 to 340) targeted the expansion of key areas confirming mineral continuity within the inferred resource from the 2019 Barry mineral resource estimate. Drilling results confirm the expansion of multiple “H-Series” subparallel zones open at depth in the central and west areas of the Barry deposit.
The following holes have returned significant grades in this sector; MB-20-255: 3.5 g/t Au over 6.3 m in the H15 Zone; MB-20-278: 3.9 g/t Au over 2.7 m in the H15 Zone; MB-21-339: 3.8 g/t Au over 6.8 m in the H12 zone and 2.1 g/t Au over 6.6 m in the H15 zone; MB-21-340: 7.4 g/t Au over 14.7 m in the H8 Zone and 1.4 g/t Au over 6.8 m in the H15 Zone. Hole MB-21-336 intersected the 1000 zone returning 2.0 g/t Au over 2.0 m confirming that mineralisation along this Barry zone remains open towards the east and at depth.