Bonterra Resources Inc. (Bonterra) has announced the results of the recently completed NI 43-101 Mineral Resource Estimates for the Gladiator, Barry, and Moroy deposits located in the Urban-Barry Camp (Quebec).
Highlights of the Mineral Resource Estimates for Gladiator include:
- Indicated Resources of 743 000 t at an average grade of 8.46 g/t Au totalling 202 000 oz Au.
- Inferred resources of 3065 000 t at an average grade of 9.10 g/t Au totaling 897 000 oz Au.
The Mineral Resource Estimates for the Gladiator and Barry deposits are reported at a 3.5 g/t Au cut-off grade. The Mineral Resource Estimate for the Moroy deposit is reported at a 3.0 g/t cut-off grade. The Mineral Resource Estimates have been prepared by SGS Geological Services, Blainville, QC, and has been reviewed internally by the Corporation. The full technical report, which is being prepared in accordance with National Instrument 43-101 (NI-43-101), will be available on SEDAR (www.sedar.com) under the Corporation's issuer profile within 45 days. The effective date of the current mineral resource estimate is 24 May 2019.
Greg Gibson, Executive Chairman and Interim CEO of Bonterra commented: "We are pleased with the current mineral resource estimates on our three Urban-Barry gold deposits. The mineral resources delineated to date are a mere snapshot in time with further indications of continued expansion potential along strike and at depth for the three deposits."