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Bonterra Intersects 7.1 g/t Au over 7.6 m at Barry

Apr 11, 2022

Bonterra Resources Inc. has announced results from the ongoing drilling campaign at the Barry project.  Recent drilling results expand upon the northeast sector of the Barry deposit near surface and the southwest sector at depth.  The latest results obtained from 43 diamond drill holes are designed to increase the 2021 mineral resource estimate (“2021 MRE”) (see press release dated June 23, 2021).  Drilling highlights include 7.1 grams-per-ton gold (“g/t Au”) over 7.6 metres (“m”) in the near-surface zone AB08, approximately 200 m northeast of the previously released intercept 8.0 g/t Au over 7.6 m (see press release dated October 5, 2021).
The Company is currently drilling at a rate of approximately 7,500 m per month, focused mainly on expanding its Barry and Gladiator gold deposits highlighted within the recently released 2021 MREs.
Highlights include:

  • 7.1 g/t Au over 7.6 m, including 20.1 g/t Au over 1.4 m and 13.2 g/t Au over 1.4 m in hole MB-21-417
  • 1.3 g/t Au over 12.0 m, including 3.0 g/t Au over 4.8 m in hole MB-21-404
  • 2.3 g/t Au over 9.0 m, including 6.8 g/t Au over 2.6 m in hole MB-21-409
  • 17.4 g/t Au over 4.4 m, including 146.0 g/t Au over 0.5 m in hole MB-21-410
  • 10.8 g/t Au over 5.1 m, including 23.1 g/t Au over 1.4 m in hole MB-22-416
  • 12.1 g/t Au over 6.1 m, including 73.5 g/t Au over 0.5 m in hole MB-22-420

Marc André Pelletier, President and CEO commented: “These recent drill results confirm the extension of the mineralization near surface and at depth at Barry, extending the existing mineral resource by over 200 m to the northeast from the resource pit shell, and up to 50 m to the southwest of the underground resource.  The continuation of the H12 zone and the discovery of new H series at depth demonstrate the potential to add more ounces beyond the existing 2021 MRE.
Work is currently underway on a Preliminary Economic Assessment (“PEA”) based on the open pit resources at Barry in the 2021 MRE.  The PEA is projected to be completed in late Q2 2022 and is expected to demonstrate the potential for restarting mining operations in the near term. The Company will soon undertake infill and definition drilling on the underground portion of the deposit to better understand the potential of an underground mining scenario.  
At present, exploration activities at Barry include one drill rig drilling an additional 400 m to the northeast of the existing open pit resources and a second drill on regional exploration targets, approximately 5 kilometers to the northeast of the Barry deposit.
At the Bachelor Mine Complex, the permitting process for the mill and tailings management area expansion is ongoing, and the Company expects to provide additional information by mid-year with a COMEX permit expected by end of 2022 and provincial permits thereafter.”

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