Bonterra Resources makes first gold sale from Bachelor Mill fire cleanup
Bonterra Resources Inc. says the Bachelor Mill cleanup process has recovered 630 ounces of gold to date generating revenue of CAN$1.6 million. Gold recovery efforts continue at the mill and the company expects additional revenue in the coming months.
Marc-André Pelletier, President and CEO commented: "I would like to thank Bonterra's employees that are diligently working on the Bachelor Mill cleanup, especially after being evacuated on more than one occasion this summer due to forest fires. The next gold shipment is expected in Q4, and when combined with the 630 ounces already sold, revenue from the mill cleanup is expected to offset the majority of the Company's exploration activities through the end of 2023. Importantly, the Company is currently working on an updated exploration program with the objective of testing the extension of mineral resources near the Barry, Gladiator and Bachelor deposits."
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator, Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and Indicated categories, and 1.78 million ounces in Inferred category. Importantly, the Company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.
Tags: Quebec / Operational Updates / Gold / All Articles