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Bonterra significantly increases resource estimates across deposits and sets stage for PEA

Jun 23, 2021

Bonterra Resources Inc. has announced updated mineral resource estimates for the Gladiator, Barry, and Moroy deposits, and Bachelor mine. The data was prepared by independent firm, SLR Consulting (Canada) Ltd. (“SLR”).  The 2021 MREs in this news release have been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014).
Following successful exploration and infill drilling programs, comprehensive mineralization modeling and higher gold prices, Bonterra is pleased to report an increase over the mineral resource estimates for the Gladiator, Barry and Moroy deposits prepared by SGS Canada Inc. (“SGS”) and dated July 11, 2019 (“2019 MREs”) of 78% and 27% in gold ounces (“oz”) for Measured and Indicated (“M&I”) and Inferred Mineral Resource categories, respectively.
The 2021 MREs benefited from nearly 130,000 metres (“m”) of drilling across the deposits since the 2019 MREs.  The average drilling discovery rate resulted in approximately 7.1 oz/m drilled across all the deposits in the last two years.  Bonterra plans to continue expansion drilling in the coming months on all deposits to support the Company’s growth strategy.

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