NYBob
3 years ago
$Bonterra intersects 11.3 g/t Au over 2.2 metres from the ongoing
expansion drilling campaign at Barry
https://btrgold.com/2021/08/16/bonterra-intersects-11-3-g-t-au-over-2-2-metres-from-the-ongoing-expansion-drilling-campaign-at-barry/
Val-d’Or, QC – August 16, 2021 –
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce the results from the ongoing drilling campaign at the Barry project. Recent drilling continues to expand the H series at depth in the SW sector and up-dip to the NW (Figure 1). The latest results encompass nine diamond drill holes designed to expand the 2021 mineral resource estimate (“MRE”) released in June (see press release dated June 23, 2021), and one hole (MB-21-353) that was included in the MRE. Drilling highlights include 11.3 grams-per-tonne gold (“g/t Au”) over 2.2 metres (“m”) in the H15 zone.
The Company is currently drilling at a rate of approximately 10,000 m per month at its three main gold deposits to expand upon the recently released MREs. In addition, work on the preliminary economic assessment (“PEA”), which would utilize the existing Bachelor Mill as a central processing facility is ongoing and is expected to be completed in Q4 2021.
Highlights include:
11.3 g/t Au over 2.2 m in hole MB-21-361
3.0 g/t Au over 7.0 m, including 6.5 g/t Au over 3.1 m in hole MB-21-353
3.0 g/t Au over 6.8 m, including 6.2 g/t Au over 2.0 m in hole MB-21-372
14.8 g/t over 0.4 m in hole MB-21-352
Pascal Hamelin, CEO commented: “Today’s drill results of the H series reinforce the expansion potential we see across the entire Barry project. More assay results are expected from Barry in the coming months as a backlog of pending results are returned from the laboratory and from the ongoing drilling campaign of expansion targets, which remain open in all directions.”
https://btrgold.com/2021/08/16/bonterra-intersects-11-3-g-t-au-over-2-2-metres-from-the-ongoing-expansion-drilling-campaign-at-barry/
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
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God Bless America
Ps.
opinion appreciated
TIA
NYBob
4 years ago
Bonterra Provides a Corporate Update
Val-d’Or, QC – June 30, 2020:
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (the
“Company” or “Bonterra”) is pleased to provide a corporate update
including the status of the bulk sampling program at Moroy.
https://btrgold.com/2020/06/30/bonterra-provides-a-corporate-update/
On March 17, 2020, Bonterra announced the immediate suspension of all
drilling at its Moroy, Gladiator, and Barry projects, and stopped the
bulk-sampling program at Moroy due to the Covid-19 global pandemic.
Since that time, the three camps and the Val-d’Or office have been on
care and maintenance.
Essential employees are maintaining the three sites, and the corporate
office.
Other employees assigned to geology, and environmental permitting are
working remotely where possible.
The Company has developed procedures to protect its workers and the
surrounding communities near the projects.
These procedures will continue to evolve as more is known about Covid-
19.
Importantly, the Company is pleased to report no known cases on its
projects.
Bonterra recently updated and submitted its health and safety procedures
to the Quebec public health authority, the Cree Nation Government of
Eeyou Istchee, and the Cree First Nation of Waswanipi and received
approval to resume exploration at the Moroy project.
The project is located 30 kilometres southwest from the Cree First
Nation of Waswanipi.
As a result of the approval, the Company now plans to resume the bulk-
sampling program at Moroy.
Bulk Sampling Update
The bulk-sampling program at the Moroy project was initiated with the
objective to verify the grade continuity in the mineral structure, and
to reconcile between the resource grade of a specific area and the
resulting mined grade at the mill.
The bulk-sampling is focused on the M1 shear on level 11, 440 metres
below surface.
The plan is to access the area through a track haulage drift from the
Bachelor shaft located 900 metres north of Moroy.
The M1 structure has a narrow subvertical configuration that the
Company plans to mine using a long-hole-drilling mining method from
sub-levels at 15-metre intervals.
In December 2019, the Ministry of Natural Resource issued the
authorisation to extract 5,000 tonnes of mineralized material.
The Company began the sampling program in January with longhole
drilling.
The sector was drilled off when the Company put all activity on hold in
March as a result of Covid-19.
The blasting operations are planned to start in July, with the material
hauled on level 11 to the material handling facilities at the Bachelor
shaft.
Once on surface, the mineralized material will be processed on site at
the Bachelor mill under the monitoring of a third party engineering
firm.
The results of the bulk-sampling program will be published shortly
after completion.
The bulk-sampling is expected to be completed in Q3.
Exploration Drilling Activities – Winter 2020
Bonterra completed a combined total of 34,558 meters of drilling from
twelve drill rigs during winter 2020 on its Gladiator, Barry and Moroy
projects (See Table:
Bonterra Project Drilling Metres – Winter 2020). On March 17, 2020,
Bonterra suspended drilling on all of the projects and placed the three
camps on care and maintenance due to the Covid-19 global pandemic.
Drilling activities on the lake ice at Barry and Gladiator were
partially restricted due to a mild winter resulting in a later program
start and ended abruptly due to the pandemic, falling short of the
planned 80,000 metres.
Some drilling results remain pending where sampling and assaying was
slowed due to Covid-19.
Now that health protocols are in place, the Bachelor assay lab is
running normally.
The assay lab is currently focusing on the backlog from this winter and
is expected to be caught up by the end of July.
Open the PDF to view the tables and graphs.
Corporate Changes
As previously announced on April 21, 2020, Greg Gibson resigned as CEO
of Bonterra effective today.
While the Company continues its search for a permanent CEO, in the
interim it has promoted Pascal Hamelin, VP, Operations to Interim CEO.
The Board of Directors will continue its efforts in recruiting a new
President and CEO who will lead the Company into the next phase of
growth.
The Board of Directors would like to thank Mr. Gibson for his
significant contributions to the Company and wish him success in his
future endeavours.
In addition, Mr. Jamie Lavigne, VP, Exploration, has resigned from the Company. Mr. Lavigne joined the Company on a consulting basis in the winter 2019 to assist with the completion of the mineral resource estimates on the Company’s projects. Mr. Marc Ducharme will now assume the leadership role in the Company’s exploration programs. Mr. Ducharme joined the Company in September 2019 as Principal Geologist. Mr. Ducharme has over 30 years of geological, exploration, and mining experience predominantly with gold mineralization in the Abitibi region of Quebec. Mr. Ducharme is credited with the discovery of the Kiena Deep orebody deposit in 2016, which is currently being prepared for mining by Wesdome Gold Mines Ltd. at their Kiena Mine in Val-d’Or.
Pascal Hamelin, Interim CEO and VP, Operations commented: “Bonterra has undergone significant changes recently and will continue to make changes where appropriate to maximize value for its shareholders. The Company thanks Greg and Jamie for their efforts and achievements while at Bonterra and looks forward to Marc taking a leadership role in the continued development of the Company’s assets.”
Qualified Person
Pascal Hamelin, P.Eng. has approved the information contained in this release. Mr. Hamelin, Bonterra’s VP Operations, is a Qualified Person as defined by National Instrument 43-101 –Standards of Disclosure for Mineral Projects (“NI 43-101”).
FOR ADDITIONAL INFORMATION:
Investor relations: Pascal Hamelin
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d’Or, Quebec J9P 0B9
819-825-8676 | Website:
http://www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” that is based on Bonterra’s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra’s exploration and development plans. The words “will”, “anticipated”, “plans” or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.
https://btrgold.com/2020/06/30/bonterra-provides-a-corporate-update/
NYBob
5 years ago
Bonterra Intersects 18.26 g/t Au Over 1.7 metres at Gladiator
V.BTR | 10 days ago
Val-d'Or, Quebec--(Newsfile Corp. - April 2, 2020) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") announces the results of assays received from recently completed drilling at the Gladiator deposit. Results include the intersection of 18.26 grams per tonne ("g/t") Au over an intersection length of 1.7 metres ("m").
Bonterra had planned an aggressive winter drill program at Gladiator consisting of 12,000 to 15,000 m. The focus was zone delineation and infill drilling aimed at increasing indicated resources and to support planning for future underground exploration.
The start of the drill program was delayed due to warm winter temperatures and heavy snowfall which slowed ice-making on Barry Lake. Required ice levels were not achieved and drilling was limited to near the shore where Barry Lake was frozen to the bottom.
Due to the Covid-19 outbreak, the Company terminated the drill program earlier than planned. A total of 2,572 m of drilling was completed in 5 holes.
Two additional holes were only partially drilled and the Company is still awaiting these results.
Three primary zones of mineralization are interpreted at Gladiator; the North, Main, and Barbeau Zones.
The North and Main Zones are quartz vein mineralization hosted by steeply south-southeast dipping shear zones which have developed at the contacts of a gabbroic and felsic dykes with mafic and intermediate volcanic rocks (see cross section in Figure 1).
The Barbeau Zone consists of quartz vein mineralization hosted by a shear zone which dips moderately (55o to 65 o) to the north and is correlated with offset of the gabbroic and felsic dykes.
A number of less well-defined zones have been interpreted with orientations similar to the Barbeau Zone and similar to the North and Main Zones (Figure 1).
The 5 holes completed were drilled in a north-to-south direction and planned to intersect the North and Main Zones near surface and further downhole to intersect targeted north dipping zones.
Significant intercepts are presented in table 1 and illustrated on the accompanying cross sections.
Highlights of the drilling include an intersection of 11.5 g/t Au over 8.5 m (estimated true width of 3.8 m) on the North Zone and an intersection of 22.59 g/t Au over an intersection length of 1 m (estimated true width of 0.5 m) on the Main Zone. The north dipping zones were intersected at a more favourable angle and highlights include 18.26 g/t Au over an intersection length of 1.7 m and 19.37 g/t Au over an intersection length of 1 m.
Greg Gibson, President and CEO of the Company commented "We are pleased with these early, albeit limited, results. In particular, the results on the newly interpreted North Zone support the interpretation of geological continuity and demonstrate the potential to add significant near surface ounces to the Gladiator resource. Also, of particular significance is the prediction and intersection of significant mineralization in the newly interpreted north dipping zones. We hope to resume the Gladiator drilling from a barge after spring break up and when current restrictions due to the Covid-19 virus have been lifted."
Analyses and QAQC
Gold analyses of Gladiator drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified |Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d'Or.
Boris Artinian, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Gladiator project. Mr. Artinian is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.
Table 1: Significant intersection
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Notes:
1) North Zone and Main Zone drilled at an oblique angle and true widths are 30% to 60% of intersection lengths.
2) True widths are 95% the intersection length for the north dipping (ND) zones
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_002.jpg
Vertical Cross Section
Looking West-Southwest
Figure 1
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-01
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-02 and 04
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-03
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-05
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FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54074
newsfile corp. 2020
Newsfile Corp.
April 2, 2020 - 11:49 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc
by Belek
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
5 years ago
Bonterra Intersects 18.26 g/t Au Over 1.7 metres at Gladiator
V.BTR | 10 days ago
Val-d'Or, Quebec--(Newsfile Corp. - April 2, 2020) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") announces the results of assays received from recently completed drilling at the Gladiator deposit. Results include the intersection of 18.26 grams per tonne ("g/t") Au over an intersection length of 1.7 metres ("m").
Bonterra had planned an aggressive winter drill program at Gladiator consisting of 12,000 to 15,000 m. The focus was zone delineation and infill drilling aimed at increasing indicated resources and to support planning for future underground exploration.
The start of the drill program was delayed due to warm winter temperatures and heavy snowfall which slowed ice-making on Barry Lake. Required ice levels were not achieved and drilling was limited to near the shore where Barry Lake was frozen to the bottom.
Due to the Covid-19 outbreak, the Company terminated the drill program earlier than planned. A total of 2,572 m of drilling was completed in 5 holes.
Two additional holes were only partially drilled and the Company is still awaiting these results.
Three primary zones of mineralization are interpreted at Gladiator; the North, Main, and Barbeau Zones.
The North and Main Zones are quartz vein mineralization hosted by steeply south-southeast dipping shear zones which have developed at the contacts of a gabbroic and felsic dykes with mafic and intermediate volcanic rocks (see cross section in Figure 1).
The Barbeau Zone consists of quartz vein mineralization hosted by a shear zone which dips moderately (55o to 65 o) to the north and is correlated with offset of the gabbroic and felsic dykes.
A number of less well-defined zones have been interpreted with orientations similar to the Barbeau Zone and similar to the North and Main Zones (Figure 1).
The 5 holes completed were drilled in a north-to-south direction and planned to intersect the North and Main Zones near surface and further downhole to intersect targeted north dipping zones.
Significant intercepts are presented in table 1 and illustrated on the accompanying cross sections.
Highlights of the drilling include an intersection of 11.5 g/t Au over 8.5 m (estimated true width of 3.8 m) on the North Zone and an intersection of 22.59 g/t Au over an intersection length of 1 m (estimated true width of 0.5 m) on the Main Zone. The north dipping zones were intersected at a more favourable angle and highlights include 18.26 g/t Au over an intersection length of 1.7 m and 19.37 g/t Au over an intersection length of 1 m.
Greg Gibson, President and CEO of the Company commented "We are pleased with these early, albeit limited, results. In particular, the results on the newly interpreted North Zone support the interpretation of geological continuity and demonstrate the potential to add significant near surface ounces to the Gladiator resource. Also, of particular significance is the prediction and intersection of significant mineralization in the newly interpreted north dipping zones. We hope to resume the Gladiator drilling from a barge after spring break up and when current restrictions due to the Covid-19 virus have been lifted."
Analyses and QAQC
Gold analyses of Gladiator drill core are completed at the Bachelor Mine assay laboratory. The Company employs an industry standard QAQC program that includes duplicate analyses from pulp and coarse rejects and the use of Certified |Reference Materials (CRM) and blanks. Check assays on a minimum of 10% of the samples are completed at ALS Laboratories in Val-d'Or.
Boris Artinian, P.Geo and Chief Geologist for the Company supervises all exploration activities on the Gladiator project. Mr. Artinian is a Qualified Person as defined by NI43-101. Jamie Lavigne, P.Geo and VP Exploration for the Company has approved the information contained in this release. Mr. Lavigne is a Qualified Person as defined by NI43-101.
Table 1: Significant intersection
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Notes:
1) North Zone and Main Zone drilled at an oblique angle and true widths are 30% to 60% of intersection lengths.
2) True widths are 95% the intersection length for the north dipping (ND) zones
Cannot view this image? Visit: https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_002.jpg
Vertical Cross Section
Looking West-Southwest
Figure 1
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-01
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-02 and 04
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-03
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Vertical Cross Section
Looking West-Southwest
DDH BA-20-05
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/1528/54074_1e8c727a4412498b_006full.jpg
FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely, information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacings may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information.
Corporate Logo
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54074
newsfile corp. 2020
Newsfile Corp.
April 2, 2020 - 11:49 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
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added a few more
chart looks good
http://schrts.co/kkZDDBHs
BTR.V
http://schrts.co/aMIwMgMc
by Belek
In GOD We Trust -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
5 years ago
Bonterra Resources Announces $5 million Private Placement of Flow-Through Shares
V.BTR | 8 days ago
Val-d'Or, Quebec--(Newsfile Corp. - November 19, 2019) -
Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (the "Company" or "Bonterra") is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP to act as lead agent (the "Lead Agent"), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the "Agents"), in connection with a "best efforts" private placement to raise gross proceeds of up to $5,003,100 (the "Offering").
The Offering will consist of a combination of, (i) up to 1,334,000 common shares of the Company issued on a flow-through basis at a price of $2.25 per common share (the "FT Shares") for gross proceeds of up to $3,001,500, and (b) up to 834,000 common shares of the Company issued on a flow-through basis at a price of $2.40 per common share (the "Quebec FT Shares") for gross proceeds of up to $2,001,600. Collectively the FT Shares and Quebec FT Shares shall be collectively referred to as the "Offered Securities".
In addition, the Company has granted the Agents an option to increase the size of Offering by up to an additional C$1,000,000, exercisable at any time up to three business days prior to the closing of the Offering, on the same terms and conditions under the Offering.
In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds of the Offering.
The gross proceeds from the issuance of the Offered Securities will be used for Canadian exploration expenses and will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) (the "Qualifying Expenditures"), the Quebec FT Shares will also qualify under section 359.1 of the Taxation Act (Quebec), which will be renounced to the subscribers with an effective date no later than December 31, 2019 to the initial purchasers of the Offered Securities in an aggregate amount not less than the gross proceeds raised from the issue of the Offered Securities, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will indemnify each Offered Security subscriber for any additional taxes payable by such subscriber as a result of the Corporation's failure to renounce the Qualifying Expenditures as agreed.
The securities to be issued under the Offering will be subject to a hold period of four months and one day from the date of issue in accordance with applicable securities laws. The Offering is subject to approval of the TSX Venture Exchange.
The Offering is currently expected to close on or about December 12, 2019 or such other date or dates as the Company and the Lead Agent may agree.
FOR ADDITIONAL INFORMATION:
Investor relations: Allan Folk
819-825-8678 ext. 250 | ir@btrgold.com
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-825-8676 | Website: www.btrgold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
This news release includes certain forward-looking statements concerning the use of proceeds of the Offering, the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future tax treatment of the Offered Securities, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
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November 19, 2019 - 12:26 PM PST
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NYBob
5 years ago
Bonterra Resources discovers new gold mineralization zone at Moroy Project in Quebec
The junior explorer said that it had recently completed diamond drill hole intercepts in the new zone, referred to as the M4 Zone
BonTerra Resources Inc - Bonterra Resources discovers new zone of gold mineralization at the Moroy Project in Quebec
Mineralization at Moroy consists of quartz veins with minor pyrite hosted by hematite, sericite, quartz, and pyrite-altered volcanic rocks
Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) announced Thursday the discovery of a new zone of gold mineralization at the Moroy Project in Quebec.
In a statement, the junior explorer said that it had recently completed diamond drill hole intercepts in the new zone, referred to as the M4 Zone.
Bonterra said the highlights of the drilling include:
18.09 grams per tonne gold over 3.6 metres in hole MY19-158
18.39 grams per tonne gold over 2.94 metres in hole MY19-161
11.09 grams per tonne gold over 11.41 metres in holes MY19-166
READ: Bonterra Resources raises C$32 million to bolster Quebec projects
The Moroy deposit is located on the company's 125-square kilometer Bachelor Lake Property, about 225 kilometres northeast of Val-d'Or and located south of the Bachelor Mine.
Mineralization at Moroy consists of quartz veins with minor pyrite hosted by hematite, sericite, quartz, and pyrite altered volcanic rocks, Bonterra said.
Mineralization previously delineated at Moroy, and included in the company's Mineral Resource Estimate as of May, consists dominantly of a westerly striking and steeply north dipping (approximately 60-80 degrees) vein system.
In contrast, the M4 Zone dips shallowly, approximately 20-30 degrees to the north-northwest. The delineation of the M4 Zone represents a newly recognized orientation for mineralization at Moroy.
"We are thrilled with our drilling results to date, especially the discovery of high-grade gold within the Moroy project at our M4 target area,” said CEO Greg Gibson. “These results demonstrate the tremendous prospectivity of the company's district scale holdings."
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham
NYBob
5 years ago
Gold futures looking good and great for KL & BTR also -
Bonterra Resources Inc (TSXV:BTR) (BONXF) RE: Great results....
look what Kirkland did for itself, 2200% stock price appreciation
in 4 years.
whats in store for Bonterra? think about that....
http://schrts.co/YnpIdmAm
by Belek
Bonterra must have some good potential >
Belek thank you for good info BONXF -
weekly chart -
http://schrts.co/bGFvicdB
with Kirkland Lake Gold more involved it
will add more knowledge to BONXF exploration and
gold production -
Let's get it back UP and much higher for its
very undervalued and oversold -
it should be a 10 bagger and better from here
and that's why KL taking more positions )
Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Kirkland Lake, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares
Kirkland Lake Gold - Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Bonterra recently closed a C$32 million financing to fund ongoing exploration at the company’s Quebec assets
Mining giant Kirkland Lake Gold Ltd (TSE:KL) (NYSE:KL) has boosted its stake in Canadian gold explorer Bonterra Resources Inc (CVE:BTR), which recently closed a C$32 million financing to fund ongoing exploration at its Quebec assets.
Kirkland Lake, which has a market capitalization of over C$12 billion, acquired a further 2 million units of Bonterra at C$2.50 each for a total cash payment of C$5 million. Each unit consists of one share and one-half of one warrant entitling the gold producer to acquire an additional share at C$3.10 until August 20, 2021.
The gold producer, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares from 10.2% or 6.5 million shares.Sprott owns around 5.2 million shares of Bonterra, or just over 8% of the company.
READ: Bonterra Resources raises C$32 million to bolster Quebec projects
Kirkland Lake Gold has a long-term view of the investment, it said in a statement.
Bonterra has been advancing its gold projects in Quebec, which include the Gladiator, Barry and Moroy deposits as well as significant regional targets. It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
Recent drilling at the Gladiator and Barry projects in Quebec intersected high-grade gold.
Drilling at Gladiator revealed intercepts of 18.5 grams per ton gold (g/t) over 3 metres in one hole, while another hit 13 g/t gold over 3 metres. At Barry, one drill hole intersected 11.6 g/t gold over 2.9 metres, extending the zone more than 50 metres to the west.
Contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas
https://ca.proactiveinvestors.com/companies/news/901328/gold-producer-kirkland-lake-gold-increases-stake-in-bonterra-resources-901328.html
Gold and Silver is God's money and is the Answer.
Be Bold NOT Passive.
https://www.youtube.com/watch?time_continue=158&v=mpM-rUhbWm8
GOLD is Father GOD'S Money!
by Robert Kiyosaki says -
God made gold and silver.
Man made paper to replace gold and silver as money.
Throughout the history of mankind
ALL paper currencies have failed.
It's an inevitable consequence of paper
lacking intrinsic value of gold and silver... simple.
Propaganda to the contrary is an attempt to deceive people
out of their money, their value, the fruits of their labor,
their life savings, their future as independent people
living comfortably as a result of hard work and
planning for retirement their entire adult lives.
All of this is at risk for anyone trusting in paper
or electronic currency, which are only substitutes
for the real money, God's money, gold and silver.
https://www.youtube.com/watch?v=J6YJziTrHII
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
5 years ago
Bonterra Resources Inc (TSXV:BTR) Developing Quebec’s next Gold Camp -
Resource expansion in the Urban-Barry Camp
July 2019
http://btrgold.com/wp-content/uploads/2019/08/BTR-Corporate-Presentation-2019-07-rev-3.pdf
Bonterra Resources Inc (TSXV:BTR) (BONXF) RE: Great results....
look what Kirkland did for itself, 2200% stock price appreciation
in 4 years.
whats in store for Bonterra? think about that....
http://schrts.co/YnpIdmAm
by Belek
GO Bonterra, GO KL !!!
Bonterra must have some good potential >
Belek thank you for good info BONXF -
weekly chart
http://schrts.co/bGFvicdB
with Kirkland Lake Gold more involved it
will add more knowledge to BONXF exploration and
gold production -
Let's get it back UP and much higher for its
very undervalued and oversold -
it should be a 10 bagger and better from here
and that's why KL taking more positions )
Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Kirkland Lake, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares
Kirkland Lake Gold - Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Bonterra recently closed a C$32 million financing to fund ongoing exploration at the company’s Quebec assets
Mining giant Kirkland Lake Gold Ltd (TSE:KL) (NYSE:KL) has boosted its stake in Canadian gold explorer Bonterra Resources Inc (CVE:BTR), which recently closed a C$32 million financing to fund ongoing exploration at its Quebec assets.
Kirkland Lake, which has a market capitalization of over C$12 billion, acquired a further 2 million units of Bonterra at C$2.50 each for a total cash payment of C$5 million. Each unit consists of one share and one-half of one warrant entitling the gold producer to acquire an additional share at C$3.10 until August 20, 2021.
The gold producer, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares from 10.2% or 6.5 million shares.Sprott owns around 5.2 million shares of Bonterra, or just over 8% of the company.
READ: Bonterra Resources raises C$32 million to bolster Quebec projects
Kirkland Lake Gold has a long-term view of the investment, it said in a statement.
Bonterra has been advancing its gold projects in Quebec, which include the Gladiator, Barry and Moroy deposits as well as significant regional targets. It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
Recent drilling at the Gladiator and Barry projects in Quebec intersected high-grade gold.
Drilling at Gladiator revealed intercepts of 18.5 grams per ton gold (g/t) over 3 metres in one hole, while another hit 13 g/t gold over 3 metres. At Barry, one drill hole intersected 11.6 g/t gold over 2.9 metres, extending the zone more than 50 metres to the west.
Contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas
https://ca.proactiveinvestors.com/companies/news/901328/gold-producer-kirkland-lake-gold-increases-stake-in-bonterra-resources-901328.html
God Bless
NYBob
5 years ago
bigone thank you, Bonterra must have some good potential >
Belek thank you for good info BONXF -
weekly chart
http://schrts.co/bGFvicdB
with Kirkland Lake Gold more involved it
will add more knowledge to BONXF exploration and
gold production -
Let's get it back UP and much higher for its
very undervalued and oversold -
it should be a 10 bagger and better from here
and that's why KL taking more positions )
Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Kirkland Lake, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares
Kirkland Lake Gold - Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Bonterra recently closed a C$32 million financing to fund ongoing exploration at the company’s Quebec assets
Mining giant Kirkland Lake Gold Ltd (TSE:KL) (NYSE:KL) has boosted its stake in Canadian gold explorer Bonterra Resources Inc (CVE:BTR), which recently closed a C$32 million financing to fund ongoing exploration at its Quebec assets.
Kirkland Lake, which has a market capitalization of over C$12 billion, acquired a further 2 million units of Bonterra at C$2.50 each for a total cash payment of C$5 million. Each unit consists of one share and one-half of one warrant entitling the gold producer to acquire an additional share at C$3.10 until August 20, 2021.
The gold producer, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares from 10.2% or 6.5 million shares.Sprott owns around 5.2 million shares of Bonterra, or just over 8% of the company.
READ: Bonterra Resources raises C$32 million to bolster Quebec projects
Kirkland Lake Gold has a long-term view of the investment, it said in a statement.
Bonterra has been advancing its gold projects in Quebec, which include the Gladiator, Barry and Moroy deposits as well as significant regional targets. It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
Recent drilling at the Gladiator and Barry projects in Quebec intersected high-grade gold.
Drilling at Gladiator revealed intercepts of 18.5 grams per ton gold (g/t) over 3 metres in one hole, while another hit 13 g/t gold over 3 metres. At Barry, one drill hole intersected 11.6 g/t gold over 2.9 metres, extending the zone more than 50 metres to the west.
Contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas
https://ca.proactiveinvestors.com/companies/news/901328/gold-producer-kirkland-lake-gold-increases-stake-in-bonterra-resources-901328.html
God Blesss
NYBob
5 years ago
Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Kirkland Lake, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares
Kirkland Lake Gold - Gold producer Kirkland Lake Gold increases stake in Bonterra Resources
Bonterra recently closed a C$32 million financing to fund ongoing exploration at the company’s Quebec assets
Mining giant Kirkland Lake Gold Ltd (TSE:KL) (NYSE:KL) has boosted its stake in Canadian gold explorer Bonterra Resources Inc (CVE:BTR), which recently closed a C$32 million financing to fund ongoing exploration at its Quebec assets.
Kirkland Lake, which has a market capitalization of over C$12 billion, acquired a further 2 million units of Bonterra at C$2.50 each for a total cash payment of C$5 million. Each unit consists of one share and one-half of one warrant entitling the gold producer to acquire an additional share at C$3.10 until August 20, 2021.
The gold producer, which is also backed by mining impresario Eric Sprott, increased its holdings in Bonterra to around 11.3% or 8.5 million shares from 10.2% or 6.5 million shares.Sprott owns around 5.2 million shares of Bonterra, or just over 8% of the company.
READ: Bonterra Resources raises C$32 million to bolster Quebec projects
Kirkland Lake Gold has a long-term view of the investment, it said in a statement.
Bonterra has been advancing its gold projects in Quebec, which include the Gladiator, Barry and Moroy deposits as well as significant regional targets. It also has 100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region.
Recent drilling at the Gladiator and Barry projects in Quebec intersected high-grade gold.
Drilling at Gladiator revealed intercepts of 18.5 grams per ton gold (g/t) over 3 metres in one hole, while another hit 13 g/t gold over 3 metres. At Barry, one drill hole intersected 11.6 g/t gold over 2.9 metres, extending the zone more than 50 metres to the west.
Contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas
https://ca.proactiveinvestors.com/companies/news/901328/gold-producer-kirkland-lake-gold-increases-stake-in-bonterra-resources-901328.html
NYBob
5 years ago
Bonterra intersects 18.5 g/t Au over 3.0 m at Gladiator and 11.6 g/t Au over 2.9 m at Barry
http://btrgold.com/2019/07/22/bonterra-intersects-18-5-g-t-au-over-3-0-m-at-gladiator-and-11-6-g-t-au-over-2-9-m-at-barry/
Val-d’Or, QC – July 22, 2019 – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) (“Bonterra” or the “Company”) is pleased to announce drill results from its ongoing exploration campaign at the Gladiator and Barry Projects. Results released are derived from step-out drilling that intersected mineralized zones situated outside of known mineral resources on both projects.
Gladiator
Recent drilling on the Barbeau Zone, at Gladiator, has extended the mineralization to a depth of 50 meters: Hole BA-19-41 intersected 18.5 g/t Au over 3.0 m and hole BA-19-42 intersected 13.0 g/t Au over 3.0 m, extending the Barbeau Zone by more than 50 meters at depth in mineralized quartz veins with visible Gold. Drill hole BA-19-39 also intersected high-grade mineralization with 7.8 g/t Au over 4.9 m and 12.1 g/t Au over 3.0 m on the South Zone. (See map and sections)
Barry
Drilling at Barry focused on the extension of the H1 Zone on the western limit of the deposit. Hole MB-19-218 intersected 12.7 g/t Au over 1.8 meters in mineralized shear zone extending H1 Zone more than 50 meters to the west. Drill hole MB-19-216 extended H1 zone by more than 100 meters at depth intersecting 11.6 g/t Au over 2.9 m. Hole MB-19-219 also intersected the H1 zone at depth with 4.9 g/t Au over 4.1 m. (See map and sections)
Bonterra continues its summer drilling campaign at the Urban Barry Camp with two drill rigs at Moroy, one at Barry and one at Gladiator. The Company will shortly mobilize an additional mobile heli-portable diamond drill rig to drill-test regional exploration targets on the Gladiator Project.
*Stated lengths are core lengths as drilled. True mineralization widths vary and average between 60 and 80 percent drilled widths. Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.
Quality Control and Reporting Protocols
Bonterra estimates that the actual thicknesses of the mineralized intersections are between 60% and 80% of the core lengths. No capping grade is used at this stage. The Company uses a rigorous QA-QC analytical program according to industry standards. The analytical results were done by pyroanalysis (A.A.) at the mine laboratory. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance. The company’s QA-QC analytical verification program requires that a minimum of 5% of the samples be audited at an independent laboratory. These audit assays were sent to ALS laboratory located in Val-d’Or, Quebec. The results of the audits are consistent with those obtained.
Bonterra Resources Quick Facts:
Control of three high-grade gold deposits (Gladiator, Barry and Moroy) and significant regional targets
100% ownership of the Urban-Barry Mill, the only permitted gold mill in the region
Strong shareholder base including Eric Sprott and Kirkland Lake Gold
Property-wide NI 43-101 Mineral Resource Estimate recently updated with a combined resource of 55,000 Oz Au Measured, 643,000 Oz Au Indicated and 1,405,000 Oz Au Inferred.
Pascal Hamelin, P.Eng. has approved the information contained in this release. Mr. Hamelin, Bonterra’s VP Operatons, is a Qualified Person as defined by NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS,
Greg Gibson, Interim CEO
Bonterra Resources Inc.
http://btrgold.com/2019/07/22/bonterra-intersects-18-5-g-t-au-over-3-0-m-at-gladiator-and-11-6-g-t-au-over-2-9-m-at-barry/
NYBob
6 years ago
Bonterra Closes $36.7M Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIUBTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Val D’or, QC CANADA, March 18, 2019/CNW/ – Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (“Bonterra” or the “Company”) is pleased to announce that it has closed its previously announced brokered private placement for gross proceeds of $36,741,096 (the “Offering”). Pursuant to the Offering, Bonterra issued 14,359,000 common shares of the Company (“Common Shares”) at a price of $1.95 per Common Share, and an additional 3,273,800 Common Shares of the Company on a flow-through basis (“FT Shares”) at a price of $2.67 per FT Share. Collectively, the FT Shares and Common Shares issued pursuant to the Offering are referred to as the “Offered Securities.”
The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will qualify as “flow-through mining expenditures” (the “Qualifying Expenditures”), as defined in subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2019. The net proceeds from the sale of Common Shares will be used for ongoing exploration and development work on the Company’s mineral properties and for general working capital purposes.
Sprott Capital Partners LP acted as lead agent on behalf of a syndicate of agents which included RBC Dominion Securities Inc. and PI Financial Corp. (collectively, the “Agents”). The Agents exercised in full their option to increase the size of the Offering by 20% of the number of Offered Securities, on the same terms and conditions under the Offering. In connection with the Offering, the Agents received a cash fee in an amount equal to 6% of the gross proceeds of the Offering. All securities issued under the Offering will be subject to a four month and one day hold period from the date of issuance in accordance with applicable securities laws. The Offering is subject to final acceptance of the TSX Venture Exchange (the “TSXV”).
Certain insiders (as such term is defined under applicable securities law) (“Insiders”) of the Company have subscribed for 2,050,000 Common Shares under the Offering. The issuance of Common Shares to Insiders pursuant to the Offering will be considered a related party transaction within the meaning of the TSXV Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of such Insider Participation. The participants in the Offering and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the Offering pursuant to a material change report filed at least 21 days prior to the completion of the Offering.
Prior to the closing of the Offering, the Company agreed to convert $500,000 of indebtedness, payable to an arm’s length creditor, by issuing an aggregate of 250,000 common shares (the “Debt Settlement Shares”) at a price of $2.00 per Debt Settlement Share. The Debt Settlement Shares will be subject to a four month and one day hold period pursuant to applicable securities laws. The issuance of the Debt Settlement Shares is subject to final acceptance of the TSXV.
Bonterra Resources Inc.
For further information on Bonterra, contact Investor Relations
2872 Ch Sullivan Bur. 2
Val-d’Or, Québec
Office: 819-825-8678
Website:
http://www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NYBob
6 years ago
Bonterra intersects 7.9 g/t Au over 12.1 metres at Moroy
Val d’Or, QC – February 21, 2019 -
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1)
(“Bonterra” or the “Company”) is pleased to announce drill results from
the underground drill campaign at the Moroy zone, including the
following new high-grade results:
4.9 g/t Au over 14.3 metres in hole MY-18-089;
7.9 g/t Au over 12.1 metres in hole MY18-120;
15.5 g/t Au over 4.1 metres in hole MY-18-138.
These new results both confirm the extent and continuity of the Moroy zone. The diamond drilling campaign also succeeded in defining the Moroy zones M1 and M2. Highlighted drill intersections are provided in the table below.
The Moroy Deposit is a parallel system to the Bachelor Mine and shows similarities with Bachelor in terms of geology, geometry, size and continuity. Located 1 km south, Moroy has been outlined over a strike length of 400 metres and a vertical extent of 600 metres. The mineralized zones consist of hematized brecciated stockwork associated with pyrite. Bonterra will include these results in its upcoming mineral resources estimate and will focus on expansion drilling in the Moroy zones, which remain open to the West and East, along the mineralization plunge.
Drilling highlights:
http://www.bonterraresources.com/news-media/news/bonterra-intersects-79-gt-au-over-121-metres-at-moroy
http://www.bonterraresources.com/_resources/corporate-presentation.pdf
God Bless
NYBob
6 years ago
Bonterra Resources Announces Results of 2018 Annual General Meeting
Vancouver, BC – January 2, 2019:
Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXD, FSE: 9BR1)
(the “Company” or “Bonterra”) is pleased to announce that all
resolutions tabled at its Annual General Meeting of shareholders
held in Vancouver, British Columbia, on December 20, 2018,
were passed, including:
the incumbent directors of the Company standing for re-election, being
Nav Dhaliwal, R. Dale Ginn, Greg Gibson, Richard Boulay, Robert Gagnon,
Allan Folk and Christina Ouellette were re-elected as directors of the
Company for the coming year;
Crowe Mackay LLP, the incumbent auditors of the Company, were re-
appointed auditors of the Company for the coming year;
the 10% rolling stock option plan was approved.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
For further information on Bonterra, contact Investor Relations
Telephone: 1 844 233 2034
Email: ir@bonterraresources.com
Website: www.bonterraresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
http://www.bonterraresources.com/news-media/news/bonterra-resources-announces-results-of-2018-annual-general-meeting
God Bless
NYBob
6 years ago
Bonterra Resources Announces $20 million Private Placement and Share Consolidation
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Vancouver, BC – October 15, 2018 – Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce that it has entered into an agreement with Sprott Capital Partners to act as lead agent (the “Lead Agent”), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents”), in connection with a marketed private placement to raise gross proceeds of up to $20,000,130 (the “Offering”).
Prior to closing of the Offering, the Company will consolidate its outstanding common shares on the basis of ten (10) existing common shares for one (1) new common share (the "Consolidation"). Upon completion of the Consolidation and prior to closing of the Offering, the Company is expected to have 39,749,870 issued and outstanding common shares. No fractional shares will be issued. In addition, there will be no change in the Company’s name or trading symbol. All securities issued under the Offering will be, and all prices in this release are, on a post-Consolidation basis.
The Offering will consist of a combination of (a) up to 1,973,700 common shares of the Company issued on a flow-through basis (the “FT Shares”) at a price of $3.80 per FT Share, and (b) up to 3,787,900 common shares of the Company issued on a non-flow-through basis (the “NFT Shares”) at a price of $3.30 per NFT Share. Collectively the FT Shares and NFT Shares are referred to as the “Offered Securities”.
In connection with the Offering, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds of the Offering. As additional consideration, the Company will grant to the Agents common share purchase warrants (the “Broker Warrants”) entitling the Agents to subscribe for that number of common shares equal to 4.0% of the aggregate number of Offered Securities placed in the Offering. Subject to regulatory approval, each Broker Warrant will be exercisable to acquire one common share at a price equal to $3.30 for a period of 24 months after the closing date.
The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will qualify as “flow-through mining expenditures” (the “Qualifying Expenditures”), as defined in subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than December 31, 2018 to the initial purchasers of the FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares, as applicable, and, if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will indemnify each FT Share subscriber for any additional taxes payable by such subscriber as a result of the Corporation’s failure to renounce the Qualifying Expenditures as agreed. The net proceeds from the NFT Share Offering will be used for on-going exploration and development work on the Company properties and for general corporate purposes. All Offered Securities will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The Consolidation and the Offering are subject to approval of the TSX Venture Exchange.
The Company will confirm the effective date of the Consolidation in a subsequent news release. The Offering is currently expected to close on November 8, 2018 or such other date or dates as the Company and the Lead Agent may agree.
ON BEHALF OF THE BOARD OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
For further information on Bonterra, contact Investor Relations
Telephone: 1 844 233 2034
Email: ir@bonterraresources.com
Website: www.bonterraresources.com
http://www.bonterraresources.com/news-media/news/bonterra-resources-announces-20-million-private-placement-and-share-consolidation
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NYBob
6 years ago
Bonterra and Metanor both Receive Securityholder Approval of their Respective Plans of Arrangement
Bonterra and Metanor Provide Transaction Timing Update
VAL D'OR, Quebec, Sept. 20, 2018 (GLOBE NEWSWIRE) --
BONTERRA RESOURCES INC. ("Bonterra”) (TSX-V:BTR, US:BONXF, FSE:9BR1) and
METANOR RESOURCES INC. (“Metanor”) (TSX-V:MTO) are pleased to announce
that each of their respective previously announced plans of arrangement
(respectively, the “Bonterra Arrangement” and the “Metanor
Arrangement”), have been approved by their respective securityholders
today.
The Bonterra Arrangement, which involves spinning out of certain assets of Bonterra to Gatling Exploration Inc. (“Bonterra Spinco” or “Gatling”), was approved by shareholders and optionholders of Bonterra (together, the “Bonterra Securityholders”) at a special meeting (the “Bonterra Meeting”) of the Bonterra Securityholders held today. At the Bonterra Meeting, a special resolution approving the Bonterra Arrangement was approved by: (i) 97.58% of the votes cast by Bonterra shareholders; and (ii) 97.76% of the votes cast by Bonterra Securityholders, voting together as a single class. The Metanor Arrangement, which involves acquisition of all shares of Metanor by Bonterra was approved by shareholders and optionholders of Metanor (together, the “Metanor Securityholders”) at a special meeting (the “Metanor Meeting”) of the Metanor Securityholders held today. At the Metanor Meeting, a special resolution approving the Metanor Arrangement was approved by: (i) 87.44% of the votes cast by Metanor shareholders; and (ii) 87.96% of the votes cast Metanor Securityholders, voting together as a single class.
Both arrangements are still subject to final approval by the TSX Venture Exchange (“TSX-V”) and the Supreme Court of British Columbia (the “BC Court”), in the case of the Bonterra Arrangement, and the Superior Court of Quebec (the “Quebec Court”), in the case of the Metanor Arrangement. The BC Court hearing for obtaining a final order approving the Bonterra Arrangement is scheduled to take place on September 20, 2018. The Quebec Court hearing for obtaining a final order approving the Metanor Arrangement is scheduled to take place on September 21, 2018.
Completion of both arrangements is expected to occur on September 24, 2018. The Bonterra Arrangement will be completed first, followed immediately by the Metanor Arrangement. Under the Bonterra Arrangement, Bonterra shareholders of record at the close of business on Friday, September 21, 2018, will receive one common share of Gatling for every seven common shares of Bonterra held.
Upon completion of the Metanor Arrangement, all of shares of Metanor shall be owned by Bonterra. Holders of Metanor shares will not have any right to receive any Bonterra Spinco shares under the Bonterra Arrangement.
Under the Bonterra Arrangement, Gatling shall receive Bonterra’s Larder Lake assets in Ontario and approximately $7,000,000 in cash. An application for listing of the Gatling shares on TSX-V has been filed, however listing is subject to final TSX-V acceptance.
Additional information regarding the terms of the Metanor Arrangement are set out in Metanor’s management information circular dated August 15, 2018, which is available under Metanor’s profile at www.sedar.com.
Additional information regarding the terms of the Bonterra Arrangement are set out in Bonterra’s management information circular dated August 15, 2018, which is available under Bonterra’s profile at www.sedar.com.
ON BEHALF OF THE RESPECTIVE BOARDS OF DIRECTORS,
Nav Dhaliwal, President & CEO
Bonterra Resources Inc.
Greg Gibson, Interim CEO
Metanor Resources Inc.
For further information regarding the contents of this news release please contact:
Bonterra:
Nav Dhaliwal, President and CEO
Telephone: (604) 678-5308
Email: nav@bonterraresources.com
Metanor:
Pascal Hamelin, President and COO
Telephone: (819) 825-8678
Email: phamelin@metanor.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement: Certain information contained in this press release constitutes “forward-looking information", within the meaning of Canadian legislation concerning the completion of the Bonterra Arrangement and the Metanor Arrangement. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", “forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", "be achieved" or “has the potential to”. Forward looking statements contained in this press release may include statements regarding Bonterra’s and Metanor’s ability to complete the Bonterra Arrangement and Metanor Arrangement, respectively, and the anticipated effective date of the Bonterra Arrangement and Metanor Arrangement, which involve known and unknown risks and uncertainties which may not prove to be accurate. Actual results and outcomes may differ materially from what is expressed or forecasted in these forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Among those factors which could cause actual results to differ materially are the following: uncertainties as to the timing of the Bonterra Arrangement and Metanor Agreement and satisfaction of the respective conditions thereto, market conditions and other risk factors listed from time to time in Bonterra’s and Metanor’s reports filed with Canadian securities regulators on SEDAR at www.sedar.com. The forward-looking statements included in this press release are made as of the date of this press release and both Bonterra and Metanor disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.
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https://web.tmxmoney.com/article.php?newsid=7570206292581845&qm_symbol=MTO
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