Thursday 27th July 2017

Resource Clips


Absolutely Abitibi

BonTerra Resources gets aggressive in Quebec gold country

by Greg Klein

BonTerra Resources gets aggressive in Quebec’s gold country

A diagram shows how far the company has progressed
beyond the 2012 resource area, outlined in blue.

 

With a standout interval of 70 grams per tonne gold over 5.5 metres, BonTerra Resources’ (TSXV:BTR) November 16 batch of assays brought further evidence of a good Abitibi address. As president/CEO Nav Dhaliwal emphasizes, “This is all new drilling, well outside the resource area, and we’re going to continue expanding.” Primed with enthusiasm, financing and a better understanding of the geology, BonTerra now hopes to connect its Gladiator project’s zones across a potential strike length of 1,200 metres.

Some highlights from the most recent seven holes show:

Hole BA-16-26

  • 19.6 g/t gold over 1 metre, starting at 412 metres in downhole depth

BA-16-30

  • 4.7 g/t over 3 metres, starting at 370 metres

BA-16-38

  • 12.4 g/t over 4 metres, starting at 769 metres
  • (including 24.3 g/t over 2 metres)

BA-16-39

  • 1.5 g/t over 10 metres, starting at 723 metres

  • 70 g/t over 5.5 metres, starting at 813.5 metres
  • (including 191.4 g/t over 2 metres)

  • 3.1 g/t over 5 metres, starting at 846 metres

True widths weren’t available.

BonTerra Resources gets aggressive in Quebec’s gold country

A cold climate will complement Bonterra Resources’ drill campaign.

The drill season started on a 600-metre strike reached last May with an intercept of 137.4 g/t over 2.5 metres. This week BA-16-39 revealed its star interval at the eastern extent of the east-plunging structure, below 600 metres in vertical depth. BA-16-38 extended the zone another 50 metres deeper and 100 metres to the east. That outlines Gladiator’s zones to 650 metres in depth and 700 metres in strike. Meanwhile, assays are pending for other completed holes.

But as Dhaliwal says, “We’re not stopping there.” Now with a second rig at work, drilling will sink deeper, as well as farther east and west. Should the program succeed in connecting the eastern zones with the Rivage zone, currently over 300 metres away, the 7,563-hectare property would have the potential 1.2-kilometre strike.

With a 4 g/t cutoff, Gladiator’s 2012 resource estimate shows:

  • inferred: 905,000 tonnes averaging 9.37 g/t for 273,000 ounces gold

A resource update might arrive in late spring or early summer, Dhaliwal says. Well into a 25,000-metre 2016 program, drilling will continue through the winter. “That’s the most efficient time to work,” he points out. “This property is covered in a foot to six feet of water. Right now we’re land-based, so we’re shooting down towards it. So winter gives us an advantage, we’ll be able to get right on top of the structure.”

Describing the crew as “lean and mean,” Dhaliwal adds, “I couldn’t be prouder of our geological team, headed by a very experienced individual, Dale Ginn.” The VP of exploration’s more than 30-year career includes service with Kerr Mines, SGX Resources, San Gold, Harmony Gold Canada, Hudson Bay Mining and Smelting, and Goldcorp TSX:G, among others.

Last winter’s relative warmth limited BonTerra to about 20 holes, but Dhaliwal’s hoping this year’s temperatures favour a more aggressive campaign.

Looking southwest from Gladiator’s position on the Casa Berardi fault zone to the Cadillac-Larder Lake fault zone just inside Ontario, BonTerra holds the 2,165-hectare Larder Lake project. The property came with estimates, which BonTerra treats as historic and non-43-101, for two deposits just over a kilometre apart. Using 2.5 g/t gold cutoffs, they show:

Bear Lake

  • inferred: 3.75 million tonnes averaging 5.7 g/t for 683,000 ounces gold

Cheminis

  • indicated: 335,000 tonnes averaging 4.07 g/t for 43,800 ounces gold

  • inferred: 1.39 million tonnes averaging 5.2 g/t for 233,400 ounces

As a past-producer, Cheminis reportedly turned out 7.6 million gold ounces at an average 3.7 g/t from depths to 315 metres.

The historic estimates predate some 59 holes totalling over 25,000 metres sunk by Gold Fields NYSE:GFI. Dhaliwal says the South African miner worked the property up to 2012, when the company slashed international exploration spending. “They left just under $6 million of work—of clean work, mind you. We’ve seen the logs and core. Dale’s hired a project manager for the Ontario side and we’ll get started on a 43-101.”

The property’s Fernland area adds a third mineralized body, with all three open at depth and within a 3.2-kilometre potential strike.

While talking about either property, Dhaliwal at times can barely contain his enthusiasm. Financing suggests he’s hardly alone in his confidence. Between December 2015 and last June, the company raised over $10.38 million. “We’re fully cashed up and we’re moving forward so stay tuned—we’re going to show you more.”

See an infographic about BonTerra Resources.


Comments are closed.

Share | rss feed

View All: Feature Articles