by Greg Klein | January 31, 2017
With the year’s first stepout hole to the east, BonTerra Resources TSXV:BTR announced three gold intercepts on January 31 from its Abitibi-region Gladiator project. The first interval revealed a new zone, the company stated, while the two deeper intercepts marked the 7,563-hectare property’s Main and Footwall zones, near the contact between mafic volcanic units and a mineralized felsic porphyritic intrusive. Results for hole BA-17-01 show:
- 1.6 g/t gold over 10 metres, starting at 262 metres in downhole depth
- 15.7 g/t over 8.5 metres, starting at 367 metres
- 20.7 g/t over 5 metres, starting at 566 metres
True widths weren’t available.
Gladiator’s 2012 resource used a 4 g/t cutoff to show an inferred 905,000 tonnes averaging 9.37 g/t for 273,000 ounces of gold. Last year’s campaign expanded the known mineralization from about 200 metres long and 200 metres deep to about 1,200 metres long and 650 metres deep. With two rigs now at work and a third waiting for suitable ice conditions, a resource update could arrive in spring or summer. The 2016-2017 campaign calls for about 25,000 metres of drilling.
Just over the Ontario border, BonTerra’s Larder Lake project has two historic, non-43-101 estimates, with Bear Lake showing 683,000 ounces of gold inferred, and Cheminis 43,800 ounces of gold indicated and 233,400 ounces inferred. The company is compiling a new 43-101 incorporating another 25,000 metres drilled by Gold Fields NYSE:GFI since the historic estimates.