Issue link: http://resourceworld.uberflip.com/i/1190748
D E C E M B E R / J A N U A R Y 2 0 2 0 www.resourceworld.com 55 bore hole. Samples have been submitted to the lab with results to be reported as soon as they are available. The second bore hole at Target A is underway. Four targets have been identified at Yawi, and a fifth is being mapped and soil sampled to determine if it warrants scout drilling. Bonterra Resources Inc. [BTR-TSX; BONXF-OTC; 9BR1-FSE] recently raised $32 million from a private placement financing to fund exploration and devel- opment work on its Québec properties. When Bonterra snapped up Metanor Resources Inc. last year in a $78 million deal, the plan was to create a new gold exploration and development company with a focus on Québec's Urban Barry mining camp. By attaining control of three advanced high-grade gold deposits (Gladiator, Moroy and Barry) and the only permit- ted gold mill in the region, Bonterra is placing the combined company in an excellent position to rapidly and cost-effectively become a significant Québec-based gold producer. GGX Gold Corp. [GGX-TSXV; GGXXF-OTC] is planning to test new technology on a newly discovered geophysical anomaly at its Gold Drop property in southern British Columbia. GGX said it will use the Stargate II (SG II) Drill Target Modeling System, which incorporates Acoustic EM analy- sis. The technology was developed by Earth Science Services Corp. (ESSCO) of Oshawa, Ontario. Gold Drop is the junior's most advanced project located 40 km from Grand Forks in geologically prospec- tive ground in the well mineralized Greenwood District. The project covers 2,150 hectares and was mined intermit- tently from 1919 to the 1980s, producing 7,572 tonnes from three veins (Amandy, North Star and Gold Drop). Most of the production occurred before 1942. Recent drill hole COD19-23 returned 0.5 metres of 116.0 g/t gold, 1,205.0 g/t silver and +500 ppm tellurium. Goldplay Exploration Ltd. [GPLY- TSXV; GPE-FSE; GLYXF-OTCQB] recently raised $3 million from an oversubscribed private placement consisting of 15 mil- lion common shares priced at 20 cents per share. The company said it intends to use net proceeds of the offering to continue resource expansion drilling, including underground and surface exploration it its flagship San Marcial property in Mexico. Goldplay has successfully consoli- dated a district-sized portfolio, owning over 250 km 2 of mineral concessions in the historic Rosario gold-silver mining district in Sinaloa State, Mexico. San Marcial consists of a 1,250-hectare land package located south of the La Rastra and Plomosas historic mines. San Marcial is a near-surface, high-grade silver, lead and zinc open pit amenable project. It hosts an Indicated Resource of 36 million silver equivalent ounces (an incorrect figure was used in Resource World Oct- Nov), plus 11 million silver equivalent ounces of Inferred Resources. Goldplay has reported its maiden drilling results at the Nava gold target within the San Marcial Project. Drilling tested the new epithermal-style vein sys- tem encountered in the company's 2019 surface exploration near the west end of the 1.5-km long San Marcial mineralized corridor. Four diamond drill holes were completed, two in each of the main vein prospects exposed by artisanal workings. Assay results from the Nava diamond drill program include 2.35 g/t gold over 0.95 metres, 8.94 g/t gold over 0.10 metres as well as 0.20 g/t gold and 1,377 g/t silver over 0.15 metres. In 2019, a series of surface trenches identified gold mineralized zones, including intervals up to 24 metres of 2.11 g/t gold. The recent drill results confirm the presence of a continuous, well-define mineralized zone down dip and along strike. MINING LEFT: Aurania Resources is exploring the Lost Cities-Cutucu Project in southeastern Ecuador. They have found vestiges of an old road that may be related to the two colonial Spanish gold mines that operated between 1565 and 1606. Photo courtesy Aurania Resources Ltd.