Resource World Magazine

46 www.resourceworld.com J U N E / J U L Y 2 0 1 7 MINING BONTERRA RESOURCES [BTR-TSXV; BONXF-OTC; 9BR-FSE] is a well-financed junior with two quality gold projects in pro- lific mining jurisdictions in Québec and Ontario. The Gladiator deposit lies on BonTerra's East Arena gold property in the Urban- Barry Greenstone belt 170 km northeast of Val d'Or, Québec. The Larder Lake Project hosts the past-producing Bear and Cheminis gold mines on the Cadillac-Larder Break structure between Kirkland Lake and Virginiatown, northeast Ontario. The company is focused on the Gladiator deposit which hosts an inferred resource of 905,000 tonnes grading 9.37 g/t gold (or 273,000 oz contained gold), based on a 4 g/t gold cut-off grade. This resource estimate was completed in 2012 by Snowden Mining Consultants. The gold is hosted in multiple, steeply-dip- ping, sub-parallel mineralized zones (five identified to date) and all remain open for expansion along strike and to depth. In late March, Kinross Gold [K-TSX; KGC-NYSE] acquired a 9.5% stake in BonTerra through a $5.2 million strategic invest- ment at a price of $0.35 per share. BonTerra is in the midst of an aggressive 40,000-metre drill program, utilizing four drill rigs to expand mineralization at the Gladiator deposit. The mineralized zone at Gladiator is described as a highly silicified and altered sheared mafic volcanic with local intrusions of syenite and quartz porphyry. Smoky quartz veining also occurs locally containing the bulk of the mineralization and free gold. The most recent drill results were tabled at the end of March and identified additional high-grade, near surface gold zones on the west side of the Rivage Gap extension. Hole BA-17-05 hit two new horizons near surface as well as the Foot Wall Zone (FW), Intrusive and Main horizons. Two new zones were outlined between 20 metres and 50 metres below sur- face, specifically: • 12.0 metres grading 1.1 g/t gold in a mineralized felsic porphyritic intrusive host. • 5.0 metres grading 23.6 g/t gold in a shear hosted vein with vis- ible gold. The FW Zone produced a very high-grade intersection consist- ing of 6.0 metres averaging 41.0 g/t gold, including a 1.6-metre interval averaging 147.9 g/t gold. Follow up drilling is planned to test anomalies and targets recently generated by ground geo- physical and geochemical till sampling programs. The Gladiator deposit is currently outlined to a depth of 800 metres below surface and along a strike length of 1,200 metres. Mineralization remains open in all directions with drilling cur- rently focused on the Deep East Zone, the Rivage Gap western side, Rivage Gap infill and a potential Coliseum exploration. "Our technical team continues to intersect significant drill results and, in addition, has uncovered new zones in and around the Gladiator gold deposit," commented Nav Dhaliwal, President and CEO of BonTerra. "We are focused on completing our resource development program in 2017 and delivering an updated geological model that will substantially increase the contained ounces at the Gladiator gold deposit." The Gladiator deposit is situated along a splay structure off one of the major shear zones that crosses the greenstone belt. The com- pany refers to this mineralized structure as the Spartacus Trend. BonTerra holds four properties in the area: West Arena, East Arena, Coliseum and the recently optioned Trove property. All of these properties are contiguous or in close proximity to each other and cover three mineralized shear structures referred to as; the Spartacus, the Crixus and the Gannicus trends. The company reports that all of these trends may host prospective mineralization. At the Larder Lake property, the Bear and Cheminis historic gold mines lie along a 9 km stretch of the Cadillac-Larder break. These past-producing gold mines host a historic resource estimate that contain an indicated resource of 43,800 ounces gold (335,000 tonnes averaging 4.07 g/t gold) and an inferred resource containing 5.1 million tonnes averaging 5.55 g/t gold. These estimates are con- sidered historic in nature and should not be relied upon. These mines saw production and development down to 1,085 feet (330 metres) with two shafts and underground workings. Over 100,000 metres of historic diamond drilling was completed and min- eralization remains open for expansion down plunge and down dip. BonTerra is in the process of using the historic underground records and drill logs to update the geological interpretation of the mineralization and table a new NI 43-101 compliant resource. The company intends to commence a drill program later this year to expand known resource. BonTerra has a market capitalization of about $64 million with 161.5 million shares outstanding. n BonTerra aggressively poking holes into Gladiator by Thomas Schuster

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