Bonterra Resources Inc (OTCMKTS:BONXF) announced Thursday “positive results” from drilling at the Gladiator Deposit in Quebec.
The exploration company reported in a statement the extension of gold-bearing mineralized deposits. The results included the intersection of 40.2 grams of gold per tonne over 2 meters and 20.7 grams of gold per tonne 1.5 meters, according to Bonterra.
Bonterra added that it extended a newly discovered zone to the east with a drill intercept of 7grams of gold per tonne over 2 meters.
“These recent results continue to demonstrate that the Gladiator Deposit has yet to reveal its full potential,” Greg Gibson, interim CEO, said.
Separately, the company announced that it has appointed Anik Gendron as corporate secretary and that Robert Gagnon has resigned from the board of directors, effective immediately.
Earlier this week, the company announced that was moving its corporate headquarters to Val D'Or in Quebec and tapping James Fairbairn as chief financial officer.
Shares of Bonterra traded at C$1.98 in Wednesday’s Canadian trading. They slipped US$0.02 to US$1.50 on the OTC Markets.
Contact Dennis Fitzgerald at [email protected]