Bonterra Resources Inc (CVE:BTR) has unveiled high-grade drill results from work at the Moroy project in Quebec.
The Moroy deposit is a parallel system to the Bachelor mine and shows similarities with Bachelor in terms of geology, geometry, size and continuity.
Bonterra is aiming to update the NI 43-101 mineral resource estimate at the property.
The latest highlight assays show 4.9 g/t (grams per ton) over 14.3 metres on one hole, and there was an intercept of 7.9 g/t of the yellow metal over 12.1 metres in another.
Another hole showed 15.5 g/t gold over 4.1 metres.
Moroy lies 1 km south of Bachelor and has been outlined over a strike length of 400 metres and a vertical extent of 600 metres.
The mineralized zones consist of hematized brecciated stockwork associated with pyrite.
Bonterra controls three high-grade gold deposits named Gladiator, Barry and Moroy and also has significant regional targets in Quebec.
It also owns 100% of the Urban-Barry Mill, the only permitted gold mill in the region.
Shares nudged up around 1% in Toronto to $1.96 each.
Contact Giles at [email protected]