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Bonterra Resources extremely pleased with recent drilling at Barry project

Assays announced Monday are from the group's diamond drilling campaign at the deposit

Worker sorting core
Getting to the core ... Bonterra has released Barry project drill assays

Bonterra Resources Inc (CVE:BTR) (OTCMKTS:BONXF) described itself as 'extremely' pleased with recent underground drilling at the Barry project in Quebec, where it has uncovered new high-grade gold mineralization in various zones.

Assays announced Monday are from the group's diamond drilling campaign at the deposit during the fourth quarter of 2018 and the first quarter of 2019.

READ: Bonterra Resources set to raise up to $30 million

Highlight assays included a bonanza 157.6 g/t (grams per ton) gold over 1.3 metres in one hole.

Another hole hosted 15.4 g/t of the yellow metal over 2.3 metres, while another threw up an intercept of 15.5 g/t gold over 4.5 metres.

The program consisted of 25 sub-horizontal drill holes totaling 7,548 metres and was successful in confirming the multiple gold zones using  20- to 30-metre drill spacings.

Most of the drill holes intersected gold mineralization where it was anticipated based on Bonterra's current models, the firm noted.

"We are extremely pleased with our recent underground drilling campaign at Barry which has proven to be a large success, attesting to the robust continuity and grade of the deposit," said Greg Gibson, interim CEO at Bonterra. "This new drilling data on the Barry deposit will be included in the upcoming property-wide resource estimate."

Significant regional targets 

Bonterra controls three high-grade gold deposits named Gladiator, Barry and Moroy and also has significant regional targets in Quebec.

Last month, it unveiled high-grade drill results from work at the Moroy project in Quebec.

Moroy is a parallel system to the Bachelor mine and shows similarities with Bachelor in terms of geology, geometry, size and continuity.

Bonterra shares eased 0.49% in Toronto to $2.04.

Quick facts: BonTerra Resources Inc

Price: 1.95 CAD

TSX-V:BTR
Market: TSX-V
Market Cap: $145.91 m
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