Bonterra Resources Announces First Gold Sale from its Bachelor Mill Cleanup
Bonterra Resources Announces First Gold
Sale from its Bachelor Mill Cleanup
Val-d'Or, Quebec--(Newsfile Corp. - August 9, 2023) -
Bonterra Resources Inc. (TSXV: BTR)
(OTCQX: BONXF) (FSE: 9BR2)
("
Bonterra
" or the "
Company
") is pleased to report that the Bachelor
Mill cleanup process has recovered 630 ounces of gold to date generating revenue of CAN$1.6 million.
Gold recovery efforts continue at the mill and the Company expects additional revenue in the coming
months.
Marc-André Pelletier, President and CEO commented: "I would like to thank Bonterra's employees that
are diligently working on the Bachelor Mill cleanup, especially after being evacuated on more than one
occasion this summer due to forest fires. The next gold shipment is expected in Q4, and when combined
with the 630 ounces already sold, revenue from the mill cleanup is expected to offset the majority of the
Company's exploration activities through the end of 2023. Importantly, the Company is currently working
on an updated exploration program with the objective of testing the extension of mineral resources near
the Barry, Gladiator and Bachelor deposits."
Qualified Person
Marc-André Pelletier, P.Eng., (OIQ # 113978) President and CEO of the Company has verified and
approved the information contained in this press release. Mr. Pelletier is a qualified person as defined
by National Instrument 43-101 on standards of disclosure for mineral projects.
About Bonterra Resources Inc.
Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets
anchored by a central milling facility in Quebec, Canada. The Company has four main assets, Gladiator,
Barry, Moroy, and Bachelor that collectively have a total of 1.24 million ounces in Measured and
Indicated categories, and 1.78 million ounces in Inferred category.
Importantly, the Company owns the
only permitted and operational gold mill in the region.
Bonterra is focused on graduating from advanced
exploration to a development company to deliver shareholder value.
FOR ADDITIONAL INFORMATION
Marc-André Pelletier, President & CEO
2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9
819-279-9304 | Website:
www.btrgold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Caution regarding forward-looking statements
This press release contains "forward-looking information" that is based on Bonterra's current
expectations, estimates, forecasts, and projections. This forward-looking information includes, among
other things, statements with respect to Bonterra's plans to continue cleaning up the Bachelor Mill and
recovering gold. The words "will", "anticipated", "plans" or other similar words and phrases are intended
to identify forward-looking information. This forward-looking information includes namely information with
respect to the planned exploration programs and the potential growth in mineral resources. Exploration
results that include drill results on wide spacings may not be indicative of the occurrence of a mineral
deposit and such results do not provide assurance that further work will establish sufficient grade,
continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral
resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has
been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will
result in the targets being delineated as mineral resources. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level
of activity, performance, or achievements to be materially different from those expressed or implied by
such forward-looking information. Such factors include but are not limited to: uncertainties related
exploration and development; the ability to raise sufficient capital to fund exploration and development;
changes in economic conditions or financial markets, environmental and other judicial, regulatory,
political, and competitive developments; technological or operational difficulties or inability to obtain
permits encountered in connection with exploration activities; and labour relations matters. This list is not
exhaustive of the factors that may affect our forward-looking information. These and other factors should
be considered carefully, and readers should not place undue reliance on such forward-looking
information.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/176536