Gold mid-tiers’ Q3 2024 fundamentals
All-time-high gold prices combined with relatively-contained costs catapulted unit earnings to another epic record.
BonTerra Resources Inc. (TSX.V: BTR; FSE: 9BR) (the “Company”, “BonTerra”) is in receipt of gold assays for an additional four (4) drill holes on the Eastern Extension Gold Project (“the Property”). Hole BA- 11-23 assayed 8.95 grams/tonne (“g/t”) gold (0.26 Oz/ton) over 6.2 metres (20.46 Feet). Gold is concentrated in mineralized and altered quartz veins. Visible gold was observed in two samples in BA-11-23. The highest grade sample in this hole assayed 42.6 g/t and corresponded to a sample with fifteen (15) visible gold specks. Significant gold values are shown in table 1 below.
Mitchell Adam, President, states, “BonTerra is pleased to see the gold zones be proven larger with additional drilling. Intercepting veins bearing visible gold is rewarding and a result of the hard work by our geological team. BonTerra continues drilling with the intent of conducting the first ever NI 43-101 compliant resource calculation on the property.”
The Company has drilled 32 holes on this property to date and is awaiting assays from three (3) additional holes drilled to expand the peninsula zone to the west. This zone assayed 14.00 metres of 8.01 g/t gold (0.23 Oz/ton) including 3.33 metres of 27.60 g/t (0.81 Oz/ton) in BA-11-05 as reported on February 17, 2011.
Read the full news release here.
