Indigenous group says no one consulted them on Seabridge’s KSM project
The Tsetsaut Skii km Lax Ha Nation wants the province to declare that it failed to fulfill its duty to consult with them.
Bonterra Resources (TSXV: BTR) shares jumped on Monday after the company announced an agreement with Osisko Mining for a joint venture agreement for Bonterra’s Urban-Barry properties, including the Gladiator and Barry deposits, as well as the Duke and Lac Barry properties in Quebec.
Under the terms of the agreement, Osisko will make a C$30 million investment over a three-year period, granting Osisko the opportunity to earn a 70% interest in these properties.
The Gladiator deposit has indicated resources of 1.41 million tonnes at 8.61 g/t, equivalent to 391,000 oz. gold, and inferred resources of 4.17 million tonnes at 7.37 g/t, representing 989,000 oz. gold.
The combined open pit and underground resource for the Barry deposit is estimated at 5.10 million tonnes measured and indicated at 4.21 g/t, totalling 690,000 oz. gold, plus 4.38 million tonnes inferred at 4.89 g/t, amounting to 688,000 oz. gold.
Currently, Bonterra holds a 70% stake in the Duke property, with Osisko owning the remaining 30%. The Lac Barry property is 85% owned by Bonterra and 15% owned by Gold Royalties Corp.
In total, these properties encompass 496 claims, spanning over 22,508 hectares.
By 12:10 p.m. EDT, Bonterra’s shares had surged by 19.4%. The company has a market capitalization of C$26.5 million ($19.7 million).
