Bonterra Resources Inc. reports exploration and development updates for a Québec gold portfolio anchored by a central milling facility. News for BONXF commonly covers NI 43-101 mineral resource estimates and technical reports for the Barry, Gladiator, Bachelor, and Moroy deposits, drilling plans at Desmaraisville South, and work at the Phoenix joint venture with Gold Fields.
Company updates also address permitting for the Bachelor Mill and tailings capacity, use of exploration technologies such as hyperspectral core scanning, responsible mineral exploration certification, security-based compensation, and tax matters tied to prior flow-through share financings.
Bonterra (OTCQX: BONXF) outlined its 2026 exploration program at the 100% owned Desmaraisville South Project, planning a 10,000–12,000 m diamond drill campaign starting mid‑April and additional field programs to finish by year‑end. Key work includes deep drilling near the O'Brien intrusive to ~900 m, core resampling, a 3D inversion of 2023 gravity data, hyperspectral scanning of 20,000 m of core, and permitting to expand Bachelor Mill throughput.
Bonterra (TSXV: BTR / OTCQX: BONXF) filed an NI 43-101 technical report effective February 18, 2026 supporting the Mineral Resource Estimates for the Barry and Gladiator deposits.
The Report was independently prepared by P&E Mining Consultants and is available on the company's website and on SEDAR+. Qualified Person M. Donald Trudel, P.Geo. reviewed and approved the technical information.
Bonterra (OTCQX: BONXF) reported updated 2026 Mineral Resource Estimates for its 100% owned Bachelor and Moroy deposits at Desmaraisville, effective Feb 18, 2026.
Combined Measured & Indicated resources total 228 koz at 3.98 g/t Au (1.78 Mt); Inferred resources total 133 koz at 4.23 g/t Au (0.978 Mt). Resources increased 42% (M&I) and 28% (Inferred) vs 2021. All resources lie within 900 m of the Bachelor Mill. A C$5.0M unsecured credit facility was disclosed, with a previously announced C$100k commitment fee.
Bonterra (OTCQX: BONXF) reported 2026 Mineral Resource Estimates for the Barry and Gladiator deposits: 1.401 Moz Measured & Indicated at 2.90 g/t Au and 2.033 Moz Inferred/b at 4.32 g/t Au combined.Combined contained ounces rose 30% M&I and 21% Inferred versus 2021, driven by extensive 2021–2023 drilling and revised modelling, higher gold price assumptions, and a raised minimum mining width to 1.75 m.
Bonterra (OTCQX:BONXF) announced it received UL 2723 ECOLOGO Certification for mineral exploration, recognizing its ESG and responsible exploration practices, with support from AEMQ. The company also granted an aggregate of 545,000 RSUs to officers (one-year vesting) and 1,660,000 stock options exercisable at $0.18 for five years, vesting immediately.
The actions signal formal ESG recognition and security-based compensation to align management with shareholder interests.
Bonterra (OTCQX: BONXF) announced the 2026 Phoenix JV exploration program with Gold Fields, featuring an ~8,000 m deep-drill campaign at the Barry deposit and planned Barry camp upgrades.
Gold Fields may earn a 70% interest by spending C$30 million (minimum C$10M/year), expects to complete the earn-in by mid-2026, and has budgeted ~C$4 million for 2026 work. Barry has a 2021 MRE of 0.7 Moz Measured & Indicated and 0.7 Moz Inferred, is delineated over 1.4 km strike and 700 m vertical, and remains open at depth.
Bonterra (OTCQX: BONXF, TSXV: BTR) announced that the Canada Revenue Agency is completing a tax audit of the company's renunciations of Canadian exploration expenses (CEE) related to flow-through financings closed on Dec 13, 2019 and Oct 21, 2021 that raised approximately C$16.96 million. CRA intends to reclassify about C$11.05 million of previously renounced CEE, a position Bonterra disputes (CRA views the Moroy Deposit as an extension of the Bachelor Mine). CRA will notify subscribers of reassessments starting with the Dec 2019 financing; Bonterra has indemnified subscribers under the subscription agreements. The company estimates a maximum aggregate exposure, including interest, penalties and Part XII.6 tax, of about C$9.5 million, with initial reassessment liability nearer C$3.0 million, and expects to record the liability in its FY2025 financial statements.
Bonterra Resources (OTCQX: BONXF) is advancing a 3 million ounce gold portfolio and moving drill rigs across Quebec projects.
Key points: a joint venture with Gold Fields at the Phoenix JV in the Abitibi Greenstone Belt is active, with two drill rigs running as part of a 15,000 m 2025 program. Bonterra also has one rig on its 100% owned Desmaraisville property, where it plans a 10,000–12,000 m program this year.
Bonterra Resources (OTCQX: BONXF) announced discovery of an extension to the Hewfran Zone at the 100%‑owned Desmaraisville South Project, adjacent to historical Bachelor Mine workings and within 500 m of the Bachelor Mill Complex.
Key facts: drill highlights include 2.78 g/t Au over 4.7 m (BRDS‑25‑076), 2.54 g/t Au over 8.0 m (BRDS‑25‑077) and 1.32 g/t Au over 17.0 m (BRDS‑25‑092). To date, 22 holes (5,658 m) completed in a 10,000–12,000 m 2025 program; 1,148 assays pending. Historic Bachelor production exceeded 350,000 oz at 5.0 g/t Au, supporting a potential low‑cost restart using existing infrastructure.
Bonterra Resources (OTCQX:BONXF) has provided updates on its exploration activities at two key projects. At the Phoenix JV Project, where Gold Fields has invested approximately C$20 million to date under a C$30 million earn-in agreement, over 65,000 meters have been drilled. A new 15,000-meter drilling campaign is set to begin with initial focus on the Duke NE target.
The company has completed an airborne gravimetric survey and conducted extensive B-horizon soil sampling and prospecting activities at Phoenix JV. At Desmaraisville South, Bonterra has drilled approximately 2,500 meters at Hewfran and Mistik targets, with plans to complete 10,000-12,000 meters by year-end. The company also clarified that 2,509,109 non-transferable broker warrants were issued in connection with its recent C$10.5 million private placement.