Bonterra Res Stock Price, News & Analysis

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced that Urbana is initiating a 4,150-meter winter drilling program on the Urbana property, which is adjacent to Bonterra's Moss target on the Phoenix JV with Gold Fields

The Urbana property is strategically located along the regional Mazères Fault, the main structural corridor hosting the Barry deposit (0.689 million ounces in Measured and Indicated categories, plus 0.689 million ounces in Inferred category). Recent drilling at the Moss Target has revealed high-grade gold mineralization similar to the Lynx Zone at the Windfall project.

The Urban-Barry camp has already yielded nearly 10 million ounces of gold discoveries across the Windfall, Barry, and Gladiator deposits, yet remains underexplored with potential for additional discoveries.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced new security-based compensation grants effective December 23, 2024. The company granted 300,000 restricted share units (RSUs) to one officer, which will vest over a one-year period under the company's Omnibus Equity Incentive Compensation Plan. Additionally, another officer received 750,000 stock options that vest immediately and can be exercised at $0.225 per share over a five-year period from the grant date.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced initial assay results from its 4,761-meter diamond drilling campaign at the Desmaraisville South Project. The campaign, consisting of 16 diamond drill holes, discovered four new mineralized zones within 5 km of the company's Bachelor Mill Complex.

Key highlights include:

• 1.13 g/t Au over 16.0 m, including 2.02 g/t Au over 6.0 m
• 5.30 g/t Au over 1.4 m, including 18.39 g/t Au over 0.4 m
• 2.58 g/t Au over 6.0 m, including 4.50 g/t Au over 3.2 m
• 0.59 g/t Au over 22.3 m, including 3.17 g/t Au over 2.4 m

The drilling campaign focused on testing new targets based on 2024 fieldwork observations, follow-up on previous promising results, new geophysical IP targets, and the near-surface extension of the Hewfran gold mineralized zone.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has completed a non-brokered private placement, selling 2,722,391 flow-through units at $0.40 per unit for gross proceeds of $1,088,956.40. Each unit includes one flow-through share and half a warrant, with each full warrant exercisable at C$0.31 until December 12, 2026.

The offering attracted key investors including SIDEX, a mineral exploration investment fund, and Wexford Capital. The proceeds will fund Canadian exploration expenses and utilize VRIFY's AI tools for exploration work at the company's Desmaraisville property, which hosts the Bachelor Mill. Quebec residents will be eligible for an additional 20% tax deduction. Company insiders participated by acquiring 548,478 units.

Bonterra Resources (BONXF) has announced additional assay results from the Moss target and the restart of drilling operations by Gold Fields at the Phoenix JV project. Under the JV Agreement, Gold Fields can acquire up to 70% interest by spending C$30 million, with a minimum C$10 million yearly commitment over three years.

The Moss target drilling program revealed significant results, including 6.23 g/t Au over 2.8m and 12.3 g/t Au over 0.5m. Over 60,000 meters have been drilled, with approximately C$16 million spent on the Project this year.

Gold Fields is planning a 20,000 meters drill program with three to four drill rigs, focusing on the Barry Shear Zone near the Gladiator deposit, which contains 0.4 million ounces of Measured and Indicated resources and 1.0 million ounces of Inferred resources.

Bonterra Resources has extended its marketing agreement with Westlake Capital, a Zurich-based marketing firm. Westlake will provide non-exclusive marketing and investor relations services, including investor outreach, organizing meetings, news distribution, marketing campaign assistance, and market intelligence. The agreement spans six months with a monthly fee of GBP 4,500, not exceeding CAN$49,000 total. Westlake, operating at arm's length from Bonterra, owns no securities or interests in the company.

Bonterra Resources has engaged ICP Securities Inc. to provide automated market making services, including the use of its proprietary algorithm, ICP Premium™. The agreement, starting November 11, 2024, is for an initial four-month term with automatic monthly renewals unless terminated with 30 days notice. Bonterra will pay ICP a monthly fee of C$7,500 plus taxes. ICP's market making activities will focus on correcting temporary supply and demand imbalances in Bonterra's shares, with ICP bearing all trading costs. The agreement contains no performance factors or additional compensation.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced its participation in the upcoming 121 Mining Investment Conference in London on November 14-15. President and CEO Marc-Andre Pelletier and Executive Chairman Cesar Gonzalez will present the company's recent and planned activities. The conference will feature over 150 mining companies and more than 500 investors, offering pre-arranged one-on-one meetings and expert commentary on industry developments. Investors can register for free attendance.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) congratulates Gold Fields on its C$2.16 billion acquisition of Osisko Mining Inc. The all-cash transaction, approved by Osisko Mining shareholders on October 17, 2024, is expected to close around October 25, 2024. Upon closing, Gold Fields will become the Operator of the Phoenix JV project in the Urban-Barry camp near the Windfall gold deposit.

Under the existing earn-in and joint venture agreement, Gold Fields can acquire up to 70% interest in the Project by investing C$30 million in work expenditures over three years. Since November 2023, Osisko Mining has drilled 60,000 meters and invested over C$15 million, leading to a significant discovery at the Moss target with high-grade mineralization similar to the Windfall-Lynx Zone.

Bonterra's Executive Chairman, Cesar Gonzalez, expressed enthusiasm about partnering with Gold Fields, a global gold producer, and the potential for new discoveries near the future Windfall mine.