Welcome to our dedicated page for Bonterra Res news (Ticker: BONXF), a resource for investors and traders seeking the latest updates and insights on Bonterra Res stock.
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.
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Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) has announced its first gold sale from the Bachelor Mill cleanup process. The company has recovered 630 ounces of gold to date, generating revenue of CAN$1.6 million. Bonterra expects additional revenue in the coming months as gold recovery efforts continue at the mill.
CEO Marc-André Pelletier stated that the next gold shipment is expected in Q4, and the combined revenue from the mill cleanup is anticipated to offset the majority of the Company's exploration activities through the end of 2023. Bonterra is currently working on an updated exploration program to test the extension of mineral resources near the Barry, Gladiator, and Bachelor deposits.
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