Fortified by money and high grades, BonTerra Resources plans up to 40,000 metres for Gladiator’s current program.
With a goal of demonstrating continuity along a 1.2-kilometre potential strike—and maybe stealing some of Osisko Mining’s (TSX:OSK) Urban Barry glory—BonTerra Resources TSXV:BTR released another batch of high-grade assays May 16. Results so far show the Gladiator deposit open in all directions but much of the drilling has focused on closing its gap with the Rivage zone to the west.
Intercepts released for the Rivage gap’s four zones show:
-- 9.5 g/t gold over 4.2 metres, starting at 88.8 metres in downhole depth, North zone
-- 10 g/t over 4 metres, starting at 233 metres, Footwall zone
-- 1.4 g/t over 25 metres, starting at 272 metres, Porphyry/Main zone
-- (including 3.6 g/t over 3 metres)
-- 12 g/t over 3 metres, starting at 355 metres, Main zone
-- 7.5 g/t over 1 metre, starting at 210 metres, North zone
-- 8 g/t over 1 metre, starting at 264 metres, Mid zone
-- 6.4 g/t over 1.8 metres, starting at 300.2 metres, Footwall zone
-- 3.4 g/t over 5.7 metres, starting at 390 metres, Main zone
-- 9 g/t over 1.8 metres, starting at 67 metres, Footwall zone
-- 5.6 g/t over 1.5 metres, starting at 177.5 metres, North zone
-- 8.4 g/t over 3.5 metres, starting at 198.5 metres, Footwall zone
-- 5.2 g/t over 2.5 metres, starting at 212.5 metres, Mid zone
´-- 5.3 g/t over 2 metres, starting at 237 metres, Main zone
True widths were estimated between 60% and 80%.
Continued high grades add to the anticipation of an update to Gladiator’s 2012 resource, which used a 4 g/t cutoff to show an inferred 905,000 tonnes averaging 9.37 g/t for 273,000 ounces gold.
With up to 40,000 metres planned for this campaign, drilling has so far hit multiple high-grade intercepts between Gladiator and Rivage, confirmed over one kilometre in strike for each of the Main and Footwall zones, and sought extensions of the Gladiator deposit to 850 metres in depth and 1.2 kilometres in strike, BonTerra stated. Drilling also focuses on the Deep East zone “and within large gaps or voids with currently little drill information” on the 8,126-hectare property.
In late March the company took out a 100% option on Durango Resources’ (TSXV:DGO) Trove property, which BonTerra described as a direct extension of its Gladiator/Coliseum southwest mineralized trend.
A few days earlier the company gained another large cash injection, this one a $5.2-million private placement that gave Kinross Gold TSX:K an approximately 9.5% stake in BonTerra. That followed nearly $15 million raised over February and March with the participation of Sprott Capital Partners.
BonTerra also holds the 2,165-hectare Larder Lake gold project in Ontario’s Cadillac-Larder Lake fault zone, where drilling’s planned to bring historic, non-43-101 resources for two zones up to date.