Bonterra Commences 2024 Drilling Campaign at Its 100% Owned Desmaraisville South Project Page 1

Val-d’Or, Quebec–(Newsfile Corp. – August 27, 2024) – Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) (“Bonterra” or the “Company“) Bonterra Corp. announces the commencement of a diamond drilling program at its 100% owned Desmaraisville South project. Several potential geological, geophysical and drill targets have been identified during the year and have been prioritized following fieldwork conducted by Bonterra’s geology team this past summer (see Figure 1 for drill target locations). A drill rig has been mobilized to the site and the Company plans to drill 4,000 to 6,000 meters (“M“) before the end of the year. Please refer to the press releases dated May 16, 2024, February 27, 2024, February 5, 2024, December 14, 2023 and December 4, 2023 for exploration updates on the Desmaraisville North and South projects and the surrounding area.

Marc-André Pelletier, President and CEO, commented: “The commencement of exploration at our 100% owned Desmaraisville South project follows diligent efforts by our geologists to design an optimal drilling program targeting several promising areas. Our primary objective for this campaign is to discover new mineralized lenses within 15 kilometers of the Bachelor Mill Complex. In parallel, the Company is considering an update to the 2021 Mineral Resource Estimate (the “2021 MRE“) for the Barry and Gladiator deposits (see June 23, 2021 press release). Since the 2021 MRE, Bonterra has completed over 100,000 m of diamond drilling in and around the Barry and Gladiator deposits. This exploration comes amid a favorable gold price rally, which was assumed at US$1,600 per ounce in the 2021 MRE.

Compilation work continues at our Phoenix JV following the completion of a 60,000 m drilling campaign in July. Drilling activities are expected to resume later this year with Gold Fields as operator of the Phoenix JV.”

Figure 1: Desmaraisville South Project, potential drill targets

For an improved version of this image, go to:
https://images.newsfilecorp.com/files/1528/221136_621b46b5f4812a08_001 …

Qualified person

Mr. Donald Trudel, P.Geo. (OGQ # 813), Director Geology for the Company, oversees all exploration activities at the Desmaraisville Property and has prepared and approved the information contained in this press release. Mr. Trudel is a Qualified Person as defined by National Instrument 43-101 on Disclosure Standards for Mineral Projects.

Diskutieren Sie über die entaltenen Werte