03:48:10 EDT Mon 29 Apr 2024
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or Name
USA
CA



Bonterra Resources Inc (3)
Symbol BTR
Shares Issued 126,195,500
Close 2023-07-19 C$ 0.26
Market Cap C$ 32,810,830
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Bonterra Resources to resume exploration in Quebec

2023-07-19 17:17 ET - News Release

Mr. Marc-Andre Pelletier reports

BONTERRA RESOURCES PROVIDES CORPORATE UPDATE

Bonterra Resources Inc. has provided an update on the forest fires situation in the Eeyou Istchee James Bay territory, where the company's projects and processing infrastructure are located. The Ministere des Ressources Naturelles et des Forets (MRNF) has authorized access to the forests and roads, consequently, exploration activities can restart. The company will resume its activities gradually while following all guidelines in force.

Also, following the annual general meeting of the company, the board of directors has appointed Normand Champigny as lead independent director of the board.

Marc-Andre Pelletier, president and chief executive officer, commented: "We would like to thank the firefighters who are fighting the forest fires that forced the stoppage of our operations since early June. Fortunately, the Barry and Gladiator camps and the Bachelor mill complex were not damaged by the fires. Exploration work will resume soon as will as the cleaning and recovery of gold at the Bachelor mill, which is expected to produce a first shipment to the refinery towards the end of the month. On behalf of the board, I would like to thank Normand for having accepted the role of lead independent director."

About Bonterra Resources Inc.

Bonterra is a Canadian gold exploration company with a large portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The company has four main assets, Gladiator, Barry, Moroy and Bachelor, that collectively have a total of 1.24 million ounces in measured and indicated categories, and 1.78 million ounces in inferred category. Importantly, the company owns the only permitted and operational gold mill in the region. Bonterra is focused on graduating from advanced exploration to a development company to deliver shareholder value.

We seek Safe Harbor.

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