Bonterra Resources Reports Exploration Updates and Corporate News

Bonterra Resources Inc. provides exploration and corporate updates on its Desmaraisville South and Phoenix JV Projects. The Phoenix JV Project is led by a subsidiary of Gold Fields Ltd, with a $30 million work expenditure commitment. Over 65,000 meters have been drilled, with $20 million invested. The exploration program includes drilling, prospecting, and soil sampling, with a 15,000 meter drilling campaign set to begin this week.

Bonterra Resources Inc. (OTCQX: BONXF) has provided significant updates on its exploration activities at two key projects: Phoenix JV and Desmaraisville South. The Phoenix JV Project, led by a subsidiary of Gold Fields Ltd, has seen over 65,000 meters drilled with approximately $20 million invested, as per the latest press release [1].

The exploration program at Phoenix JV includes drilling, prospecting, and soil sampling, with a 15,000-meter drilling campaign set to begin this week. Marc-André Pelletier, President and CEO, commented that the exploration program has provided valuable insights and that drilling programs are now underway [1].

At Desmaraisville South, drilling is currently underway with approximately 2,500 meters drilled at Hewfran and Mistik targets. The company plans to complete a 10,000 to 12,000-meter drill program by year-end, with targets selected using the VRIFY's AI-Assisted Mineral Discovery Platform known as DORA [1].

Following a C$10.5 million private placement, the company has clarified that 2,509,109 non-transferable broker warrants were issued, not the previously disclosed 2,509,108 [1].

The article provides a comprehensive overview of Bonterra's exploration activities, highlighting the progress made and the upcoming campaigns. It is essential for investors to stay informed about such developments, as they can significantly impact the company's future prospects.

References:
[1] https://www.stocktitan.net/news/BONXF/bonterra-provides-exploration-and-corporate-desw790w7mfu.html