Bonterra Resources discovers high-grade gold mineralization at Moss target on Phoenix JV project under Osisko Mining's earn-in agreement.

Bonterra Resources Inc. announced additional drill results on its Phoenix JV project, formerly known as the Urban-Barry Property, revealing high-grade Lynx-type mineralization at depth at the Moss target. This includes samples with up to 38.3 g/t Au over 1.1 meters and 7.37 g/t Au over 4.2 meters. These discoveries are under a definitive earn-in and joint venture agreement with Osisko Mining Inc., where Osisko has the right to acquire up to a 70% interest in the project by spending $30 million over three years.

August 06, 2024
5 Articles