Bonterra Resources (TSXV:BTR) - JV with Osisko and Cash for Bachelor Exploration

Interview with Marc-Andre Pelletier, President & CEO of Bonterra Resources Inc.Our previous interview: https://www.cruxinvestor.com/posts/bonterra-resources-tsxvbtr-unlocking-value-in-high-grade-gold-camp-3914Recording date: 28th September 2023Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR2) is a Canadian gold exploration and development company focused on advancing its projects in Quebec's Urban-Barry mining camp. Bonterra's main assets include the Gladiator, Barry and Bachelor-Desmaraisville projects, which together host over 3 million ounces of gold resources. The flagship Gladiator project contains 391,000 ounces of gold at 8.61 g/t in the Measured and Indicated category and 989,000 ounces at 7.37 g/t Inferred. The Barry project hosts 165,000 ounces at 2.68 g/t open pit and 524,000 ounces at 5.12 g/t underground in the Measured and Indicated category, with 688,000 ounces at 4.90 g/t Inferred underground. The Bachelor-Desmaraisville project contains 160,000 ounces at 5.58 g/t in the Measured and Indicated category and 104,000 ounces at 5.31 g/t Inferred.Bonterra is focused on advancing its Barry open pit project to production first given its robust economics outlined in a 2022 Preliminary Economic Assessment ("PEA"). The PEA considers an 800 tonne per day operation with average annual production of 51,000 ounces over a 7 year mine life. At a gold price of $1,600/oz, the Barry open pit project demonstrates an after-tax NPV of C$140 million and an IRR of 37% with a 1.6 year payback period.Bonterra continues to explore regional targets through its extensive land package to make new discoveries and build on its resource base. The company recently announced a C$30 million exploration earn-in agreement with Osisko Mining on its Urban-Barry property and adjoining claims. This partnership will accelerate exploration activities across the highly prospective Urban-Barry camp.With its substantial gold resources, existing mill infrastructure, and strategic partnerships, Bonterra Resources is well positioned to continue advancing its portfolio of assets in Quebec to create value for shareholders. The near-term focus remains on de-risking Barry to a construction decision while also testing exploration targets that could drive further growth.View Bonterra Resources' Company Profile: https://www.cruxinvestor.com/companies/bonterra-resourcesSign up for Crux Investor: https://cruxinvestor.com