Mining Stock Daily Bonterra Resources Update on its Two Drill Campaigns Happening
Sep 15, 2025
Cesar Gonzales from Bonterra Resources shares exciting updates on their drilling campaigns in Canada’s Abitibi region. He highlights a significant 15,000-meter exploration at the Phoenix JV property and discusses the ongoing drilling at Desmaraisville South. Gonzales emphasizes Bonterra's strategic financial moves amid rising gold prices and the potential of new sites, including promising high-grade discoveries by partners. The insights into investment opportunities and joint ventures paint a vibrant picture of Bonterra's future in the gold mining sector.
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DeMeriville Drill Program And Infrastructure
- Bonterra launched a 10,000m drill program at its 100% DeMeriville property after a June financing and can expand to ~12,000m with extra cash.
- The site has an operational mill, camp, and historic production, positioning it for rapid resource definition.
Scale Of Combined Drilling Campaigns
- Gold Fields is restarting drilling at the Phoenix JV with a planned 15,000m campaign, while Bonterra's and Gold Fields' combined programs total ~25,000m.
- That combined activity creates a rare scale of exploration within a junior company at current gold prices.
JV Leverages Major Infrastructure
- The JV leverages major infrastructure like a new hydro line and a planned Gold Fields mill with tailings capacity, reducing CapEx and timelines for Bonterra's assets.
- Partnering provides a way to piggyback on world-class deposit development rather than bearing all processing costs alone.