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BonTerra Resources Inc. (TSXV:BTR) announced that it’s entered into agreements with arm’s length vendors under which it will acquire the St-Cyr and West Lacroix Lake properties.
BonTerra Resources Inc. (TSXV:BTR) announced that it’s entered into agreements with arm’s length vendors under which it will acquire the St-Cyr and West Lacroix Lake properties. Both properties are located in Quebec, and adjoin the company’s West and East Arena properties; they also adjoin one of Oban Mining Corp.’s (TSX:OBM) properties.
As quoted in the press release:
The specific geology of the newly acquired properties is particularly prospective for gold exploration; being characterized by a thick overturned bimodal sequence of basaltic flows intercalated with felsic rhyolitic to mafic andesitic volcaniclastic rocks. The volcanoclastic sequence is intruded by both syn-volcanic post-volcanic intrusions.
Gold mineralization found to date in the area occurs in basalts, rhyolite and the volcano-sedimentary sequence. There are at least two styles of gold mineralization: sulphide replacement (generally pyrite) either as disseminations and stockworks of sulphide-rich fractures and classical native gold in quartz veins.
The Properties also cover a recently discovered alkaline carbonatite complex with interesting but as yet undetermined gold potential. Carbonatite-syenite alkaline complexes make excellent exploration environments, especially when embedded in gold bearing Archean greenstone belts.
Nav Dhaliwal, president and CEO of BonTerra, commented:
After reviewing key properties in the Urban Barry Gold Camp, these properties are strategically located and believed to potentially host the eastern extension of the known mineralized zones recently identified on the Gladiator Gold Project, as well as offering a new additional gold exploration environment.
Click here to read the full BonTerra Resources Inc. (TSXV:BTR) press release.