Bonterra Announces Additional Assay Results from Moss Target and Restart of Drilling by Gold Fields at Phoenix JV

Core Points - Bonterra Resources Inc. announced additional assay results from the Moss target and the restart of drilling by Gold Fields at the Phoenix JV project, which is under a joint venture agreement with Osisko Mining Inc. [2][15] - Gold Fields can acquire up to a 70% interest in the project by spending C$30 million, with a minimum annual commitment of C$10 million over three years [2][15] - Recent drilling at the Moss target has revealed high-grade mineralization, with significant results including 38.33 g/t Au over 1.1 m and 7.37 g/t Au over 4.2 m [4][5] Additional Assay Results - Over 60,000 meters have been drilled at the Moss target, with approximately C$16 million spent this year by Osisko under the joint venture agreement [4] - Notable assay results include: - 6.23 g/t Au over 2.8 m, including 18.1 g/t Au over 0.9 m in hole OSK-PHX-24-112 - 12.3 g/t Au over 0.5 m and 3.97 g/t Au over 3.4 m in hole OSK-PHX-24-073 - 7.50 g/t Au over 0.9 m, including 20.9 g/t Au over 0.3 m in hole OSK-PHX-24-106 [5] Drilling Plans by Gold Fields - Gold Fields is planning a potential 20,000 meters drilling program, with three to four drill rigs mobilized primarily along the Barry Shear Zone [6][7] - The program will target several areas, including the Gladiator SW and NE/Titan targets, which are adjacent to the Gladiator deposit containing 0.4 million ounces of Measured and Indicated Mineral resources and 1.0 million ounces of Inferred Mineral resources [7]