Bonterra Provides Exploration and Corporate Updates

Core Insights - Bonterra Resources Inc. is advancing exploration at its Desmaraisville South and Phoenix JV Projects, with significant drilling and sampling activities underway [1][3][5] Exploration Updates at Phoenix JV - The exploration program at the Phoenix JV, led by Gold Fields, includes a 15,000 m drilling campaign starting with one drill rig mobilized on the Duke NE target [2][5] - Over 65,000 m have been drilled to date, with approximately C$20 million invested under the joint venture agreement [1] - Prospecting and mapping activities have been conducted at various targets, including Gladiator SW and Titan, alongside a completed airborne gravimetric survey [2][4] Exploration Updates at Desmaraisville South - Drilling at Desmaraisville South has commenced, with approximately 2,500 m drilled at the Hewfran and Mistik targets [7] - A planned drill program of 10,000 to 12,000 m is expected to be completed by year-end, utilizing AI-assisted mineral discovery technology [7] Corporate Updates - The company successfully closed a brokered private placement for proceeds of $10.5 million, with 2,509,109 non-transferable broker warrants issued [9] - Bonterra's assets include significant gold deposits, totaling 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category [11]