Acquisition:
2015 / 02 / 15
2012 / 12 / 07
2011 / 01 / 14
Agreement:
Royalty
Terms:
0.5% NSR
0.5% NSR
3.9% NSR
Moroy and Bachelor are greenstone hosted, structurally controlled alkalic-magmatic gold deposits located 225 km northeast of Val d’Or, Québec. The property contains the Bachelor Lake Mine, a historic underground gold mine that operated during the 1980’s and in 2004 underwent major renovations to the mine and mill infrastructure, including the installation of a carbon-in-pulp process plant.
The Bachelor Lake mine reached commercial production again in 2013 as a long-hole underground operation and the mined ore is processed at the Urban-Barry mill. The mill has a capacity of 800 tpd and has produced more than 210,000 ozs of gold since its commissioning. Gold recoveries have averaged between 96% and 98%. Bonterra plans to expand the Urban-Barry mill to increase its processing capacity to 2,400 tpd in order to accommodate ore from Moroy, Bachelor and Bonterra’s nearby Barry and Gladiator deposits.
The Moroy deposit is sub-parallel and south of the Bachelor deposit, dipping north towards the Bachelor trend. More than 65,000 metres of surface and underground drilling have been completed. A Mineral Resource estimate for Moroy was published in June 2021 and contains 651 kt grading 5.7 g/t for 118,000 ounces of gold in the Measured and Indicated category and 570 kt grading 5.4 g/t for 98,000 ounces of gold in the Inferred category, based on a cut-off grade of 2.4 or 3.0 g/t.
