Development

Moroy / Bachelor

Au
Bonterra Resources Inc.
Quebec

,

Canada

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. Development and drill programs are underway with more than 65,000 metres of surface and underground drilling completed to date. 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.

Recent Activity
  • November 2023

    The Bachelor mill cleanup has produced 1,346.5 oz of gold and along with the closing of a recent transaction, Bonterra has the funding to complete a 15,000 m drill campaign at the Desmaraisville property. The exploration focus is on high grade intercepts that were previously drilled but not followed up on and other regional exploration targets that have never been drilled.

  • September 2022

    After careful consideration and detailed analysis of the economic impact, the Bachelor/Moroy underground infrastructure will be put under long-term care and maintenance by early Q4 2022. However, the assay lab, camp, mill and the tailings management area remains unchanged and are key components of the planned re-start of production at the Barry open pit project. The permitting process for the mill and tailings management area expansion is still ongoing.

Use the link below to browse a list of available technical reports for the projects within Sandstorm’s portfolio. For the most up-to-date information on each project, please refer to the project operator or developer.

Investor Presentation

Download the latest Investor Presentation to learn why Sandstorm is a gold investment that stands out from the rest.

Download

Asset Handbook

With over 230 royalties acquired since 2009, we offer an exciting investment opportunity in a diverse portfolio of royalty assets. Discover all of Sandstorm’s royalties around the globe.

Download

Annual Report

Our 2023 Annual Report includes our annual Financial Statements and Management Discussion & Analysis and a letter from Sandstorm’s President & CEO.

Download

Sustainability Report

Learn more about Sandstorm’s approach to sustainability including our due diligence process, mining partnerships, and employee engagement.

Download