Morning Briefing: Bonterra Resources Update Mineral Resource at Bachelor and Moroy

Gold opened sharply higher in the morning briefing, with the host citing June gold futures near $4,788/oz and silver around $75.87/oz as geopolitical risk premium in oil eases and capital rotates into havens. The desk takeaway is the same: gold is being bid on Iran-related uncertainty plus a softer dollar, and $4,800/oz is now the near-term level to watch as the next psychological test. On the company side, Bonterra Resources said updated resource estimates for its 100%-owned Bachelor and Moroy deposits in Quebec show 228,000 oz measured & indicated at 3.98 g/t and 133,000 oz inferred at 4.23 g/t. The update was framed as a 42% increase in M&I ounces, reinforcing that grade and resource growth remain live catalysts for junior gold names even as the broader macro backdrop is doing the heavy lifting for the metal itself. The transcript also mentioned Scorpio Gold’s stepout drilling at Manhattan in Nevada, where a 40.23m interval grading 1.02 g/t gold from 195m depth extended mineralization beyond the current footprint.