Vancouver, BC � January 31, 2012: BonTerra Resources Inc. (TSX.V: BTR; FSE: 9BR) (the �Company�, �BonTerra�) has received assays for the final drill holes from its 2011 drill program on its Eastern Extension gold property (the �Property�) situated in Quebec�s world famous Abitibi gold camp. BonTerra intercepted high grade gold up to 33.1 grams/tonne (�g/t�) at depths of over 600 metres down hole. Significant drill results are shown in table 1 and table 2 outlines the collar details.
These are the final assays that management anticipates will be included in a NI 43-101 compliant gold resource calculation for the Property to include all drilling completed by BonTerra in 2010 and 2011 on the Company�s Eastern Extension property.
BonTerra has identified a series of at least four roughly parallel mineralized quartz veins through drilling the Property. These veins strike for at least 550 metres. Management�s goal is to grow the strike both east and west during the upcoming phase 3 drill program.
Table 1: Table of significant assays
|
DDH
Number |
From
(metres) |
To
(metres) |
Length
(metres) |
Gold Grade
(g/t) |
Vein
System |
|
BA-11-36W |
481.00 |
506.00 |
25.00 |
1.18 |
High Grade |
|
Including |
495.00 |
500.50 |
5.50 |
4.58 |
High Grade |
|
Including |
495.00 |
496.00 |
1.00 |
1.68 |
High Grade |
|
Including |
499.80 |
500.50 |
0.70 |
33.10 |
High Grade |
|
BA-11-36W |
528.00 |
529.50 |
1.50 |
6.07 |
Vein 3 |
|
Including |
529.00 |
529.50 |
0.50 |
17.70 |
Vein 3 |
|
BA-11-36W |
652.00 |
664.30 |
12.30 |
1.64 |
Vein 4 |
|
Including |
652.00 |
655.40 |
3.40 |
3.50 |
Vein 4 |
|
Including |
652.00 |
653.00 |
1.00 |
10.50 |
Vein 4 |
|
Including |
663.50 |
664.30 |
0.80 |
10.00 |
Vein 4 |
|
BA-11-35 |
115.00 |
122.00 |
7.00 |
1.46 |
Main Vein |
|
Including |
116.00 |
118.00 |
2.00 |
2.55 |
Main Vein |
|
BA-11-35 |
132.00 |
137.00 |
5.00 |
0.99 |
Main Vein |
|
BA-11-35 |
218.00 |
219.00 |
1.00 |
1.05 |
Secondary |
|
BA-11-35 |
251.00 |
252.00 |
1.00 |
2.65 |
Secondary |
|
BA-11-35 |
301.40 |
302.50 |
1.10 |
2.15 |
Secondary |
|
BA-11-35 |
329.00 |
330.00 |
1.00 |
1.62 |
Secondary |
|
BA-11-35 |
404.50 |
406.00 |
1.50 |
1.51 |
Secondary |
|
BA-11-35 |
473.00 |
474.00 |
1.00 |
2.07 |
Secondary |
|
BA-11-35 |
487.00 |
490.50 |
3.50 |
0.91 |
Secondary |
|
BA-11-35 |
502.00 |
503.00 |
1.00 |
1.57 |
Secondary |
|
BA-11-35 |
517.50 |
524.60 |
7.10 |
1.07 |
Vein 3 |
|
Including |
524.00 |
524.60 |
0.60 |
10.00 |
Vein 3 |
|
BA-11-35 |
564.00 |
565.00 |
1.00 |
8.55 |
Vein 4 |
Thomas Clarke, Director states, �We are delighted that we continue to receive high grade drill results both shallow and deep. BonTerra is looking forward to receiving the first NI 43-101 compliant gold resource calculation for the Property later this quarter.�
Table 2: Collar Details for Drill Holes Discussed in this News Release
|
DDH
ID |
East
UTM NAD83 |
North
UTM NAD83 |
Elevation
(metres) |
Total
Depth
(metres) |
Azimuth
(degrees) |
Dip
(degrees) |
|
BA-11-28 |
456163.17 |
5428211.10 |
393.68 |
708.14 |
156.50 |
-48.93 |
|
BA-11-35 |
456143.50 |
5428182.93 |
392.00 |
666.52 |
174.02 |
-64.92 |
|
BA-11-36 |
456189.62 |
5428296.22 |
394.01 |
152.92 |
145.00 |
-72.30 |
|
BA-11-36A |
456189.00 |
5428300.00 |
394.01 |
470.40 |
145.00 |
-71.70 |
|
BA-11-36W |
456242.80 |
5428162.70 |
47.40 |
318.76 |
169.55 |
-61.92 |
Qualified PersonThis technical content of this press release has been reviewed and accepted by Thomas Clarke, Pr.Sci.Nat., a Director of BonTerra. Mr. Clarke is a Qualified Person under NI 43-101.
These are sample results, taken from mineralized intervals of the drill holes. Depths and lengths are core lengths and not true widths and possibly down dip at times or otherwise non perpendicular. True widths will become clear once the lake freezes allowing the Company to complete a series of drill holes collared on the ice drilling towards the north. Due to geographic limitations, management believes the Company must drill the Property in this way during the summer months. The gold intercepts disclosed in this news release are significant gold intercepts and not all the samples submitted for fire assay. Samples were submitted to AGAT Laboratories (�AGAT�) in Sudbury, Ontario for crushing, and pulverizing. Once the sample preparation is complete they are shipped to AGAT�s head office in Mississauga, Ontario for fire-assay. Samples fire-assaying greater than 10 grams per tonne gold are then fire-assayed with a gravimetric finish to establish the gold grade. Assay samples are taken from drill core, sawed in half along the core axis. One half is sent to AGAT and the other half retained by the Company for future reference. The Company applies a full quality assurance and quality control program (QAQC) system for every batch of samples submitted to the lab (gold standard, field sample duplicate and blank).
About BonTerra ResourcesBonTerra is a Canadian gold exploration company based in Vancouver, BC. BonTerra is focused on continuing to expand the drill defined gold zones on its Eastern Extension property, part of the world famous Abitibi Greenstone Belt in mining friendly Quebec. BonTerra has a total of three gold properties in the Urban-Barry belt, the Eastern Extension, Lavoie and Urban-Barry properties which are located approximately 170 km NE of Val-d�Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly townships in Qu�bec.
BonTerra has an option to earn 100% of the Eastern Extension property from Abitex Resources subject to a 2% NSR.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC./s/ Thomas Clarke
Thomas Clarke
Director
For further information contact:
info@bonterraresources.com
www.bonterraresources.comTel: (604) 678-5308
Fax: (604) 678-5309
Toll Free: 1-855-678-5308
This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the statement that the Company has received results that management believes will be included in a NI 43-101 compliant gold resource calculation. There are numerous risks and uncertainties that could cause actual results and the Company�s plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) delays with respect to drill results or preparation of a resource calculation; (iii) Management�s goal is to grow the strike both east and west during the upcoming phase 3 drill program and (iv) general uncertainties with respect to mineral exploration in general. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.