Bonterra Resources Inc.

Published : November 09th, 2010

Bonterra Receives Drill Assays As High As 77.8 Grams Per Tonne Gold

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Bonterra Receives Drill Assays As High As 77.8 Grams Per Tonne Gold

Click Here for a Free Real-time Stock Quote on TSX-V: BTR

Vancouver, BC - November 9, 2010:   BonTerra Resources Inc. (BTR: TSXV; FSE: 9BR) (the "Company", "BonTerra") announces the receipt of its rushed assays from its ongoing drill program on the Eastern Extension property. Hole BA-10-01 and BA-10-02 were both sent for rush assay to ALS Chemex in Val d'Or, Quebec last week. The Company has also sent one additional hole (BA-10-03) for rush assay at this time. The Company has received results for BA-10-01 which assayed a drill intercept of 13.50 metres at 17.06 grams per tonne gold. BA-10-02 returned a drill intercept of 7.73 metres at 21.24 grams per tonne gold. Also in BA-10-02 was one sample of one metre long which returned a gold grade of 77.80 grams per tonne gold. The following two tables outline the drill intercepts for both holes. These are sample results, the company sampled mineralized zones of the holes and future holes will be disclosed once assays are received. The drill collars are located 20.18 metres apart (66.21 feet) with an azimuth of approximately 19 degrees. The drill program is drilled using AQ sized core. The Company is also planning on constructing a winter camp and planning a second phase drill program this coming winter to continue advancing this exciting property.

DRILL HOLE BA-10-01 GOLD INTERCEPTS

Drill
Hole

From
(m)

From
(feet)

To
(m)

To
(feet)

Length
(metres)

Length
(feet)

Gold
(grams per tonne)

Gold
(Oz per tonne)

BA-10-01

25.30

83.01

38.80

127.30

13.50

42.65

17.06

0.55

INCLUDING

25.30

83.01

35.80

117.45

10.50

34.45

21.12

0.68

DRILL HOLE BA-10-02 GOLD INTERCEPTS

Drill
Hole

From
(m)

From
(feet)

To
(m)

To
(feet)

Length
(metres)

Length
(feet)

Gold
(grams per tonne)

Gold
(Oz per tonne)

BA-10-02

40.27

132.12

48.00

157.48

7.73

25.36

21.24

0.68

INCLUDING

40.27

132.12

44.00

144.36

3.73

12.24

35.31

1.14

INCLUDING

43.00

141.08

44.00

144.36

1.00

3.28

77.80

2.50

To date the company has completed 6 holes and is currently drilling the 7th hole on its two properties in the Urban-Barry segment of the Abitibi Greenstone Belt. BA-10-01 twinned the historical drill hole BL-97.16. BA-10-02 twinned another historical drill hole, BL-97-06.

To date the holes drilled on the Eastern Extension property have intercepted zones of smoky quartz veins mineralized with sulphides (pyrite & pyrrhotite with chalcopyrite & sphalerite observed locally). Sulphides commonly compose 1-7% of the mineralized zones and can be as high as 15% locally in BA-10-02. Alteration is most commonly silica, carbonate, chlorite, tourmaline and sericite. The combination of quartz veins, tourmaline, alteration types and sulphides is ideal for gold mineralization in the area.

The Company has chosen to employ a full quality assurance and quality control (QAQC) system for every batch of samples submitted to the lab. The QAQC samples include a standard, duplicate and blank. The Company is currently drilling the 4th hole on the Eastern Extension property (BA-10-04). Geologica Inc. of Val d'Or, Qu�bec is responsible for overseeing the drill and sampling program on behalf of the Company.

Mitchell Adam, President, states, "We are excited to intercept two high grade drill intercepts approximately 20 metres (or 65 feet) apart in our ongoing drill program. This cements BonTerra as a significant player in the eastern Abitibi of Quebec. BonTerra receiving high grade gold assays in our ongoing drill program validates the hard work of our team in Quebec."

The Eastern Extension property is located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Barry and Bailly townships in the Abitibi Greenstone Belt, Qu�bec. The Urban-Barry property is situated just west of the Eastern Extension property. Neighboring Companies in the region are Metanor, Amseco, Beaufield, Eagle Hill, Glen Eagle, Urbana and Freewest, Murgor and Noront. The company has an option to earn 100% of the Eastern Extension property subject to a 2% NSR.

The company announces the granting of incentive stock options in the amount of 699,000 at $0.235 to certain directors and consultants valid for 90 days. These options are granted under the company's 2009 stock option plan.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the Company by Thomas Clarke, Pr.Sci.Nat, a qualified person and a Director of the issuer.

DRILL COLLAR LOCATIONS OF HOLES BA-10-01 and BA-10-02

Drill
Hole

Easting
(UTM Nad83)

North (UTM Nad83)

Elev.
(m)

Total Depth (m)

Azimuth

Dip
(degrees)

BA-10-01

456181

5428068

390

148.60

160�

-57�

BA-10-02

456187

5428087

391

94.50

160�

-44�

ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
/s/ Mitchell Adam                               
Mitchell Adam
President, Director

Click here for contact information

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.

Click Here for a Free Real-time Stock Quote on TSX-V: BTR

 

Bonterra Resources Inc.

CODE : BTR.V
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Bonterra Res is a exploration company based in Canada.

Bonterra Res holds various exploration projects in Canada.

Its main exploration properties are ANDERSON CLAIMS and EASTERN EXTENSION in Canada.

Bonterra Res is listed in Canada. Its market capitalisation is CA$ 40.4 millions as of today (US$ 29.7 millions, € 26.7 millions).

Its stock quote reached its highest recent level on February 25, 2011 at CA$ 9.80, and its lowest recent point on August 14, 2015 at CA$ 0.09.

Bonterra Res has 161 640 000 shares outstanding.

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In the News and Medias of Bonterra Resources Inc.
11/21/2018Gladiator deposit grows for Bonterra Resources
Financings of Bonterra Resources Inc.
6/26/2013ources Announces Closing of $250,000 Non-Brokered Private Pl...
5/30/2013Announces Non-Brokered Private Placement
9/24/2012Announces Closing of Brokered Private Placement
9/6/2012Announces Brokered Private Placement & Drill Holes From the ...
7/6/2011Announces Proposed Brokered and Non-Brokered Private Placeme...
Project news of Bonterra Resources Inc.
6/12/2013(Eastern Extension)Awaits Assays for Three Holes from the Eastern Extension Pro...
10/31/2012(Eastern Extension)Provides Property Update on Eastern Extension
4/29/2011(Eastern Extension)Continues Drilling & Hitting Gold, Eastern Extension
2/17/2011(Eastern Extension)Expands Eastern Extension With Discovery of a New Gold Zone
Corporate news of Bonterra Resources Inc.
9/24/2014BonTerra Resources Announces Financing With Laurentian Bank ...
10/23/2013ources Enters Into Letter of Intent With Gold Royalties Corp...
1/24/2013Receives Ice Permits for Drill Program
10/10/2012Announces Appointment and Resignation of Director and Granti...
7/12/2011(Eastern Extension)Assays 114.00 Grams/Tonne Gold, Eastern Extension, Quebec
6/9/2011(Eastern Extension)Deepens Drills at Eastern Extension, Val-d'Or, Quebec
6/2/2011Assays Up to 42.6 Grams/Tonne Gold
5/18/2011Corporate Update
4/15/2011Corporate Update & Samples Sent for Rush Assay
4/5/2011Assays Received for Seven Drill Holes & Gold Discovered in t...
3/28/2011Initiates Ten Hole Drill Program
3/22/2011Mobilizes Large Rig and Stockpiles Fuel
3/15/2011Applies for Ice Permit to Extend Strike
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