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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)
|
|
|
25.30
|
83.01
|
38.80
|
127.30
|
13.50
|
42.65
|
17.06
|
0.55
|
|
|
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)
|
|
|
40.27
|
132.12
|
48.00
|
157.48
|
7.73
|
25.36
|
21.24
|
0.68
|
|
|
40.27
|
132.12
|
44.00
|
144.36
|
3.73
|
12.24
|
35.31
|
1.14
|
|
|
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.
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