BonTerra Resources Inc. (TSX VENTURE:BTR
- News; FRANKFURT:9BR - News; the
"Company", "BonTerra") has
mobilized two drill rigs on the Eastern Extension Property (the
"Property"). Drilling will focus on expanding the known gold zone
on the Property.
The Company is funded for this program
thru the recently raised $2 million in flow through financing. The Company
drilled nine holes on the Property in 2010. Of these, eight have hit gold
with grades as high as 77.6 grams/tonne.
Concurrently the Company will conduct a ground based magnetic ("mag") and induced polarity ("IP") surveys
on both the Eastern Extension and the recently acquired Lavoie Property. All
drilling, mag and IP surveys have been recommended
by the recently completed and filed NI 43-101 technical report.
Mitchell Adam, President, states,
"We are very confident in our properties, by securing and utilizing two
drill rigs, we aim to potentially widen and lengthen the established high
grade gold zone. Additionally we want to test as many targets as possible
this winter prior to spring breakup and we envision successfully drilling
5000 metres to start to establish a NI 43-101
compliant gold resource on the property."
The Company is in the process of
creating a drill location map with previous holes drilled and with newly
selected drill locations for the corporate website.
The Eastern Extension and Urban-Barry
properties are located approximately 170 km NE of Val-d'Or and 125 km SW of Chibougamau in the Urban, Barry and Bailly
townships in Quebec.
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 Company.
ON BEHALF OF THE BOARD
BONTERRA RESOURCES INC.
Mitchell Adam, President, Director
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.
Contact:
Mitchell Adam
BonTerra Resources Inc.
President, Director
(604) 678-5308 or Toll Free: 1-855-678-5308
(604) 678-5309 (FAX)
info@bonterraresources.com
www.bonterraresources.com |