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Bonterra Resources Inc.

Publié le 03 avril 2018

Bonterra Extends Gladiator Gold Deposit Further Westward 17.8 g/t Au Intersected over 3.0 Meters

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Bonterra Extends Gladiator Gold Deposit Further Westward 17.8 g/t Au Intersected over 3.0 Meters

VANCOUVER , April 3, 2018 /CNW/ - Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") is pleased to announce the latest results from the ongoing winter drilling campaign at the Gladiator Gold Deposit, including an intersection of 17.8 g/t Au over 3.0 m . High-grade intersections extend multiple zones westward, adding strike length at the Rivage Gap and continue to demonstrate the continuity of the deposit, highlighting the predictability of the mineralized zones. The ongoing drilling campaign, totaling 70,000 m in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. Multiple drill holes are in the lab with assays pending.

Highlights and Observations:

  • Results from four recent drill holes demonstrate the continuity of the Gladiator Gold Deposit. The four drill holes were drilled on the ice and focused on the western side of the deposit. Two holes, BA-18-07 and BA-18-08, extend the near-surface strike length of multiple zones westward at the Rivage Gap, an area with minimal drilling.

  • Hole BA-18-05 intersected 9.3 g/t Au over 3.1 m at the North Zone, 4.2 g/t Au over 1.5 m at the Footwall Zone, 6.9 g/t Au over 1.3 m at the Main Zone and 3.5 g/t Au over 1.2 m at the Barbeau Zone. Multiple intersections in BA-18-05 confirm the continuous nature of the modelled mineralized zones.

  • Hole BA-18-06 intersected 6.1 g/t Au over 2.5 m at 350 m depth the South Zone. and 4.7 g/t Au over 2.0 m at 200 m depth in the North Zone.

  • Holes BA-18-07 and BA-18-08 added near-surface strike length to the North and South zones at the Rivage Gap. BA-18-07 intersected the North Zone with 8.8 g/t Au over 1.3 and the South Zone at 5.8 g/t Au over 1.2 m . BA-18-08 intersected 17.8 g/t Au over 3.0 m at the South Zone.

  • To date, continuity of mineralization is now confirmed over a total drilled strike length on at least four horizons (North, Footwall, Main and South) of 1,200 m , as well as a drilled depth of 1,000+ m.


Hole BA-18-07 intersected the North Zone near surface with 8.8 g/t over 1.3 m and the South Zone at 230 m depth with 5.8 g/t Au over 1.2 m . BA-18-07 is the most western hole drilled in 2018 at the Gladiator Gold Deposit so far, with anomalous gold intersected across all mineralized horizons. Results from BA-18-07 extend multiple mineralized zones to the west, adding over 100 m of strike length near surface.

BA-18-08 intersected 17.8 g/t Au over 3.0 m at the South Zone at 250 m depth. This intersection occurs in an area with minimal drilling and confirms the continuity of the South Zone on the western side of the Gladiator Deposit.

The seven-drill, 30,000 m winter drilling campaign, is part of the ongoing resource development program at the Gladiator Gold Deposit. Bonterra continues to advance the development of the Gladiator Gold Deposit through definition drilling across all mineralized horizons.

Hole

From

(m)

To

(m)

Length*

(m)

Grade

(g/t Au)

Zone/Area

BA-18-05

655.5

658.6

3.1

9.3

North Zone

BA-18-05

777.7

779.2

1.5

4.2

Footwall Zone

BA-18-05

787.0

788.3

1.3

6.9

Main Zone

BA-18-05

1017.3

1018.5

1.2

3.5

Barbeau Zone

BA-18-06

257.0

259.0

2.0

4.7

North Zone

BA-18-06

575.0

577.5

2.5

6.1

South Zone

BA-18-07

12.7

14.0

1.3

8.8

North Zone

BA-18-07

115.0

116.0

1.0

3.0

Main Zone

BA-18-07

299.0

300.2

1.2

5.8

South Zone

BA-18-08

309.0

312.0

3.0

17.8

South Zone


*Stated lengths are core width as drilled, true widths vary and average between 60 and 80 percent of drilled widths.  Core axis angles of the intersection contacts and surrounding rock units average 55 to 70 degrees.

Please see http://www.bonterraresources.com/en/gladiator/maps-sections for updated maps including long sections and cross sections.

Bonterra Resources Quick Facts:

  • Well financed with approximately $60 million raised in past 12 months.
  • Strong Shareholder Base including: Eric Sprott , Van Eck , Kirkland Lake Gold
  • Gladiator Gold Deposit:
  • Larder Lake Gold Property:


Robert Gagnon , P.Geo., has approved the information contained in this release.  Mr. Gagnon is a director of Bonterra and is a Qualified Person as defined by NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Nav Dhaliwal , President & CEO
Bonterra Resources Inc.

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.

This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Bonterra's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Bonterra disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE Bonterra Resources Inc.


View original content: http://www.newswire.ca/en/releases/archive/April2018/03/c8740.html

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Bonterra Resources Inc.

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Bonterra Res est une société d’exploration minière basée au Canada.

Bonterra Res détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont ANDERSON CLAIMS et EASTERN EXTENSION au Canada.

Bonterra Res est cotée au Canada. Sa capitalisation boursière aujourd'hui est 42,8 millions CA$ (31,4 millions US$, 29,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 25 février 2011 à 9,80 CA$, et son plus bas niveau récent le 14 août 2015 à 0,09 CA$.

Bonterra Res possède 161 640 000 actions en circulation.

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Dans les médias de Bonterra Resources Inc.
21/11/2018Gladiator deposit grows for Bonterra Resources
Financements de Bonterra Resources Inc.
26/06/2013ources Announces Closing of $250,000 Non-Brokered Private Pl...
30/05/2013Announces Non-Brokered Private Placement
24/09/2012Announces Closing of Brokered Private Placement
06/09/2012Announces Brokered Private Placement & Drill Holes From the ...
06/07/2011Announces Proposed Brokered and Non-Brokered Private Placeme...
Projets de Bonterra Resources Inc.
12/06/2013(Eastern Extension)Awaits Assays for Three Holes from the Eastern Extension Pro...
31/10/2012(Eastern Extension)Provides Property Update on Eastern Extension
29/04/2011(Eastern Extension)Continues Drilling & Hitting Gold, Eastern Extension
17/02/2011(Eastern Extension)Expands Eastern Extension With Discovery of a New Gold Zone
Communiqués de Presse de Bonterra Resources Inc.
24/09/2014BonTerra Resources Announces Financing With Laurentian Bank ...
23/10/2013ources Enters Into Letter of Intent With Gold Royalties Corp...
24/01/2013Receives Ice Permits for Drill Program
10/10/2012Announces Appointment and Resignation of Director and Granti...
12/07/2011(Eastern Extension)Assays 114.00 Grams/Tonne Gold, Eastern Extension, Quebec
09/06/2011(Eastern Extension)Deepens Drills at Eastern Extension, Val-d'Or, Quebec
02/06/2011Assays Up to 42.6 Grams/Tonne Gold
18/05/2011Corporate Update
15/04/2011Corporate Update & Samples Sent for Rush Assay
05/04/2011Assays Received for Seven Drill Holes & Gold Discovered in t...
28/03/2011Initiates Ten Hole Drill Program
22/03/2011Mobilizes Large Rig and Stockpiles Fuel
15/03/2011Applies for Ice Permit to Extend Strike
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