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Bonterra Resources Inc.

Publié le 16 novembre 2017

Bonterra Identifies New "Barbeau Gold Zone" at the Gladiator Gold Deposit with Intersection of 22.2 g/t Au over 1.9 m

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Bonterra Identifies New "Barbeau Gold Zone" at the Gladiator Gold Deposit with Intersection of 22.2 g/t Au over 1.9 m

VANCOUVER, Nov. 16, 2017 /PRNewswire/ - Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the "Company" or "Bonterra") is pleased to announce the identification of a fifth new parallel gold zone at the Gladiator Gold Deposit. This new "Barbeau Zone", intersected by six drill holes up to 800 m below surface, was identified south of the "South Zone". The Company is aggressively completing its 2017 Resource Development Program, with four diamond drill rigs completing a 50,000 m program. In addition, multiple holes are in the lab with assays pending, and Bonterra expects to expand to six drill rigs during the upcoming 2018 winter season.

Highlights and Observations:

  • Two recent drill holes (BA-17-24 and BA-17-40A) at the Gladiator Gold Deposit that indicate the potential of a new parallel gold zone south of the "South Zone."
  • BA-17-40A intersected 22.2 g/t Au over 1.9 m up to 800 m below surface.
  • The Barbeau Zone has been intersected by at least six holes to date including BA-16-05 with 28.5 g/t Au over 3.3 m and BA-16-07 with 20.7 g/t Au over 3.0 m.
  • Multiple parallel gold zones have now been identified at the Gladiator Gold Deposit and show a strong continuity at depth.
  • To date, continuity of mineralization is now confirmed over a total drilled strike length on at least two horizons (Main and Footwall) of 1,200 m, as well as a drilled depth of 1,200 m.


Dale Ginn, VP Exploration, stated, "Our resource development program is focused on expanding the Gladiator Gold Deposit.  The identification of Barbeau as a potential fifth parallel gold zone is exciting and indicates the strength of the Gladiator gold system. Further exploration of the new Barbeau Zone will be included in the winter drilling campaign, where we expect to have six drill rigs operating on the property. As we progress through the drill program, we continue to gain an excellent understanding of the significant gold system at Gladiator, which is leading to the accelerated development of our geological model. We look forward to 2018 with the completion of an updated resource estimate."

Hole

From(m)

To(m)

Length*(m)

Grade(g/t Au)

Zone/Area

BA-16-05

290.7

294.0

3.3

28.5

Barbeau Zone

BA-16-07

378.0

381.0

3.0

20.7

Barbeau Zone

BA-17-12

346.7

349.7

3.0

8.8

Barbeau Zone

BA-17-22

712.2

716.0

3.8

11.9

Barbeau Zone

BA-17-24

983.0

985.0

2.0

7.8

Barbeau Zone

BA-17-40A

911.5

913.4

1.9

22.2

Barbeau 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 $40 million raised in 2017.
  • Strong Shareholder Base: Eric Sprott (10%), Van Eck Gold Fund (12%), Kirkland Lake Gold (9.5%), Kinross (7.5%).
  • 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.

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Bonterra Resources Inc.

CODE : BTR.V
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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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